Fifth Third Bancorp (NASDAQ:FITB) Stock Purchased by Rep. David Taylor

Key Points

• Rep. David Taylor purchased between $1,001 and $15,000 of Fifth Third Bancorp (FITB) on October 9 through his trust brokerage account.
• Fifth Third shares opened at $50.44, while the company reported $0.83 quarterly EPS—slightly below estimates—and revenue of $3.26 billion, up 45.8% year over year.
• The bank raised its quarterly dividend to $0.42, or $1.68 annually, producing a 3.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $60.92.

Representative David Taylor (Republican-Ohio) recently bought shares of Fifth Third Bancorp (NASDAQ:FITB). In a filing disclosed on October 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Fifth Third Bancorp stock on October 9th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.

Representative David Taylor also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 10/12/2026.
• Purchased $1,001 - $15,000 in shares of RPM International NYSE: RPM on 10/9/2026.
• Purchased $1,001 - $15,000 in shares of AT&T NYSE: T on 10/9/2026.
• Sold $1,001 - $15,000 in shares of Marathon Petroleum NYSE: MPC on 9/22/2026.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/22/2026.
• Purchased $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 9/22/2026.
• Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 9/8/2026.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 9/8/2026.
• Sold $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 8/26/2026.
• Sold $1,001 - $15,000 in shares of Vertex Pharmaceuticals NASDAQ: VRTX on 8/26/2026.

Fifth Third Bancorp Stock Up 0.2%

Shares of Fifth Third Bancorp stock opened at $50.44 on Friday. Fifth Third Bancorp has a 52-week low of $40.65 and a 52-week high of $59.50. The company has a 50 day moving average of $53.49 and a 200 day moving average of $52.89. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $45.74 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.09 and a beta of 0.97.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.01). The firm had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.24 billion. Fifth Third Bancorp had a net margin of 15.89% and a return on equity of 12.39%. The company's revenue for the quarter was up 45.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. As a group, research analysts forecast that Fifth Third Bancorp will post 4.10 EPS for the current fiscal year.

Fifth Third Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.3%. This is a positive change from Fifth Third Bancorp's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, September 30th. Fifth Third Bancorp's dividend payout ratio is 57.34%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FITB shares. TD Cowen began coverage on Fifth Third Bancorp in a report on Thursday, October 8th. They issued a "buy" rating and a $60.00 price target for the company. Royal Bank Of Canada boosted their price target on Fifth Third Bancorp from $57.00 to $62.00 and gave the company an "outperform" rating in a research report on Monday, July 20th. Evercore set a $60.00 price target on Fifth Third Bancorp in a research note on Monday, July 6th. Bank of America upped their price target on Fifth Third Bancorp from $63.00 to $65.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Finally, DA Davidson increased their price target on Fifth Third Bancorp from $63.00 to $65.00 and gave the stock a "buy" rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $60.92.

Institutional Investors Weigh In On Fifth Third Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Basecamp Wealth Advisors LLC raised its stake in Fifth Third Bancorp by 5.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 3,869 shares of the financial services provider's stock valued at $180,000 after purchasing an additional 201 shares during the last quarter. Legacy Wealth Managment LLC ID raised its position in shares of Fifth Third Bancorp by 19.2% in the first quarter. Legacy Wealth Managment LLC ID now owns 1,319 shares of the financial services provider's stock valued at $61,000 after buying an additional 212 shares during the last quarter. Foster & Motley Inc. raised its position in shares of Fifth Third Bancorp by 1.4% in the first quarter. Foster & Motley Inc. now owns 16,298 shares of the financial services provider's stock valued at $757,000 after buying an additional 226 shares during the last quarter. SouthState Bank Corp lifted its stake in shares of Fifth Third Bancorp by 74.7% during the first quarter. SouthState Bank Corp now owns 552 shares of the financial services provider's stock valued at $26,000 after buying an additional 236 shares during the period. Finally, Archer Investment Corp lifted its stake in shares of Fifth Third Bancorp by 22.9% during the first quarter. Archer Investment Corp now owns 1,540 shares of the financial services provider's stock valued at $72,000 after buying an additional 287 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the parent company of Fifth Third Bank. The company traces its history to 1858 and provides banking and related financial services to individuals, businesses, government entities and institutional clients.

Through its commercial banking operations, Fifth Third offers lending, deposit, treasury management, payment processing and capital markets services to middle-market companies, large corporations and other organizations.

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