Fifth Third Bancorp (NASDAQ:FITB) Shares Acquired Rep. David Taylor

Representative David Taylor (R-Ohio) recently bought shares of Fifth Third Bancorp (NASDAQ:FITB). In a filing disclosed on June 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Fifth Third Bancorp stock on May 14th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) - DAVE" account.

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

• Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 5/14/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 5/14/2025.
• Sold $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 5/14/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 5/13/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 5/12/2025.
• Purchased $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 5/12/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 3/27/2025.
• Purchased $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 3/10/2025.

Fifth Third Bancorp Trading Down 0.4%

Shares of NASDAQ FITB traded down $0.15 during midday trading on Thursday, hitting $38.30. The company's stock had a trading volume of 5,911,082 shares, compared to its average volume of 4,510,328. Fifth Third Bancorp has a 12-month low of $32.25 and a 12-month high of $49.07. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.82. The firm has a market cap of $25.56 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. The business's 50 day moving average is $36.66 and its two-hundred day moving average is $41.08.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.03. The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.17 billion. Fifth Third Bancorp had a net margin of 17.43% and a return on equity of 14.10%. During the same period in the prior year, the business posted $0.70 earnings per share. As a group, equities research analysts expect that Fifth Third Bancorp will post 3.68 EPS for the current year.

Fifth Third Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 3.86%. Fifth Third Bancorp's dividend payout ratio (DPR) is presently 46.98%.

Hedge Funds Weigh In On Fifth Third Bancorp

Several hedge funds have recently modified their holdings of the stock. Valley National Advisers Inc. lifted its stake in Fifth Third Bancorp by 3.6% in the 4th quarter. Valley National Advisers Inc. now owns 6,763 shares of the financial services provider's stock worth $285,000 after purchasing an additional 236 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Fifth Third Bancorp by 16.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,861 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 261 shares during the last quarter. Howard Capital Management Inc. increased its holdings in shares of Fifth Third Bancorp by 5.6% in the fourth quarter. Howard Capital Management Inc. now owns 5,170 shares of the financial services provider's stock valued at $219,000 after purchasing an additional 274 shares during the last quarter. Pinnacle Financial Partners Inc lifted its position in Fifth Third Bancorp by 3.3% during the fourth quarter. Pinnacle Financial Partners Inc now owns 8,653 shares of the financial services provider's stock worth $366,000 after buying an additional 276 shares in the last quarter. Finally, Commerce Bank boosted its stake in Fifth Third Bancorp by 0.7% during the first quarter. Commerce Bank now owns 40,331 shares of the financial services provider's stock worth $1,581,000 after buying an additional 282 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Baird R W raised shares of Fifth Third Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Citigroup lowered their price target on shares of Fifth Third Bancorp from $52.00 to $43.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. DA Davidson dropped their price objective on shares of Fifth Third Bancorp from $45.00 to $42.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Cowen initiated coverage on shares of Fifth Third Bancorp in a research note on Wednesday, May 14th. They issued a "buy" rating for the company. Finally, Stephens restated an "equal weight" rating and set a $51.00 target price on shares of Fifth Third Bancorp in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.00.

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 operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.