California Public Employees Retirement System Purchases 405,932 Shares of Fifth Third Bancorp $FITB

Key Points

• California Public Employees Retirement System increased its Fifth Third Bancorp stake by 33.3% in Q1, buying 405,932 additional shares and bringing its total holding to 1,623,665 shares valued at about $75.4 million.
• Fifth Third Bancorp reported quarterly EPS of $0.83, just below analyst expectations, while revenue of $3.26 billion came in slightly above estimates. The bank also posted a quarterly dividend of $0.40 per share, or $1.60 annualized, for a 2.8% yield.
• Institutional investors own 83.79% of the stock, and analysts remain broadly constructive with a consensus rating of Moderate Buy and an average price target of $59.11. Recent commentary highlighted strong net interest income and fee growth, though some investors are concerned about integration costs and revenue pressure.

California Public Employees Retirement System lifted its position in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 33.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,623,665 shares of the financial services provider's stock after buying an additional 405,932 shares during the period. California Public Employees Retirement System owned about 0.18% of Fifth Third Bancorp worth $75,435,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Empowered Funds LLC grew its stake in shares of Fifth Third Bancorp by 7.1% during the 1st quarter. Empowered Funds LLC now owns 13,864 shares of the financial services provider's stock worth $543,000 after acquiring an additional 916 shares in the last quarter. Woodline Partners LP lifted its position in shares of Fifth Third Bancorp by 40.5% in the first quarter. Woodline Partners LP now owns 56,592 shares of the financial services provider's stock worth $2,218,000 after purchasing an additional 16,323 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Fifth Third Bancorp by 45.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,428 shares of the financial services provider's stock worth $100,000 after purchasing an additional 759 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Fifth Third Bancorp by 5.0% during the second quarter. Brown Advisory Inc. now owns 10,252 shares of the financial services provider's stock worth $422,000 after purchasing an additional 484 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in Fifth Third Bancorp in the second quarter valued at $968,000. 83.79% of the stock is currently owned by institutional investors.

Fifth Third Bancorp Price Performance

Shares of FITB opened at $57.92 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The company's fifty day simple moving average is $53.01 and its 200 day simple moving average is $50.63. Fifth Third Bancorp has a 1-year low of $40.04 and a 1-year high of $59.50. The company has a market cap of $52.49 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.09 and a beta of 0.90.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last announced its quarterly earnings results 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). Fifth Third Bancorp had a net margin of 15.89% and a return on equity of 12.39%. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the business earned $0.88 EPS. On average, research analysts forecast that Fifth Third Bancorp will post 4.1 earnings per share for the current fiscal year.

Fifth Third Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Fifth Third Bancorp's dividend payout ratio is presently 54.61%.

Fifth Third Bancorp News Summary

Here are the key news stories impacting Fifth Third Bancorp this week:

• Positive Sentiment: Fifth Third Bancorp posted Q2 2026 earnings of $1.02 per share, above consensus estimates, helped by stronger net interest income and fee income. Article Title
• Positive Sentiment: The company said profit rose on higher net interest income and growth in capital markets and wealth management fees, suggesting core banking trends remain solid. Article Title
• Positive Sentiment: Fifth Third also highlighted strong credit quality and lower deposit costs, which support margins and profitability. Article Title
• Positive Sentiment: The bank was named the United States’ Best Bank by Euromoney, reinforcing confidence in its franchise and post-merger expansion story. Article Title
• Neutral Sentiment: Shares also saw unusually heavy put-option activity, indicating traders are hedging or positioning for volatility after earnings.
• Negative Sentiment: Despite the earnings beat, the stock is under pressure because investors are reacting to higher integration-related costs and a reported miss on topline estimates. Article Title
• Negative Sentiment: Some reports noted revenue came in below expectations, which may be outweighing the EPS beat in early trading. Article Title

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FITB shares. Zacks Research lowered shares of Fifth Third Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 11th. Morgan Stanley increased their price objective on shares of Fifth Third Bancorp from $60.00 to $64.00 and gave the stock an "overweight" rating in a research note on Monday, June 29th. Wall Street Zen upgraded Fifth Third Bancorp from a "strong sell" rating to a "sell" rating in a report on Sunday, May 10th. Piper Sandler reaffirmed an "overweight" rating and issued a $54.00 target price (down from $57.00) on shares of Fifth Third Bancorp in a research report on Monday, March 30th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $57.00 target price on shares of Fifth Third Bancorp in a report on Monday, May 4th. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.11.

Insider Transactions at Fifth Third Bancorp

In related news, EVP Peter L. Sefzik sold 20,000 shares of the firm's stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $50.46, for a total value of $1,009,200.00. Following the completion of the sale, the executive vice president directly owned 189,382 shares in the company, valued at approximately $9,556,215.72. This trade represents a 9.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.51% of the company's stock.

Fifth Third Bancorp Profile

Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.

On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.

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