Teza Capital Management LLC Has $596,000 Holdings in Fifth Third Bancorp (NASDAQ:FITB)

Teza Capital Management LLC lowered its position in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 77.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,102 shares of the financial services provider's stock after selling 48,067 shares during the quarter. Teza Capital Management LLC's holdings in Fifth Third Bancorp were worth $596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Fifth Third Bancorp during the fourth quarter valued at approximately $28,000. BankPlus Trust Department purchased a new position in Fifth Third Bancorp during the fourth quarter valued at approximately $29,000. Quarry LP purchased a new position in Fifth Third Bancorp during the fourth quarter valued at approximately $29,000. Midwest Capital Advisors LLC purchased a new position in Fifth Third Bancorp during the fourth quarter valued at approximately $33,000. Finally, Y.D. More Investments Ltd grew its position in Fifth Third Bancorp by 118.5% during the fourth quarter. Y.D. More Investments Ltd now owns 828 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 449 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fifth Third Bancorp

In other news, EVP Kevin P. Lavender sold 21,700 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $43.55, for a total value of $945,035.00. Following the completion of the transaction, the executive vice president now owns 130,856 shares in the company, valued at approximately $5,698,778.80. This represents a 14.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO James C. Leonard sold 17,200 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $44.26, for a total transaction of $761,272.00. Following the completion of the transaction, the chief operating officer now owns 244,487 shares of the company's stock, valued at approximately $10,820,994.62. This represents a 6.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on FITB shares. Stephens reaffirmed an "equal weight" rating and set a $51.00 price objective on shares of Fifth Third Bancorp in a research report on Wednesday, March 5th. Wells Fargo & Company decreased their target price on shares of Fifth Third Bancorp from $50.00 to $48.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on shares of Fifth Third Bancorp from $49.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Truist Financial decreased their target price on shares of Fifth Third Bancorp from $52.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, TD Cowen started coverage on shares of Fifth Third Bancorp in a research report on Thursday, May 15th. They issued a "buy" rating and a $52.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $46.56.

Fifth Third Bancorp Price Performance

Shares of Fifth Third Bancorp stock opened at $39.51 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.80 and a quick ratio of 0.80. Fifth Third Bancorp has a fifty-two week low of $32.25 and a fifty-two week high of $49.07. The firm has a fifty day moving average price of $36.96 and a two-hundred day moving average price of $41.69. The company has a market cap of $26.37 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89.

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

Fifth Third Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Monday, March 31st. Fifth Third Bancorp's dividend payout ratio (DPR) is presently 46.98%.

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.

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