Fifth Third Bancorp (NASDAQ:FITB) EVP Kala Gibson Sells 14,857 Shares

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) EVP Kala Gibson sold 14,857 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $36.38, for a total transaction of $540,497.66. Following the transaction, the executive vice president now directly owns 46,646 shares of the company's stock, valued at $1,696,981.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Fifth Third Bancorp Price Performance

Shares of NASDAQ FITB traded up $0.30 during trading on Monday, reaching $36.55. The company had a trading volume of 5,506,880 shares, compared to its average volume of 5,509,221. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91. Fifth Third Bancorp has a twelve month low of $22.46 and a twelve month high of $37.41. The stock has a 50-day moving average price of $35.26 and a two-hundred day moving average price of $31.97. The stock has a market capitalization of $24.90 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 1.38 and a beta of 1.27.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last announced its earnings results on Friday, April 19th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.05. Fifth Third Bancorp had a net margin of 17.70% and a return on equity of 16.11%. The firm had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the company posted $0.78 EPS. As a group, sell-side analysts predict that Fifth Third Bancorp will post 3.19 earnings per share for the current year.

Fifth Third Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a yield of 3.83%. Fifth Third Bancorp's dividend payout ratio (DPR) is currently 44.44%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Barclays lifted their price target on Fifth Third Bancorp from $34.00 to $43.00 and gave the company an "overweight" rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods restated a "market perform" rating and set a $40.00 target price (up from $39.00) on shares of Fifth Third Bancorp in a research report on Monday. Stephens reiterated an "equal weight" rating and issued a $41.00 price target on shares of Fifth Third Bancorp in a report on Tuesday, March 19th. Evercore ISI boosted their price objective on shares of Fifth Third Bancorp from $37.00 to $40.00 and gave the stock an "in-line" rating in a report on Thursday, March 28th. Finally, Robert W. Baird restated a "neutral" rating and set a $32.00 target price on shares of Fifth Third Bancorp in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $36.31.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FITB. Financial Synergies Wealth Advisors Inc. purchased a new position in shares of Fifth Third Bancorp in the 1st quarter worth $29,000. GoalVest Advisory LLC grew its stake in shares of Fifth Third Bancorp by 145.5% in the fourth quarter. GoalVest Advisory LLC now owns 945 shares of the financial services provider's stock valued at $33,000 after buying an additional 560 shares in the last quarter. Denali Advisors LLC purchased a new stake in shares of Fifth Third Bancorp during the 4th quarter valued at about $36,000. Financial Management Professionals Inc. lifted its position in Fifth Third Bancorp by 1,000.0% during the 4th quarter. Financial Management Professionals Inc. now owns 1,100 shares of the financial services provider's stock worth $38,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in Fifth Third Bancorp in the 4th quarter worth approximately $48,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

About Fifth Third Bancorp

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.