Fifth Third Bancorp (NASDAQ:FITB) Trading Up 0.8%

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report)'s stock price traded up 0.8% on Wednesday . The stock traded as high as $36.93 and last traded at $36.76. 793,099 shares were traded during trading, a decline of 85% from the average session volume of 5,296,927 shares. The stock had previously closed at $36.46.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group restated a "neutral" rating and set a $39.00 price target (down from $42.00) on shares of Fifth Third Bancorp in a report on Thursday, April 4th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $40.00 price target (up from $39.00) on shares of Fifth Third Bancorp in a report on Monday, April 22nd. Stephens restated an "equal weight" rating and set a $41.00 price target on shares of Fifth Third Bancorp in a report on Tuesday, March 19th. Barclays raised their price target on Fifth Third Bancorp from $34.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday, January 2nd. Finally, Evercore ISI raised their price target on Fifth Third Bancorp from $37.00 to $40.00 and gave the company an "in-line" rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $36.50.

Fifth Third Bancorp Price Performance

The firm has a market capitalization of $25.27 billion, a PE ratio of 11.78, a PEG ratio of 1.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50-day simple moving average of $35.72 and a 200-day simple moving average of $32.53.

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 (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.05. The business had revenue of $3.32 billion for the quarter, compared to analysts' expectations of $2.08 billion. Fifth Third Bancorp had a return on equity of 16.11% and a net margin of 17.70%. During the same period last year, the firm posted $0.78 earnings per share. As a group, equities analysts forecast that Fifth Third Bancorp will post 3.2 earnings per share for the current year.

Fifth Third Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.77%. Fifth Third Bancorp's payout ratio is currently 44.44%.

Insider Activity

In other news, EVP Jude Schramm sold 5,000 shares of Fifth Third Bancorp stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $36.38, for a total transaction of $181,900.00. Following the transaction, the executive vice president now directly owns 139,422 shares of the company's stock, valued at approximately $5,072,172.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Jude Schramm sold 5,000 shares of the business's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $36.38, for a total value of $181,900.00. Following the transaction, the executive vice president now directly owns 139,422 shares of the company's stock, valued at approximately $5,072,172.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO James C. Leonard sold 26,500 shares of the business's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $36.66, for a total value of $971,490.00. Following the completion of the transaction, the chief operating officer now directly owns 229,344 shares in the company, valued at $8,407,751.04. The disclosure for this sale can be found here. Insiders have sold a total of 46,357 shares of company stock valued at $1,693,888 in the last ninety days. Corporate insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Financial Synergies Wealth Advisors Inc. purchased a new position in Fifth Third Bancorp in the 1st quarter worth approximately $29,000. GoalVest Advisory LLC increased its stake in Fifth Third Bancorp by 145.5% in the 4th quarter. GoalVest Advisory LLC now owns 945 shares of the financial services provider's stock worth $33,000 after acquiring an additional 560 shares during the last quarter. Denali Advisors LLC bought a new stake in Fifth Third Bancorp in the 4th quarter worth approximately $36,000. Financial Management Professionals Inc. increased its stake in Fifth Third Bancorp by 1,000.0% in 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 during the last quarter. Finally, Friedenthal Financial bought a new stake in Fifth Third Bancorp in the 4th quarter worth approximately $48,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

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.