Fifth Third Bancorp (NASDAQ:FITB) Stock Price Down 0.5%

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report)'s stock price fell 0.5% during trading on Tuesday . The company traded as low as $36.43 and last traded at $36.81. 505,603 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 5,318,173 shares. The stock had previously closed at $37.00.

Analysts Set New Price Targets

FITB has been the subject of several research analyst reports. UBS Group reiterated a "neutral" rating and set a $39.00 price objective (down previously from $42.00) on shares of Fifth Third Bancorp in a report on Thursday, April 4th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $36.00 target price on shares of Fifth Third Bancorp in a research report on Monday, April 22nd. Evercore ISI increased their price target on Fifth Third Bancorp from $37.00 to $40.00 and gave the stock an "in-line" rating in a report on Thursday, March 28th. DA Davidson upped their target price on Fifth Third Bancorp from $37.00 to $39.00 and gave the stock a "neutral" rating in a research report on Monday, April 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Fifth Third Bancorp from $39.00 to $41.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $36.31.

Fifth Third Bancorp Price Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $24.83 billion, a PE ratio of 11.57, a P/E/G ratio of 1.40 and a beta of 1.27. The business has a 50 day moving average price of $35.65 and a two-hundred day moving average price of $32.50.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last posted its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.05. Fifth Third Bancorp had a return on equity of 16.11% and a net margin of 17.70%. The business had revenue of $3.32 billion for the quarter, compared to analysts' expectations of $2.08 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Research analysts expect that Fifth Third Bancorp will post 3.2 earnings per share for the current fiscal year.

Fifth Third Bancorp Dividend Announcement

The business also recently declared 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 of this dividend was Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 3.84%. Fifth Third Bancorp's payout ratio is currently 44.44%.

Insider Buying and Selling

In other Fifth Third Bancorp news, COO James C. Leonard sold 26,500 shares of the business's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $36.66, for a total value of $971,490.00. Following the transaction, the chief operating officer now directly owns 229,344 shares in the company, valued at $8,407,751.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Kala Gibson sold 14,857 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $36.38, for a total transaction of $540,497.66. Following the completion of the transaction, the executive vice president now owns 46,646 shares in the company, valued at approximately $1,696,981.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO James C. Leonard sold 26,500 shares of Fifth Third Bancorp stock in a transaction dated 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 sale, the chief operating officer now directly owns 229,344 shares of the company's stock, valued at approximately $8,407,751.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,357 shares of company stock worth $1,693,888. Insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Fifth Third Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Fifth Third Bancorp by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 87,343,335 shares of the financial services provider's stock worth $3,012,472,000 after acquiring an additional 734,403 shares during the period. Capital World Investors lifted its holdings in Fifth Third Bancorp by 34.2% during the 4th quarter. Capital World Investors now owns 41,083,928 shares of the financial services provider's stock worth $1,416,985,000 after purchasing an additional 10,472,392 shares in the last quarter. Invesco Ltd. boosted its stake in Fifth Third Bancorp by 8.4% in the 3rd quarter. Invesco Ltd. now owns 19,428,232 shares of the financial services provider's stock worth $492,117,000 after purchasing an additional 1,500,653 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Fifth Third Bancorp by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 14,860,365 shares of the financial services provider's stock valued at $376,413,000 after buying an additional 393,937 shares in the last quarter. Finally, Boston Partners increased its position in shares of Fifth Third Bancorp by 11.5% during the fourth quarter. Boston Partners now owns 14,575,735 shares of the financial services provider's stock valued at $502,719,000 after buying an additional 1,499,194 shares during the period. 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.