Fifth Third Bancorp (NASDAQ:FITB) Shares Down 0.1%

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) shares dropped 0.1% during mid-day trading on Friday . The stock traded as low as $38.51 and last traded at $38.56. Approximately 415,480 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 5,086,658 shares. The stock had previously closed at $38.60.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FITB. Robert W. Baird reissued a "neutral" rating and issued a $32.00 target price on shares of Fifth Third Bancorp in a research report on Monday, April 1st. DA Davidson increased their target price on Fifth Third Bancorp from $37.00 to $39.00 and gave the stock a "neutral" rating in a report on Monday, April 22nd. Wells Fargo & Company raised their price target on Fifth Third Bancorp from $39.00 to $41.00 and gave the stock an "overweight" rating in a research report on Thursday, March 28th. Morgan Stanley restated 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. Finally, UBS Group reiterated a "neutral" rating and set a $39.00 price target (down previously from $42.00) on shares of Fifth Third Bancorp in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $36.50.

Fifth Third Bancorp Trading Down 0.1 %

The stock has a market cap of $26.38 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. 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 firm's fifty day simple moving average is $36.52 and its 200-day simple moving average is $33.57.

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, topping analysts' consensus estimates 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 business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the firm earned $0.78 earnings per share. Equities research analysts expect that Fifth Third Bancorp will post 3.22 EPS for the current fiscal year.

Fifth Third Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 3.63%. Fifth Third Bancorp's dividend payout ratio is currently 44.44%.

Insider Buying and Selling at Fifth Third Bancorp

In related news, COO James C. Leonard sold 26,500 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $36.66, for a total transaction of $971,490.00. Following the transaction, the chief operating officer now directly owns 229,344 shares of the company's stock, valued at $8,407,751.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO James C. Leonard sold 26,500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $36.66, for a total transaction of $971,490.00. Following the transaction, the chief operating officer now owns 229,344 shares of the company's stock, valued at approximately $8,407,751.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jude Schramm sold 5,000 shares of the business's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $36.38, for a total value of $181,900.00. Following the completion of the sale, the executive vice president now directly owns 139,422 shares of the company's stock, valued at $5,072,172.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,857 shares of company stock valued at $1,787,638. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Financial Synergies Wealth Advisors Inc. purchased a new stake in Fifth Third Bancorp in the 1st quarter valued at $29,000. GoalVest Advisory LLC lifted its position in shares of Fifth Third Bancorp by 145.5% during the fourth quarter. GoalVest Advisory LLC now owns 945 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 560 shares in the last quarter. Denali Advisors LLC purchased a new position in Fifth Third Bancorp during the fourth quarter worth about $36,000. Financial Management Professionals Inc. grew its position 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 purchasing an additional 1,000 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Fifth Third Bancorp in the 3rd quarter valued at about $46,000. 83.79% of the stock is owned by institutional investors.

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.