Daiwa Securities Group Inc. boosted its place in shares of Fifth Third Bancorp (NASDAQ:FITB – Free Report) by 6.0% within the fourth quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Change Fee. The institutional investor owned 61,168 shares of the monetary companies supplier’s inventory after buying an extra 3,476 shares throughout the interval. Daiwa Securities Group Inc.’s holdings in Fifth Third Bancorp had been value $2,110,000 on the finish of the latest reporting interval.
Quite a lot of different massive traders have additionally just lately added to or diminished their stakes within the firm. GoalVest Advisory LLC grew its holdings in shares of Fifth Third Bancorp by 145.5% within the 4th quarter. GoalVest Advisory LLC now owns 945 shares of the monetary companies supplier’s inventory valued at $33,000 after buying an extra 560 shares within the final quarter. Denali Advisors LLC purchased a brand new place in shares of Fifth Third Bancorp within the 4th quarter valued at about $36,000. Monetary Administration Professionals Inc. grew its holdings in shares of Fifth Third Bancorp by 1,000.0% within the 4th quarter. Monetary Administration Professionals Inc. now owns 1,100 shares of the monetary companies supplier’s inventory valued at $38,000 after buying an extra 1,000 shares within the final quarter. Friedenthal Monetary purchased a brand new place in shares of Fifth Third Bancorp within the 4th quarter valued at about $48,000. Lastly, Whittier Belief Co. of Nevada Inc. grew its holdings in shares of Fifth Third Bancorp by 83.0% within the 4th quarter. Whittier Belief Co. of Nevada Inc. now owns 1,532 shares of the monetary companies supplier’s inventory valued at $53,000 after buying an extra 695 shares within the final quarter. Institutional traders personal 83.79% of the corporate’s inventory.
Analyst Rankings Modifications
A number of equities analysts have just lately weighed in on the corporate. UBS Group restated a “impartial” score and issued a $39.00 worth goal (down beforehand from $42.00) on shares of Fifth Third Bancorp in a report on Thursday, April 4th. Robert W. Baird reiterated a “impartial” score and issued a $32.00 goal worth on shares of Fifth Third Bancorp in a analysis word on Monday, April 1st. DA Davidson raised their goal worth on shares of Fifth Third Bancorp from $37.00 to $39.00 and gave the corporate a “impartial” score in a analysis word on Monday. Evercore ISI raised their goal worth on shares of Fifth Third Bancorp from $37.00 to $40.00 and gave the corporate an “in-line” score in a analysis word on Thursday, March twenty eighth. Lastly, Royal Financial institution of Canada raised their goal worth on shares of Fifth Third Bancorp from $35.00 to $38.00 and gave the corporate an “outperform” score in a analysis word on Monday, January twenty second. One analysis analyst has rated the inventory with a promote score, 9 have assigned a maintain score and 5 have given a purchase score to the corporate. In response to MarketBeat, the inventory presently has a consensus score of “Maintain” and a consensus worth goal of $36.31.
View Our Newest Inventory Evaluation on Fifth Third Bancorp
Fifth Third Bancorp Buying and selling Up 0.8 %
Shares of FITB inventory opened at $36.55 on Tuesday. The agency has a 50 day shifting common worth of $35.26 and a two-hundred day shifting common worth of $31.97. The corporate has a fast ratio of 0.81, a present ratio of 0.81 and a debt-to-equity ratio of 0.91. The corporate 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 has a 12-month low of $22.46 and a 12-month excessive of $37.41.
Fifth Third Bancorp (NASDAQ:FITB – Get Free Report) final introduced its earnings outcomes on Friday, April nineteenth. The monetary companies supplier reported $0.76 EPS for the quarter, topping the consensus estimate of $0.71 by $0.05. Fifth Third Bancorp had a internet margin of 17.70% and a return on fairness of 16.11%. The corporate had income of $3.32 billion for the quarter, in comparison with analysts’ expectations of $2.08 billion. Throughout the identical interval final 12 months, the agency earned $0.78 earnings per share. As a bunch, analysts predict that Fifth Third Bancorp will publish 3.19 earnings per share for the present 12 months.
Fifth Third Bancorp Dividend Announcement
The agency additionally just lately introduced a quarterly dividend, which was paid on Monday, April fifteenth. Stockholders of report on Thursday, March twenty eighth had been issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, March twenty seventh. This represents a $1.40 annualized dividend and a dividend yield of three.83%. Fifth Third Bancorp’s dividend payout ratio is presently 44.44%.
Insider Transactions at Fifth Third Bancorp
In different information, EVP Jude Schramm bought 5,000 shares of the agency’s inventory in a transaction that occurred on Monday, March twenty fifth. The shares had been bought at a median worth of $36.38, for a complete transaction of $181,900.00. Following the transaction, the manager vice chairman now immediately owns 139,422 shares of the corporate’s inventory, valued at $5,072,172.36. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which might be accessed via the SEC web site. In associated information, COO James C. Leonard bought 26,500 shares of Fifth Third Bancorp inventory in a transaction that occurred on Monday, March eleventh. The shares had been bought at a median worth of $36.66, for a complete worth of $971,490.00. Following the transaction, the chief working officer now immediately owns 229,344 shares of the corporate’s inventory, valued at $8,407,751.04. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible via this hyperlink. Additionally, EVP Jude Schramm bought 5,000 shares of Fifth Third Bancorp inventory in a transaction that occurred on Monday, March twenty fifth. The shares had been bought at a median worth of $36.38, for a complete transaction of $181,900.00. Following the completion of the transaction, the manager vice chairman now immediately owns 139,422 shares within the firm, valued at $5,072,172.36. The disclosure for this sale might be discovered right here. Over the past ninety days, insiders have bought 46,357 shares of firm inventory valued at $1,693,888. 0.50% of the inventory is at the moment owned by firm insiders.
Fifth Third Bancorp Firm Profile
(Free Report)
Fifth Third Bancorp operates because the financial institution holding firm for Fifth Third Financial institution, Nationwide Affiliation that engages within the provision of a spread of monetary services and products in the USA. It operates via three segments: Industrial Banking, Client and Small Enterprise Banking, and Wealth and Asset Administration.
Additional Studying
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