Fifth Third Bancorp (FITB) Shares Sold by Intrust Bank NA

Intrust Bank NA lowered its holdings in shares of Fifth Third Bancorp (NASDAQ:FITB) by 29.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,209 shares of the financial services provider’s stock after selling 6,836 shares during the period. Intrust Bank NA’s holdings in Fifth Third Bancorp were worth $454,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA increased its holdings in Fifth Third Bancorp by 41.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 489,148 shares of the financial services provider’s stock worth $13,686,000 after purchasing an additional 143,145 shares in the last quarter. Global X MANAGEMENT CO LLC increased its holdings in Fifth Third Bancorp by 11.6% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 26,422 shares of the financial services provider’s stock worth $739,000 after purchasing an additional 2,742 shares in the last quarter. Candriam Luxembourg S.C.A. increased its holdings in Fifth Third Bancorp by 4.1% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 452,713 shares of the financial services provider’s stock worth $12,667,000 after purchasing an additional 17,926 shares in the last quarter. Breton Hill Capital Ltd. increased its holdings in Fifth Third Bancorp by 8.2% in the 3rd quarter. Breton Hill Capital Ltd. now owns 72,963 shares of the financial services provider’s stock worth $2,042,000 after purchasing an additional 5,556 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Fifth Third Bancorp by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,555,947 shares of the financial services provider’s stock worth $43,536,000 after purchasing an additional 83,205 shares in the last quarter. 81.45% of the stock is owned by institutional investors.

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A number of equities analysts have issued reports on the company. BidaskClub cut Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Nomura increased their price target on Fifth Third Bancorp from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, September 28th. Robert W. Baird cut Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and set a $24.00 price target for the company. in a research note on Monday, October 2nd. Piper Jaffray Companies reissued a “hold” rating and issued a $27.00 price target on shares of Fifth Third Bancorp in a research note on Tuesday, October 24th. Finally, Zacks Investment Research cut Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $28.33.

Fifth Third Bancorp (FITB) opened at $28.19 on Tuesday. The stock has a market capitalization of $19,523.43, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.93. Fifth Third Bancorp has a fifty-two week low of $23.20 and a fifty-two week high of $29.39.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%. During the same quarter in the prior year, the company earned $0.65 earnings per share. equities analysts expect that Fifth Third Bancorp will post 1.8 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.64 annualized dividend and a yield of 2.27%. This is a positive change from Fifth Third Bancorp’s previous quarterly dividend of $0.14. Fifth Third Bancorp’s dividend payout ratio is presently 23.97%.

In other Fifth Third Bancorp news, EVP Frank R. Forrest sold 7,004 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $26.21, for a total value of $183,574.84. Following the transaction, the executive vice president now owns 71,793 shares in the company, valued at $1,881,694.53. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Spence sold 15,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $28.86, for a total value of $432,900.00. Following the completion of the transaction, the executive vice president now owns 154,577 shares in the company, valued at approximately $4,461,092.22. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

Fifth Third Bancorp Profile

Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States.

Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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