Perigon Wealth Management LLC Acquires Shares of 55,876 Fifth Third Bancorp $FITB

Posted by George Bondi on Aug 18th, 2026

Fifth Third Bancorp logo Perigon Wealth Management LLC bought a new position in Fifth Third Bancorp (NASDAQ:FITB – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 55,876 shares of the financial services provider’s stock, valued at approximately $3,150,000.

Several other hedge funds have also modified their holdings of FITB. Center for Financial Planning Inc. acquired a new position in Fifth Third Bancorp during the 1st quarter worth approximately $25,000. SouthState Bank Corp raised its stake in shares of Fifth Third Bancorp by 74.7% during the first quarter. SouthState Bank Corp now owns 552 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 236 shares during the period. Monetary Solutions Ltd acquired a new position in shares of Fifth Third Bancorp during the fourth quarter worth $29,000. Clearstead Trust LLC purchased a new position in shares of Fifth Third Bancorp in the second quarter valued at $29,000. Finally, Leonteq Securities AG acquired a new stake in Fifth Third Bancorp during the 4th quarter valued at $30,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Fifth Third Bancorp Stock Down 0.9%

Shares of Fifth Third Bancorp stock opened at $57.52 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $56.38 and a 200 day moving average price of $51.83. Fifth Third Bancorp has a fifty-two week low of $40.04 and a fifty-two week high of $59.50. The firm has a market cap of $52.16 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.09 and a beta of 0.91.

Fifth Third Bancorp (NASDAQ:FITB – Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). Fifth Third Bancorp had a net margin of 15.89% and a return on equity of 12.39%. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the firm posted $0.88 earnings per share. Fifth Third Bancorp’s revenue was up 45.8% compared to the same quarter last year. On average, sell-side analysts forecast that Fifth Third Bancorp will post 4.1 earnings per share for the current fiscal year.

Fifth Third Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, June 30th. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 54.61%.

Wall Street Analyst Weigh In

FITB has been the topic of several analyst reports. Citigroup lifted their price target on shares of Fifth Third Bancorp from $53.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. UBS Group boosted their price target on Fifth Third Bancorp from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Stephens assumed coverage on Fifth Third Bancorp in a report on Monday, June 15th. They issued an “equal weight” rating and a $58.00 price target for the company. Wall Street Zen upgraded Fifth Third Bancorp from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. Finally, The Goldman Sachs Group increased their target price on Fifth Third Bancorp from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.54.

Read Our Latest Research Report on Fifth Third Bancorp

About Fifth Third Bancorp

(Free Report)

Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.

On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.