Representative David Taylor (Republican-Ohio) recently bought shares of Fifth Third Bancorp (NASDAQ:FITB). In a filing disclosed on October 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Fifth Third Bancorp stock on October 9th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)” account.
Representative David Taylor also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 10/12/2026.
- Purchased $1,001 – $15,000 in shares of RPM International (NYSE:RPM) on 10/9/2026.
- Purchased $1,001 – $15,000 in shares of AT&T (NYSE:T) on 10/9/2026.
- Sold $1,001 – $15,000 in shares of Marathon Petroleum (NYSE:MPC) on 9/22/2026.
- Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/22/2026.
- Purchased $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 9/22/2026.
- Purchased $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 9/8/2026.
- Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 9/8/2026.
- Sold $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 8/26/2026.
- Sold $1,001 – $15,000 in shares of Vertex Pharmaceuticals (NASDAQ:VRTX) on 8/26/2026.
Fifth Third Bancorp Price Performance
Shares of Fifth Third Bancorp stock traded up $0.09 on Friday, hitting $50.44. 6,461,742 shares of the company were exchanged, compared to its average volume of 8,304,681. The stock has a market capitalization of $45.74 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.09 and a beta of 0.97. The company has a 50-day moving average price of $53.49 and a 200 day moving average price of $52.89. Fifth Third Bancorp has a 1-year low of $40.65 and a 1-year high of $59.50. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.59.
Fifth Third Bancorp (NASDAQ:FITB – Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Fifth Third Bancorp had a return on equity of 12.39% and a net margin of 15.89%. The business’s quarterly revenue was up 45.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 EPS. As a group, sell-side analysts predict that Fifth Third Bancorp will post 4.10 earnings per share for the current fiscal year.
Fifth Third Bancorp Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.42 dividend. This is a positive change from Fifth Third Bancorp’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. Fifth Third Bancorp’s dividend payout ratio is 57.34%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Truist Financial cut their price objective on shares of Fifth Third Bancorp from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Bank of America lifted their target price on shares of Fifth Third Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Royal Bank Of Canada boosted their target price on shares of Fifth Third Bancorp from $57.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, July 20th. Wells Fargo & Company increased their price target on shares of Fifth Third Bancorp from $58.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, UBS Group cut their price target on shares of Fifth Third Bancorp from $65.00 to $63.00 and set a “buy” rating for the company in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.92.
View Our Latest Report on FITB
Hedge Funds Weigh In On Fifth Third Bancorp
Hedge funds have recently bought and sold shares of the company. Basecamp Wealth Advisors LLC lifted its position in shares of Fifth Third Bancorp by 5.5% during the first quarter. Basecamp Wealth Advisors LLC now owns 3,869 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 201 shares in the last quarter. Legacy Wealth Managment LLC ID increased its stake in Fifth Third Bancorp by 19.2% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,319 shares of the financial services provider’s stock worth $61,000 after buying an additional 212 shares during the period. Foster & Motley Inc. increased its stake in Fifth Third Bancorp by 1.4% during the 1st quarter. Foster & Motley Inc. now owns 16,298 shares of the financial services provider’s stock worth $757,000 after buying an additional 226 shares during the period. SouthState Bank Corp lifted its holdings in Fifth Third Bancorp by 74.7% during the 1st quarter. SouthState Bank Corp now owns 552 shares of the financial services provider’s stock worth $26,000 after buying an additional 236 shares in the last quarter. Finally, Archer Investment Corp lifted its holdings in Fifth Third Bancorp by 22.9% during the 1st quarter. Archer Investment Corp now owns 1,540 shares of the financial services provider’s stock worth $72,000 after buying an additional 287 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.
About Representative Taylor
David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.
David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.
Fifth Third Bancorp Company Profile
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the parent company of Fifth Third Bank. The company traces its history to 1858 and provides banking and related financial services to individuals, businesses, government entities and institutional clients.
Through its commercial banking operations, Fifth Third offers lending, deposit, treasury management, payment processing and capital markets services to middle-market companies, large corporations and other organizations.
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