5,025 Shares in Fifth Third Bancorp (NASDAQ:FITB) Bought by Advisor OS LLC

Advisor OS LLC bought a new position in Fifth Third Bancorp (NASDAQ:FITB) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 5,025 shares of the financial services provider’s stock, valued at approximately $212,000.

A number of other large investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in Fifth Third Bancorp during the 4th quarter valued at $25,000. Sierra Ocean LLC bought a new position in Fifth Third Bancorp during the 4th quarter valued at $28,000. Venturi Wealth Management LLC lifted its stake in Fifth Third Bancorp by 89.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 669 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 316 shares in the last quarter. BankPlus Trust Department bought a new position in Fifth Third Bancorp during the 4th quarter valued at $29,000. Finally, Midwest Capital Advisors LLC bought a new position in Fifth Third Bancorp during the 4th quarter valued at $33,000. 83.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FITB shares. DA Davidson lifted their target price on Fifth Third Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their target price on Fifth Third Bancorp from $45.00 to $51.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating and set a $53.00 target price (down from $54.00) on shares of Fifth Third Bancorp in a research note on Wednesday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $47.00 target price on shares of Fifth Third Bancorp in a research note on Monday, February 10th. Finally, Citigroup lifted their target price on Fifth Third Bancorp from $43.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $46.75.

Fifth Third Bancorp Trading Up 1.1 %

Shares of FITB opened at $43.47 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $29.15 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. Fifth Third Bancorp has a fifty-two week low of $33.48 and a fifty-two week high of $49.07. The business has a 50-day moving average of $43.43 and a 200 day moving average of $43.74.

Fifth Third Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Tuesday, December 31st. Fifth Third Bancorp’s payout ratio is presently 47.13%.

Insider Buying and Selling at Fifth Third Bancorp

In other news, EVP Kevin P. Lavender sold 21,700 shares of Fifth Third Bancorp stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $43.55, for a total transaction of $945,035.00. Following the completion of the sale, the executive vice president now owns 130,856 shares in the company, valued at approximately $5,698,778.80. This trade represents a 14.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO James C. Leonard sold 17,200 shares of Fifth Third Bancorp stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $44.26, for a total value of $761,272.00. Following the sale, the chief operating officer now owns 244,487 shares of the company’s stock, valued at approximately $10,820,994.62. This trade represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

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.