Shares of Fifth Third Bancorp (NASDAQ:FITB) have been given a consensus rating of “Hold” by the thirty-one research firms that are currently covering the stock. Three investment analysts have rated the stock with a sell recommendation, twenty-one have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $20.83.

A number of equities research analysts have weighed in on FITB shares. Keefe, Bruyette & Woods lowered shares of Fifth Third Bancorp from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $20.50 to $21.00 in a research note on Monday, October 3rd. Jefferies Group lowered shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating and boosted their target price for the company from $19.50 to $22.00 in a research note on Friday, October 7th. They noted that the move was a valuation call. Robert W. Baird lowered shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $19.00 to $21.00 in a research note on Wednesday. Rafferty Capital Markets raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, September 16th. Finally, Compass Point raised shares of Fifth Third Bancorp from a “neutral” rating to a “buy” rating and set a $23.20 price objective for the company in a research report on Wednesday, September 14th.

Several institutional investors have recently added to or reduced their stakes in FITB. Sirios Capital Management L P acquired a new position in Fifth Third Bancorp during the second quarter worth about $10,693,000. Deprince Race & Zollo Inc. increased its position in Fifth Third Bancorp by 0.3% in the second quarter. Deprince Race & Zollo Inc. now owns 3,024,678 shares of the financial services provider’s stock worth $53,204,000 after buying an additional 8,448 shares in the last quarter. Endeavour Capital Advisors Inc. increased its position in Fifth Third Bancorp by 2.8% in the first quarter. Endeavour Capital Advisors Inc. now owns 1,768,468 shares of the financial services provider’s stock worth $29,516,000 after buying an additional 48,253 shares in the last quarter. Standard Life Investments LTD increased its position in Fifth Third Bancorp by 1.2% in the second quarter. Standard Life Investments LTD now owns 3,777,164 shares of the financial services provider’s stock worth $66,421,000 after buying an additional 44,440 shares in the last quarter. Finally, National Pension Service increased its position in Fifth Third Bancorp by 4.5% in the first quarter. National Pension Service now owns 501,999 shares of the financial services provider’s stock worth $8,378,000 after buying an additional 21,808 shares in the last quarter. Hedge funds and other institutional investors own 82.26% of the company’s stock.

Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at 25.43 on Tuesday. The stock has a market cap of $19.22 billion, a P/E ratio of 11.28 and a beta of 1.20. Fifth Third Bancorp has a 12 month low of $13.84 and a 12 month high of $25.68. The company has a 50 day moving average price of $21.62 and a 200-day moving average price of $19.52.

Fifth Third Bancorp (NASDAQ:FITB) last announced its earnings results on Thursday, October 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.24. Fifth Third Bancorp had a net margin of 24.69% and a return on equity of 10.00%. During the same quarter last year, the firm posted $0.45 earnings per share. On average, equities research analysts predict that Fifth Third Bancorp will post $1.88 earnings per share for the current year.

About Fifth Third Bancorp

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.

5 Day Chart for NASDAQ:FITB

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