Fifth Third Bancorp (NASDAQ:FITB) was downgraded by Compass Point from a “buy” rating to a “neutral” rating in a report issued on Friday.

Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, October 4th. Rafferty Capital Markets raised Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, September 16th. Jefferies Group reaffirmed a “buy” rating on shares of Fifth Third Bancorp in a research note on Wednesday, August 3rd. Stephens cut Fifth Third Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 5th. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Fifth Third Bancorp in a research note on Thursday, October 20th. Three investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have given a buy rating to the stock. Fifth Third Bancorp presently has a consensus rating of “Hold” and an average price target of $20.66.

Analyst Recommendations for Fifth Third Bancorp (NASDAQ:FITB)

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

Fifth Third Bancorp (NASDAQ:FITB) last released its earnings results on Thursday, October 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.24. Fifth Third Bancorp had a return on equity of 10.00% and a net margin of 24.69%. During the same period in the prior year, the business posted $0.45 earnings per share. Equities research analysts expect that Fifth Third Bancorp will post $1.88 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in FITB. Price T Rowe Associates Inc. MD increased its position in shares of Fifth Third Bancorp by 7.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 48,837,458 shares of the financial services provider’s stock valued at $999,214,000 after buying an additional 3,534,549 shares during the period. Quantitative Systematic Strategies LLC increased its position in shares of Fifth Third Bancorp by 11.1% in the third quarter. Quantitative Systematic Strategies LLC now owns 23,354 shares of the financial services provider’s stock valued at $474,000 after buying an additional 2,330 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Fifth Third Bancorp by 20.8% in the third quarter. Ameritas Investment Partners Inc. now owns 18,322 shares of the financial services provider’s stock valued at $375,000 after buying an additional 3,158 shares during the period. Pioneer Investment Management Inc. acquired a new position in shares of Fifth Third Bancorp during the third quarter valued at $6,246,000. Finally, Robecosam AG increased its position in shares of Fifth Third Bancorp by 189.9% in the third quarter. Robecosam AG now owns 8,000 shares of the financial services provider’s stock valued at $162,000 after buying an additional 5,240 shares during the period. Hedge funds and other institutional investors own 82.26% of the company’s stock.

Fifth Third Bancorp Company 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.

5 Day Chart for NASDAQ:FITB

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