Fifth Third Bancorp (NASDAQ:FITB) – FIG Partners boosted their Q2 2018 earnings per share (EPS) estimates for Fifth Third Bancorp in a report released on Wednesday. FIG Partners analyst C. Marinac now forecasts that the firm will earn $0.52 per share for the quarter, up from their previous forecast of $0.48. FIG Partners also issued estimates for Fifth Third Bancorp’s Q3 2018 earnings at $0.57 EPS and FY2018 earnings at $2.15 EPS.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.65 EPS for the quarter, topping the Thomson Reuters’ 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 quarter in the prior year, the firm posted $0.45 EPS.

Earnings History and Estimates for Fifth Third Bancorp (NASDAQ:FITB)

Other equities research analysts have also issued research reports about the stock. Jefferies Group reaffirmed a “buy” rating on shares of Fifth Third Bancorp in a research note on Wednesday, August 3rd. FBR & Co reaffirmed a “hold” rating and set a $20.00 target price on shares of Fifth Third Bancorp in a research note on Friday, July 29th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a research note on Thursday, October 20th. Compass Point lowered shares of Fifth Third Bancorp from a “buy” rating to a “neutral” rating in a research note on Friday, November 18th. Finally, Zacks Investment Research raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, October 4th. Three investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.66.

Fifth Third Bancorp (NASDAQ:FITB) remained flat at $26.29 during mid-day trading on Thursday. 10,900,605 shares of the stock traded hands. The company’s 50-day moving average is $22.25 and its 200 day moving average is $19.77. The firm has a market cap of $19.87 billion, a price-to-earnings ratio of 11.66 and a beta of 1.20. Fifth Third Bancorp has a 52-week low of $13.84 and a 52-week high of $26.63.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sirios Capital Management L P acquired a new position in shares of Fifth Third Bancorp during the second quarter valued at about $10,693,000. Sadoff Investment Management LLC boosted its position in shares of Fifth Third Bancorp by 2.3% in the third quarter. Sadoff Investment Management LLC now owns 1,132,998 shares of the financial services provider’s stock valued at $23,181,000 after buying an additional 25,950 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of 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 valued at $53,204,000 after buying an additional 8,448 shares during the last quarter. Standard Life Investments LTD boosted its position in shares of 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 valued at $66,421,000 after buying an additional 44,440 shares during the last quarter. Finally, Aviva PLC boosted its position in shares of Fifth Third Bancorp by 5.6% in the second quarter. Aviva PLC now owns 479,233 shares of the financial services provider’s stock valued at $8,430,000 after buying an additional 25,256 shares during the last quarter. Institutional investors own 81.98% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this story on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The original version of this story can be accessed at https://www.thecerbatgem.com/2016/11/24/fig-partners-analysts-raise-earnings-estimates-for-fifth-third-bancorp-fitb.html.

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

Receive News & Stock Ratings for Fifth Third Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fifth Third Bancorp and related stocks with our FREE daily email newsletter.