Fifth Third Bancorp (NASDAQ:FITB) had its target price raised by stock analysts at Deutsche Bank AG from $21.00 to $24.00 in a note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank AG’s target price would indicate a potential downside of 7.76% from the company’s previous close.

A number of other equities analysts also recently commented on FITB. Jefferies Group reiterated a “hold” rating on shares of Fifth Third Bancorp in a research report on Monday, October 24th. lifted their price objective on Fifth Third Bancorp from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, September 23rd. Rafferty Capital Markets upgraded Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Friday, September 16th. Nomura downgraded Fifth Third Bancorp from a “neutral” rating to a “reduce” rating in a research report on Monday, October 10th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Fifth Third Bancorp in a research report on Thursday, October 20th. Three research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.07.

Analyst Recommendations for Fifth Third Bancorp (NASDAQ:FITB)

Shares of Fifth Third Bancorp (NASDAQ:FITB) traded up 2.48% during trading on Wednesday, reaching $26.02. The company’s stock had a trading volume of 11,880,652 shares. The stock has a 50 day moving average of $22.58 and a 200-day moving average of $19.92. The company has a market capitalization of $19.66 billion, a PE ratio of 11.54 and a beta of 1.20. Fifth Third Bancorp has a 1-year low of $13.84 and a 1-year high of $26.62.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.65 earnings per share (EPS) 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 last year, the firm earned $0.45 EPS. On average, analysts expect that Fifth Third Bancorp will post $1.88 earnings per share for the current year.

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Hedge funds have recently bought and sold shares of the stock. A.R.T. Advisors LLC bought a new stake in Fifth Third Bancorp during the first quarter valued at approximately $1,044,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Fifth Third Bancorp by 21.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 47,972 shares of the financial services provider’s stock valued at $801,000 after buying an additional 8,353 shares in the last quarter. Raymond James Trust N.A. increased its stake in Fifth Third Bancorp by 2.2% in the second quarter. Raymond James Trust N.A. now owns 18,629 shares of the financial services provider’s stock valued at $328,000 after buying an additional 393 shares in the last quarter. DNB Asset Management AS increased its stake in Fifth Third Bancorp by 2.0% in the second quarter. DNB Asset Management AS now owns 66,433 shares of the financial services provider’s stock valued at $1,169,000 after buying an additional 1,300 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its stake in Fifth Third Bancorp by 4.2% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 198,724 shares of the financial services provider’s stock valued at $3,496,000 after buying an additional 8,026 shares in the last quarter. 81.31% of the stock is owned by hedge funds and other institutional investors.

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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