Zeke Capital Advisors LLC Buys New Stake in Fifth Third Bancorp (FITB)
Zeke Capital Advisors LLC bought a new stake in Fifth Third Bancorp (NASDAQ:FITB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,275 shares of the financial services provider’s stock, valued at approximately $232,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in FITB. Horan Capital Advisors LLC. purchased a new stake in Fifth Third Bancorp in the third quarter valued at approximately $102,000. Sun Life Financial INC increased its position in shares of Fifth Third Bancorp by 55,050.0% during the second quarter. Sun Life Financial INC now owns 5,515 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 5,505 shares during the period. HighPoint Advisor Group LLC purchased a new stake in shares of Fifth Third Bancorp during the third quarter worth $202,000. Regentatlantic Capital LLC purchased a new stake in shares of Fifth Third Bancorp during the third quarter worth $205,000. Finally, Chicago Equity Partners LLC purchased a new stake in shares of Fifth Third Bancorp during the third quarter worth $231,000. 84.00% of the stock is currently owned by institutional investors.
Fifth Third Bancorp (NASDAQ FITB) opened at $30.69 on Monday. The company has a market capitalization of $21,654.28, a price-to-earnings ratio of 17.05, a P/E/G ratio of 2.55 and a beta of 1.35. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.93. Fifth Third Bancorp has a twelve month low of $23.20 and a twelve month high of $31.11.
In other Fifth Third Bancorp news, EVP Timothy Spence sold 15,000 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $28.86, for a total value of $432,900.00. Following the completion of the transaction, the executive vice president now owns 154,577 shares in the company, valued at $4,461,092.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.
A number of analysts have recently weighed in on FITB shares. Zacks Investment Research raised Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Monday, September 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $29.00 price objective on shares of Fifth Third Bancorp in a research report on Thursday, October 5th. Deutsche Bank reaffirmed a “hold” rating and set a $27.00 price objective (up previously from $24.00) on shares of Fifth Third Bancorp in a research report on Tuesday, September 26th. BidaskClub lowered Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $28.00 price objective on shares of Fifth Third Bancorp in a research report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $28.23.
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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.
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