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.

Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. equities analysts expect that Fifth Third Bancorp will post 1.79 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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