6,587 Shares in Fifth Third Bancorp (NASDAQ:FITB) Purchased by Lockerman Financial Group Inc.

Lockerman Financial Group Inc. bought a new stake in Fifth Third Bancorp (NASDAQ:FITB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,587 shares of the financial services provider’s stock, valued at approximately $227,000.

Other institutional investors have also recently made changes to their positions in the company. Penserra Capital Management LLC lifted its holdings in shares of Fifth Third Bancorp by 8.7% in the 4th quarter. Penserra Capital Management LLC now owns 3,568 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 285 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Fifth Third Bancorp by 1.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 18,752 shares of the financial services provider’s stock valued at $599,000 after buying an additional 321 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Fifth Third Bancorp by 1.5% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 25,098 shares of the financial services provider’s stock worth $823,000 after acquiring an additional 370 shares in the last quarter. Toroso Investments LLC increased its position in shares of Fifth Third Bancorp by 5.0% during the fourth quarter. Toroso Investments LLC now owns 7,844 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 371 shares during the period. Finally, Covestor Ltd boosted its holdings in Fifth Third Bancorp by 43.9% in the first quarter. Covestor Ltd now owns 1,219 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 372 shares during the period. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Fifth Third Bancorp Price Performance

Shares of FITB opened at $37.21 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.96. The stock’s 50 day moving average is $34.75 and its two-hundred day moving average is $30.72. Fifth Third Bancorp has a twelve month low of $22.46 and a twelve month high of $37.41. The firm has a market capitalization of $25.35 billion, a PE ratio of 11.52, a P/E/G ratio of 1.41 and a beta of 1.26.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.77 by $0.22. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $2.15 billion. Fifth Third Bancorp had a return on equity of 16.25% and a net margin of 18.58%. During the same quarter in the previous year, the company earned $1.04 EPS. Research analysts anticipate that Fifth Third Bancorp will post 3.17 earnings per share for the current year.

Fifth Third Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, March 27th. Fifth Third Bancorp’s dividend payout ratio is currently 43.34%.

Analyst Ratings Changes

FITB has been the subject of several analyst reports. Barclays boosted their price target on shares of Fifth Third Bancorp from $34.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Royal Bank of Canada boosted their target price on Fifth Third Bancorp from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Keefe, Bruyette & Woods downgraded Fifth Third Bancorp from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $33.00 to $37.00 in a research note on Tuesday, January 9th. Evercore ISI lifted their price target on Fifth Third Bancorp from $37.00 to $40.00 and gave the stock an “in-line” rating in a research report on Thursday. Finally, UBS Group increased their price objective on Fifth Third Bancorp from $40.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Fifth Third Bancorp currently has a consensus rating of “Hold” and an average price target of $35.72.

Insider Activity at Fifth Third Bancorp

In other Fifth Third Bancorp news, EVP Jude Schramm sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $36.38, for a total value of $181,900.00. Following the completion of the transaction, the executive vice president now owns 139,422 shares in the company, valued at approximately $5,072,172.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Jude Schramm sold 5,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $36.38, for a total value of $181,900.00. Following the sale, the executive vice president now owns 139,422 shares in the company, valued at approximately $5,072,172.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO James C. Leonard sold 26,500 shares of Fifth Third Bancorp stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $36.66, for a total value of $971,490.00. Following the completion of the transaction, the chief operating officer now owns 229,344 shares of the company’s stock, valued at $8,407,751.04. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.