First National Trust Co Has $2.83 Million Stake in Fifth Third Bancorp (FITB)

First National Trust Co reduced its position in shares of Fifth Third Bancorp (NASDAQ:FITB) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,096 shares of the financial services provider’s stock after selling 2,562 shares during the period. First National Trust Co’s holdings in Fifth Third Bancorp were worth $2,825,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FITB. Stephens Inc. AR boosted its holdings in shares of Fifth Third Bancorp by 59.4% during the second quarter. Stephens Inc. AR now owns 15,873 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 5,918 shares during the period. Norinchukin Bank The raised its stake in Fifth Third Bancorp by 12.3% in the second quarter. Norinchukin Bank The now owns 29,628 shares of the financial services provider’s stock worth $769,000 after buying an additional 3,252 shares in the last quarter. Context BH Capital Management LP bought a new position in Fifth Third Bancorp in the second quarter worth about $308,000. Quantitative Investment Management LLC bought a new position in Fifth Third Bancorp in the second quarter worth about $11,064,000. Finally, UBS Asset Management Americas Inc. raised its stake in Fifth Third Bancorp by 3.8% in the second quarter. UBS Asset Management Americas Inc. now owns 3,155,531 shares of the financial services provider’s stock worth $81,918,000 after buying an additional 116,535 shares in the last quarter. Institutional investors own 83.86% of the company’s stock.

In other news, EVP Timothy Spence sold 15,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $28.86, for a total transaction of $432,900.00. Following the sale, the executive vice president now owns 154,577 shares in the company, valued at $4,461,092.22. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.38% of the company’s stock.

Shares of Fifth Third Bancorp (NASDAQ:FITB) traded down $0.07 during midday trading on Wednesday, hitting $32.28. 6,128,900 shares of the company’s stock were exchanged, compared to its average volume of 5,673,560. Fifth Third Bancorp has a fifty-two week low of $23.20 and a fifty-two week high of $32.69. The company has a market capitalization of $22,740.00, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 2.21 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 (NASDAQ:FITB) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. Fifth Third Bancorp had a net margin of 25.81% and a return on equity of 9.58%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. research analysts forecast that Fifth Third Bancorp will post 1.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Thursday, December 28th. Fifth Third Bancorp’s payout ratio is 24.15%.

A number of equities analysts recently issued reports on FITB shares. Royal Bank of Canada reissued a “buy” rating on shares of Fifth Third Bancorp in a research note on Sunday, December 10th. Macquarie downgraded shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $28.47 to $26.00 in a research note on Friday, November 17th. BMO Capital Markets reissued a “hold” rating and issued a $32.00 price target on shares of Fifth Third Bancorp in a research note on Friday, December 8th. Zacks Investment Research raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Wednesday, October 11th. Finally, Morgan Stanley raised their target price on shares of Fifth Third Bancorp from $30.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $29.33.

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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.

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

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