Eisler Capital UK Ltd. Invests $348,000 in Fifth Third Bancorp (NASDAQ:FITB)

Eisler Capital UK Ltd. bought a new stake in Fifth Third Bancorp (NASDAQ:FITBFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,081 shares of the financial services provider’s stock, valued at approximately $348,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FITB. GoalVest Advisory LLC increased its holdings in shares of Fifth Third Bancorp by 145.5% in the 4th quarter. GoalVest Advisory LLC now owns 945 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 560 shares during the last quarter. Denali Advisors LLC acquired a new stake in Fifth Third Bancorp during the fourth quarter worth approximately $36,000. Financial Management Professionals Inc. lifted its position in shares of Fifth Third Bancorp by 1,000.0% during the 4th quarter. Financial Management Professionals Inc. now owns 1,100 shares of the financial services provider’s stock worth $38,000 after buying an additional 1,000 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Fifth Third Bancorp in the 4th quarter valued at $48,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Fifth Third Bancorp by 83.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,532 shares of the financial services provider’s stock valued at $53,000 after buying an additional 695 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on FITB shares. Robert W. Baird restated a “neutral” rating and issued a $32.00 price objective on shares of Fifth Third Bancorp in a research note on Monday, April 1st. DA Davidson upped their target price on Fifth Third Bancorp from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Evercore ISI raised their price target on Fifth Third Bancorp from $37.00 to $40.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. UBS Group reiterated a “neutral” rating and issued a $39.00 price objective (down previously from $42.00) on shares of Fifth Third Bancorp in a research note on Thursday, April 4th. Finally, Stephens restated an “equal weight” rating and set a $41.00 target price on shares of Fifth Third Bancorp in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Fifth Third Bancorp has an average rating of “Hold” and a consensus target price of $36.86.

View Our Latest Stock Analysis on Fifth Third Bancorp

Fifth Third Bancorp Price Performance

Shares of NASDAQ:FITB opened at $36.38 on Thursday. Fifth Third Bancorp has a 52 week low of $22.49 and a 52 week high of $39.14. The company has a 50-day moving average price of $36.78 and a 200 day moving average price of $34.76. The company has a market cap of $24.89 billion, a P/E ratio of 11.55, a PEG ratio of 2.50 and a beta of 1.24. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.91.

Fifth Third Bancorp (NASDAQ:FITBGet Free Report) last issued its earnings results on Friday, April 19th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.05. Fifth Third Bancorp had a return on equity of 16.11% and a net margin of 17.70%. The business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the business posted $0.78 EPS. Research analysts predict that Fifth Third Bancorp will post 3.27 earnings per share for the current year.

Fifth Third Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 annualized dividend and a dividend yield of 3.85%. Fifth Third Bancorp’s payout ratio is currently 44.44%.

Insider Transactions at Fifth Third Bancorp

In related news, EVP Jude Schramm sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $37.50, for a total value of $93,750.00. Following the completion of the sale, the executive vice president now owns 136,922 shares in the company, valued at $5,134,575. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fifth Third Bancorp news, COO James C. Leonard sold 26,500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $36.66, for a total value of $971,490.00. Following the sale, the chief operating officer now owns 229,344 shares of the company’s stock, valued at $8,407,751.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jude Schramm sold 2,500 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $37.50, for a total value of $93,750.00. Following the sale, the executive vice president now owns 136,922 shares in the company, valued at approximately $5,134,575. The disclosure for this sale can be found here. Insiders have sold a total of 48,857 shares of company stock valued at $1,787,638 in the last ninety days. 0.50% of the stock is currently owned by company insiders.

About Fifth Third Bancorp

(Free Report)

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.

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

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