November 25, 2016 - By Winifred Garcia · 0 Comments
Third Bancorp Fifth (NASDAQ:FITB) institutional sentiment decreased to 0.69 in 2016 Q2. Its down -0.19, from 0.88 in 2016Q1. The ratio is negative, as 221 investment professionals opened new and increased stock positions, while 251 trimmed and sold stock positions in Third Bancorp Fifth. The investment professionals in our partner’s database now hold: 598.84 million shares, down from 606.99 million shares in 2016Q1. Also, the number of investment professionals holding Third Bancorp Fifth in their top 10 stock positions increased from 2 to 3 for an increase of 1. Sold All: 45 Reduced: 206 Increased: 174 New Position: 47.
Fifth Third Bancorp is a bank holding firm and a financial holding company. The company has a market cap of $19.87 billion. The Firm 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. It has a 11.65 P/E ratio. The Firm operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors.
The stock decreased 0.57% or $0.15 during the last trading session, hitting $26.14. About 3.30M shares traded hands. Fifth Third Bancorp (NASDAQ:FITB) has risen 41.19% since April 22, 2016 and is uptrending. It has outperformed by 35.78% the S&P500.
Analysts await Fifth Third Bancorp (NASDAQ:FITB) to report earnings on January, 19. They expect $0.43 EPS, up 4.88% or $0.02 from last year’s $0.41 per share. FITB’s profit will be $326.86M for 15.20 P/E if the $0.43 EPS becomes a reality. After $0.65 actual EPS reported by Fifth Third Bancorp for the previous quarter, Wall Street now forecasts -33.85% negative EPS growth.
According to Zacks Investment Research, “Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. They engage primarily in commercial, retail and trust banking, data processing services, investment advisory services and leasing activities. In addition, the company provides credit life, accident, health and mortgage insurance, discount brokerage services and property management for its properties.”
Atwood & Palmer Inc holds 2.93% of its portfolio in Fifth Third Bancorp for 920,356 shares. Sadoff Investment Management Llc owns 1.11 million shares or 2.33% of their US portfolio. Moreover, Endeavour Capital Advisors Inc has 2.22% invested in the company for 1.69 million shares. The Michigan-based Seizert Capital Partners Llc has invested 2.19% in the stock. Reinhart Partners Inc., a Wisconsin-based fund reported 1.20 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 8 selling transactions for $4.20 million net activity.
Ratings analysis reveals 19% of Fifth Third’s analysts are positive. Out of 26 Wall Street analysts rating Fifth Third, 5 give it “Buy”, 2 “Sell” rating, while 19 recommend “Hold”. The lowest target is $16 while the high is $25. The stock’s average target of $21.38 is -18.21% below today’s ($26.14) share price. FITB was included in 46 notes of analysts from July 22, 2015. The firm has “Mkt Perform” rating given on Wednesday, August 26 by Bernstein. As per Friday, November 18, the company rating was downgraded by Compass Point. The firm earned “Neutral” rating on Tuesday, November 24 by Piper Jaffray. The firm has “Neutral” rating given on Thursday, April 7 by JP Morgan. The firm has “Outperform” rating given on Wednesday, October 21 by RBC Capital Markets. As per Tuesday, March 8, the company rating was upgraded by Stephens. The rating was downgraded by Guggenheim to “Neutral” on Wednesday, October 21. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Neutral” rating given on Tuesday, June 7 by Susquehanna. The company was downgraded on Wednesday, April 6 by Sterne Agee CRT. Bernstein downgraded the stock to “Mkt Perform” rating in Wednesday, November 16 report.
Fifth Third Bancorp, incorporated on October 7, 1974, is a bank holding firm and a financial holding company. The Firm 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. The Firm operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors. The Firm diversifies its loan and lease portfolio by offering a range of loan and lease products with various payment terms and rate structures. It offers commercial and industrial loans, commercial mortgage loans, commercial construction loans, commercial leases, residential mortgage loans, home equity, automobile loans, credit card, and other consumer loans and leases. The Firm offers various types of deposits, such as demand deposits, interest checking deposits, savings deposits, money market deposits, transaction deposits and other time deposits. The Company’s total deposits are approximately $103 billion. The Company’s total loans are approximately $93 billion.
More recent Fifth Third Bancorp (NASDAQ:FITB) news were published by: Nasdaq.com which released: “Strategy To YieldBoost Fifth Third Bancorp From 2% To 12.9% Using Options” on November 22, 2016. Also Nasdaq.com published the news titled: “Fifth Third to Pay around $4M to S&P for Contract Damages” on November 24, 2016. Nasdaq.com‘s news article titled: “Fifth Third Bancorp Reaches Analyst Target Price” with publication date: November 08, 2016 was also an interesting one.
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By Winifred Garcia