Are Analysts Bullish Fifth Third Bancorp (NASDAQ:FITB) After Last Week?

July 17, 2017 - By Michael Collier

 Are Analysts Bullish Fifth Third Bancorp (NASDAQ:FITB) After Last Week?
Investors sentiment increased to 0.93 in Q4 2016. Its up 0.24, from 0.69 in 2016Q3. It increased, as 36 investors sold Fifth Third Bancorp shares while 230 reduced holdings. 93 funds opened positions while 154 raised stakes. 604.34 million shares or 0.54% more from 601.09 million shares in 2016Q3 were reported.
Pictet Asset Mngmt stated it has 398,086 shares or 0.04% of all its holdings. Capstone Asset Mgmt holds 81,327 shares. Qs Invsts Ltd Com holds 73,359 shares. Capital Fincl Advisers Limited Liability Company, California-based fund reported 78,141 shares. Great West Life Assurance Can accumulated 633,578 shares. Hightower Advisors Ltd owns 0.01% invested in Fifth Third Bancorp (NASDAQ:FITB) for 33,139 shares. Reliance Company Of Delaware owns 8,438 shares or 0.03% of their US portfolio. Commerzbank Aktiengesellschaft Fi holds 0% or 12,565 shares in its portfolio. Moreover, Hl Ser Ltd has 0.04% invested in Fifth Third Bancorp (NASDAQ:FITB) for 63,768 shares. Citadel Advsrs Limited Liability Com owns 73,992 shares or 0% of their US portfolio. Webster Bancorp N A, Connecticut-based fund reported 505 shares. Virtus Advisers Inc holds 0.13% or 62,151 shares. Tokio Marine Asset Mngmt Ltd reported 16,320 shares or 0.05% of all its holdings. Breton Hill Ltd accumulated 0.45% or 65,822 shares. Caisse De Depot Et Placement Du Quebec reported 180,390 shares stake.

Since April 28, 2017, it had 0 insider buys, and 4 insider sales for $1.32 million activity. Hoover Jewell D also sold $49,632 worth of Fifth Third Bancorp (NASDAQ:FITB) shares. $373,200 worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by Leonard James C.. Another trade for 26,010 shares valued at $647,649 was made by Tanner Teresa J. on Thursday, May 4. The insider ANDERSON LARS C sold 10,079 shares worth $247,943.

Fifth Third Bancorp (NASDAQ:FITB) Ratings Coverage

Among 28 analysts covering Fifth Third (NASDAQ:FITB), 5 have Buy rating, 2 Sell and 21 Hold. Therefore 18% are positive. Fifth Third had 59 analyst reports since July 22, 2015 according to SRatingsIntel. UBS downgraded the stock to “Sell” rating in Wednesday, January 11 report. The firm has “Reduce” rating given on Monday, October 10 by Nomura. The firm has “Neutral” rating given on Wednesday, January 25 by Hilliard Lyons. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Neutral” rating given on Monday, June 6 by Citigroup. The stock has “Hold” rating by Sandler O’Neill on Monday, January 4. Macquarie Research downgraded Fifth Third Bancorp (NASDAQ:FITB) on Wednesday, January 25 to “Neutral” rating. The company was downgraded on Wednesday, October 5 by Stephens. The stock has “Mkt Perform” rating by Bernstein on Wednesday, November 16. The stock has “Buy” rating by UBS on Monday, October 24. The firm earned “Buy” rating on Wednesday, March 29 by Compass Point. Below is a list of Fifth Third Bancorp (NASDAQ:FITB) latest ratings and price target changes.

28/06/2017 Broker: BMO Capital Markets Rating: Hold New Target: $27.0000 Maintain
22/06/2017 Broker: RBC Capital Markets Rating: Buy New Target: $28.0000 Maintain
08/06/2017 Broker: Jefferies Rating: Hold New Target: $28.0000 Maintain
05/06/2017 Broker: Robert W. Baird Old Rating: Underperform New Rating: Neutral Upgrade
26/05/2017 Broker: BMO Capital Markets Rating: Hold New Target: $27.0000 Maintain
26/05/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $26.5000 Maintain
29/03/2017 Broker: Compass Point Old Rating: Neutral New Rating: Buy Upgrade
25/01/2017 Broker: Hilliard Lyons Old Rating: Underperform New Rating: Neutral New Target: $26.00 Upgrade
25/01/2017 Broker: Macquarie Research Old Rating: Outperform New Rating: Neutral Downgrade
25/01/2017 Broker: Wedbush Rating: Neutral Old Target: $27 New Target: $26 Maintain

The stock increased 0.31% or $0.08 during the last trading session, reaching $26.16. About 4.48M shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 33.30% since July 17, 2016 and is uptrending. It has outperformed by 16.60% the S&P500.

Fifth Third Bancorp is a bank holding firm and a financial holding company. The company has market cap of $19.47 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 13.7 P/E ratio. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management.

More notable recent Fifth Third Bancorp (NASDAQ:FITB) news were published by: Nasdaq.com which released: “Fifth Third Bancorp (FITB) Ex-Dividend Date Scheduled for June 28, 2017” on June 27, 2017, also Mlive.com with their article: “Fifth Third Bank launches ‘Zelle’ payment service on its mobile apps” published on June 20, 2017, Bizjournals.com published: “Fifth Third’s aggressive dividend plans get Fed go-ahead” on June 29, 2017. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) were released by: Businesswire.com and their article: “Fifth Third Bancorp Commits to Becoming an Environmental Leader By Announcing …” published on June 21, 2017 as well as Businesswire.com‘s news article titled: “Fifth Third Announces Time Change for 2Q17 Earnings Call” with publication date: July 11, 2017.

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