Fifth Third Bancorp (FITB) Analysts See $0.57 EPS

June 15, 2018 - By Henry Gaston

Fifth Third Bancorp (NASDAQ:FITB) LogoInvestors sentiment decreased to 0.72 in Q1 2018. Its down 0.26, from 0.98 in 2017Q4. It dived, as 35 investors sold Fifth Third Bancorp shares while 238 reduced holdings. 56 funds opened positions while 141 raised stakes. 547.18 million shares or 2.75% less from 562.64 million shares in 2017Q4 were reported.
Alliancebernstein L P holds 1.32M shares. Intrust State Bank Na, a Kansas-based fund reported 15,385 shares. Gideon Capital Advsr stated it has 0.15% in Fifth Third Bancorp (NASDAQ:FITB). Plante Moran Fin Advisors Ltd Limited Liability Company invested 0.46% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Oakbrook Invs Limited Liability, Illinois-based fund reported 29,321 shares. Etrade Ltd Liability Com holds 0.02% in Fifth Third Bancorp (NASDAQ:FITB) or 15,652 shares. Loomis Sayles & Com Lp reported 0.04% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Shine Advisory Inc has 0.03% invested in Fifth Third Bancorp (NASDAQ:FITB) for 1,520 shares. Highvista Strategies owns 0.1% invested in Fifth Third Bancorp (NASDAQ:FITB) for 7,600 shares. Capwealth Advsrs Limited Liability owns 130,645 shares for 0.71% of their portfolio. The New York-based Kemnay Advisory Services Inc has invested 0.55% in Fifth Third Bancorp (NASDAQ:FITB). Atwood And Palmer Incorporated reported 628,886 shares. Stieven Advisors Lp owns 198,500 shares. Seminole Management has 214,000 shares for 1.57% of their portfolio. Axa invested 0.01% in Fifth Third Bancorp (NASDAQ:FITB).

Since February 5, 2018, it had 0 insider buys, and 11 selling transactions for $6.84 million activity. The insider ANDERSON LARS C sold $530,570. 35,000 shares valued at $1.18 million were sold by Leonard James C. on Wednesday, February 21. 3,700 shares were sold by Hoover Jewell D, worth $119,895. On Monday, March 19 Immaneni Aravind sold $134,400 worth of Fifth Third Bancorp (NASDAQ:FITB) or 4,000 shares. The insider BRUMBACK EMERSON L sold $100,316. Another trade for 87,613 shares valued at $2.84 million was made by CARMICHAEL GREG D on Tuesday, February 13.

Analysts expect Fifth Third Bancorp (NASDAQ:FITB) to report $0.57 EPS on July, 19 before the open.They anticipate $0.11 EPS change or 23.91 % from last quarter’s $0.46 EPS. FITB’s profit would be $390.74 million giving it 13.53 P/E if the $0.57 EPS is correct. After having $0.57 EPS previously, Fifth Third Bancorp’s analysts see 0.00 % EPS growth. The stock decreased 1.00% or $0.31 during the last trading session, reaching $30.84. About 5.69 million shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 28.16% since June 15, 2017 and is uptrending. It has outperformed by 15.59% the S&P500.

Fifth Third Bancorp (NASDAQ:FITB) Ratings Coverage

Among 14 analysts covering Fifth Third Bancorp (NASDAQ:FITB), 2 have Buy rating, 1 Sell and 11 Hold. Therefore 14% are positive. Fifth Third Bancorp had 25 analyst reports since December 18, 2017 according to SRatingsIntel. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Sell” rating given on Tuesday, January 2 by Robert W. Baird. Barclays Capital maintained it with “Hold” rating and $35.0 target in Tuesday, January 2 report. As per Tuesday, January 23, the company rating was maintained by Piper Jaffray. Robert W. Baird upgraded Fifth Third Bancorp (NASDAQ:FITB) on Tuesday, May 22 to “Hold” rating. The rating was maintained by Bank of America with “Neutral” on Wednesday, January 24. The firm has “Sell” rating given on Tuesday, April 24 by Robert W. Baird. Susquehanna maintained the stock with “Hold” rating in Tuesday, April 24 report. The firm earned “Equal-Weight” rating on Monday, April 30 by Morgan Stanley. On Wednesday, April 25 the stock rating was maintained by Nomura with “Neutral”. Susquehanna maintained the shares of FITB in report on Thursday, January 4 with “Hold” rating.

Fifth Third Bancorp operates as a diversified financial services firm in the United States. The company has market cap of $21.14 billion. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It has a 10.89 P/E ratio. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and foreign exchange and international trade finance, derivatives and capital markets services, asset lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

More notable recent Fifth Third Bancorp (NASDAQ:FITB) news were published by: Bizjournals.com which released: “Fifth Third executive to head USF board for another two years” on June 14, 2018, also Seekingalpha.com with their article: “Fifth Third Bancorp-MB Financial Merger Marks A New Era For US Banks” published on May 23, 2018, Seekingalpha.com published: “Fifth Third (FITB) Fifth Third to Acquire MB Financial Conference (Transcript)” on May 22, 2018. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) were released by: Investorplace.com and their article: “3 Low-Cost Bank Stocks Helping to Move the Market Higher” published on June 12, 2018 as well as Benzinga.com‘s news article titled: “Fifth Third Is Worth A Premium Despite Sluggish Loan Growth, Argus Says In Bullish Initiation” with publication date: June 14, 2018.

Fifth Third Bancorp (NASDAQ:FITB) Institutional Positions Chart

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