Fifth Third (FITB) Is A Stock That Argus Seems to be Very Interested In

June 14, 2018 - By Linda Rogers

Fifth Third Bancorp (NASDAQ:FITB) Logo

Investors sentiment decreased to 0.72 in 2018 Q1. Its down 0.26, from 0.98 in 2017Q4. It dropped, 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.

Oakworth Cap has invested 0.01% in Fifth Third Bancorp (NASDAQ:FITB). Nomura Hldg invested 0% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). New York-based M&T Comml Bank has invested 0.01% in Fifth Third Bancorp (NASDAQ:FITB). Arizona State Retirement holds 0.11% in Fifth Third Bancorp (NASDAQ:FITB) or 355,527 shares. Riverhead Mngmt Limited Liability stated it has 366,742 shares. Cibc World Markets holds 0.03% or 89,939 shares. Envestnet Asset Management holds 0% or 24,237 shares. Hourglass Capital Ltd Llc reported 0.41% in Fifth Third Bancorp (NASDAQ:FITB). Hartford Investment Mngmt has invested 0.09% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Advisor Prtn Lc reported 21,471 shares. Fort Washington Invest Oh, a Ohio-based fund reported 705,164 shares. Gulf Intll Retail Bank (Uk) Limited invested in 0.09% or 220,888 shares. Cibc World Markets Inc accumulated 79,970 shares or 0.01% of the stock. Alphaone Invest Ltd Liability Company owns 4,981 shares for 0.04% of their portfolio. Van Hulzen Asset Mgmt Ltd Liability Corporation owns 0.35% invested in Fifth Third Bancorp (NASDAQ:FITB) for 35,654 shares.

Since February 5, 2018, it had 0 insider buys, and 11 insider sales for $6.84 million activity. Shares for $119,895 were sold by Hoover Jewell D on Monday, February 12. Hazel Mark D had sold 19,324 shares worth $644,747 on Monday, February 26. ANDERSON LARS C had sold 16,485 shares worth $530,570. $960,780 worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by Forrest Frank R.. BRUMBACK EMERSON L sold $100,316 worth of stock or 3,000 shares. Another trade for 87,613 shares valued at $2.84 million was sold by CARMICHAEL GREG D.

Why Has Argus Given Fifth Third (FITB) a $36.0 Price Target

EU: Fifth Third (FITB) coverage was started with a key ‘”Buy”‘ rating as well as a $36.0 target price per share at Argus. The PT by Argus indicates upside of 15.57 % from the close price.

The stock decreased 1.00% or $0.31 during the last trading session, reaching $30.84. About 5.69M shares traded. Fifth Third Bancorp (FITB) has risen 28.16% since June 14, 2017 and is uptrending. It has outperformed by 15.59% the S&P500.

Analysts await Fifth Third Bancorp (NASDAQ:FITB) to report earnings on July, 19 before the open. They expect $0.57 EPS, up 23.91 % or $0.11 from last year’s $0.46 per share. FITB’s profit will be $390.74 million for 13.53 P/E if the $0.57 EPS becomes a reality. After $0.57 actual EPS reported by Fifth Third Bancorp for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

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: Seekingalpha.com which released: “Fifth Third (FITB) Fifth Third to Acquire MB Financial Conference (Transcript)” on May 22, 2018, also Benzinga.com with their article: “Fifth Third Is Worth A Premium Despite Sluggish Loan Growth, Argus Says In Bullish Initiation” published on June 14, 2018, Seekingalpha.com published: “Fifth Third to take ‘sizeable hit’ from MB Financial purchase: Jefferies” on May 21, 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 Bizjournals.com‘s news article titled: “Fifth Third executive to head USF board for another two years” with publication date: June 14, 2018.

Fifth Third Bancorp (NASDAQ:FITB) Institutional Positions Chart

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