Lawson Kroeker Investment Management Inc. NE Lowers Holdings in Fifth Third Bancorp (NASDAQ:FITB)

Lawson Kroeker Investment Management Inc. NE lessened its stake in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 319,430 shares of the financial services provider's stock after selling 23,971 shares during the period. Fifth Third Bancorp comprises 2.5% of Lawson Kroeker Investment Management Inc. NE's investment portfolio, making the stock its 9th largest holding. Lawson Kroeker Investment Management Inc. NE's holdings in Fifth Third Bancorp were worth $13,506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Boston Common Asset Management LLC boosted its position in Fifth Third Bancorp by 12.4% during the 4th quarter. Boston Common Asset Management LLC now owns 309,350 shares of the financial services provider's stock worth $13,079,000 after acquiring an additional 34,203 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Fifth Third Bancorp by 15.1% during the third quarter. QRG Capital Management Inc. now owns 71,858 shares of the financial services provider's stock worth $3,078,000 after purchasing an additional 9,444 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Fifth Third Bancorp by 13.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 460,549 shares of the financial services provider's stock valued at $19,776,000 after purchasing an additional 55,081 shares in the last quarter. Icon Wealth Advisors LLC acquired a new position in Fifth Third Bancorp in the 3rd quarter valued at approximately $541,000. Finally, Nordea Investment Management AB lifted its position in Fifth Third Bancorp by 8.9% in the 4th quarter. Nordea Investment Management AB now owns 666,028 shares of the financial services provider's stock worth $28,286,000 after buying an additional 54,463 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Fifth Third Bancorp from $43.00 to $52.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $47.00 price target on shares of Fifth Third Bancorp in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their target price on Fifth Third Bancorp from $45.00 to $51.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Baird R W downgraded Fifth Third Bancorp from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. Finally, Piper Sandler restated an "overweight" rating and issued a $53.00 price objective (down from $54.00) on shares of Fifth Third Bancorp in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Fifth Third Bancorp has an average rating of "Hold" and a consensus price target of $46.75.

Fifth Third Bancorp Stock Performance

Shares of FITB traded down $0.67 on Monday, reaching $43.64. 2,243,156 shares of the stock traded hands, compared to its average volume of 4,992,167. The stock's 50-day moving average price is $44.48 and its 200-day moving average price is $43.36. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $29.27 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.44 and a beta of 1.23. Fifth Third Bancorp has a 12 month low of $32.29 and a 12 month high of $49.07.

Fifth Third Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Tuesday, December 31st. Fifth Third Bancorp's dividend payout ratio is 47.13%.

Fifth Third Bancorp Company Profile

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.