5,752 Shares in Fifth Third Bancorp (NASDAQ:FITB) Bought by Oak Thistle LLC

Oak Thistle LLC bought a new position in Fifth Third Bancorp (NASDAQ:FITB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,752 shares of the financial services provider's stock, valued at approximately $243,000.

A number of other large investors have also added to or reduced their stakes in FITB. Venturi Wealth Management LLC grew its holdings in shares of Fifth Third Bancorp by 89.5% in the third quarter. Venturi Wealth Management LLC now owns 669 shares of the financial services provider's stock worth $29,000 after acquiring an additional 316 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of Fifth Third Bancorp during the 3rd quarter valued at about $36,000. Hexagon Capital Partners LLC increased its position in shares of Fifth Third Bancorp by 56.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 860 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 312 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Fifth Third Bancorp in the 3rd quarter worth approximately $39,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Fifth Third Bancorp by 232.0% in the fourth quarter. Versant Capital Management Inc now owns 1,006 shares of the financial services provider's stock worth $43,000 after buying an additional 703 shares during the last quarter. Institutional investors own 83.79% of the company's stock.

Fifth Third Bancorp Stock Up 2.5 %

Shares of NASDAQ:FITB traded up $1.07 on Friday, reaching $44.34. The company had a trading volume of 9,304,861 shares, compared to its average volume of 3,879,152. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $29.73 billion, a PE ratio of 14.73, a PEG ratio of 1.79 and a beta of 1.24. Fifth Third Bancorp has a 52-week low of $32.29 and a 52-week high of $49.07. The firm's 50 day simple moving average is $45.02 and its 200-day simple moving average is $42.82.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last posted its earnings results on Friday, October 18th. The financial services provider reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.05). Fifth Third Bancorp had a net margin of 16.58% and a return on equity of 14.58%. The firm had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.16 billion. During the same period in the previous year, the company earned $0.92 EPS. The company's revenue was up 1.2% on a year-over-year basis. As a group, analysts expect that Fifth Third Bancorp will post 3.31 earnings per share for the current fiscal year.

Fifth Third Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.37 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 3.34%. Fifth Third Bancorp's dividend payout ratio (DPR) is 49.17%.

Insider Activity at Fifth Third Bancorp

In related news, EVP Kristine R. Garrett sold 7,500 shares of the firm's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $43.67, for a total value of $327,525.00. Following the completion of the transaction, the executive vice president now owns 55,913 shares in the company, valued at $2,441,720.71. This trade represents a 11.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on FITB shares. Piper Sandler increased their price target on shares of Fifth Third Bancorp from $49.00 to $54.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods upped their price target 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. Citigroup lifted their price objective on Fifth Third Bancorp from $43.00 to $52.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Evercore ISI raised their target price on shares of Fifth Third Bancorp from $46.00 to $47.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Fifth Third Bancorp from $52.00 to $54.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Fifth Third Bancorp presently has an average rating of "Hold" and an average price target of $45.92.

Fifth Third Bancorp 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.