Is Argus Positive On Shares of Fifth Third (FITB)?

June 14, 2018 - By Paula Hilliard

Fifth Third Bancorp (NASDAQ:FITB) Logo

Investors 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.

Macquarie Group Inc Ltd owns 81,500 shares or 0% of their US portfolio. Finemark National Bank & Tru holds 0.03% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 12,438 shares. Sumitomo Mitsui Tru Holding Incorporated has 0.09% invested in Fifth Third Bancorp (NASDAQ:FITB) for 2.22 million shares. Marietta Inv Prtnrs Ltd Llc reported 0.33% in Fifth Third Bancorp (NASDAQ:FITB). First Quadrant Ltd Partnership Ca has invested 0.04% in Fifth Third Bancorp (NASDAQ:FITB). Seminole Mgmt reported 214,000 shares. Maple Mgmt invested 1.74% in Fifth Third Bancorp (NASDAQ:FITB). Creative Planning holds 0.01% or 92,878 shares. Brandywine Global Inv Ltd Com owns 937,417 shares. Canandaigua Natl Bank Tru reported 6,342 shares stake. Cambridge Advisors has invested 0.02% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Cornercap Investment Counsel has invested 0.16% in Fifth Third Bancorp (NASDAQ:FITB). Alphamark Ltd Liability Corp accumulated 1.85% or 136,081 shares. Johnson Inc, a Wisconsin-based fund reported 1,980 shares. Archford Strategies Ltd Liability owns 0% invested in Fifth Third Bancorp (NASDAQ:FITB) for 48 shares.

Since February 5, 2018, it had 0 insider buys, and 11 insider sales for $6.84 million activity. The insider Hazel Mark D sold 7,500 shares worth $246,098. 87,613 shares were sold by CARMICHAEL GREG D, worth $2.84M on Tuesday, February 13. Hoover Jewell D sold $119,895 worth of stock or 3,700 shares. Shares for $134,400 were sold by Immaneni Aravind. BRUMBACK EMERSON L had sold 3,000 shares worth $100,316 on Monday, March 5. The insider McWilliams Jelena sold $19,218.

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

Analysts at Argus has started coverage on shares of Fifth Third (FITB) in an analyst report issued on 14 June. The financial company set “Buy” rating on the $21.14B market cap company.

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 (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: Benzinga.com which released: “Fifth Third Is Worth A Premium Despite Sluggish Loan Growth, Argus Says In Bullish Initiation” on June 14, 2018, also Bizjournals.com with their article: “Fifth Third executive to head USF board for another two years” published on June 14, 2018, Investorplace.com published: “3 Low-Cost Bank Stocks Helping to Move the Market Higher” on June 12, 2018. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) were released by: Seekingalpha.com and their article: “Fifth Third to take ‘sizeable hit’ from MB Financial purchase: Jefferies” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Fifth Third (FITB) Fifth Third to Acquire MB Financial Conference (Transcript)” with publication date: May 22, 2018.

Fifth Third Bancorp (NASDAQ:FITB) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: