EPS for Fifth Third Bancorp (FITB) Expected At $0.57

June 20, 2018 - By James Guidry

Fifth Third Bancorp (NASDAQ:FITB) LogoInvestors sentiment decreased to 0.72 in 2018 Q1. Its down 0.26, from 0.98 in 2017Q4. It worsened, 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.
Moreover, United Capital Fincl Advisers Ltd Liability Corp has 0.01% invested in Fifth Third Bancorp (NASDAQ:FITB). Orrstown Financial Svcs invested in 880 shares or 0.03% of the stock. Stieven Capital Lp reported 1% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). 12,725 are held by Tiemann Inv Ltd Liability Company. Greenleaf reported 17,036 shares. Tiaa Cref Investment Limited Company invested in 1.28 million shares. Capwealth Limited Liability Company invested in 0.71% or 130,645 shares. Delta Asset Limited Liability Co Tn stated it has 0% in Fifth Third Bancorp (NASDAQ:FITB). Optimum Invest Advsr holds 0.24% or 26,010 shares in its portfolio. Moreover, Cypress Capital Mgmt Lc (Wy) has 0.02% invested in Fifth Third Bancorp (NASDAQ:FITB). Moreover, Tiverton Asset Mgmt Llc has 0.01% invested in Fifth Third Bancorp (NASDAQ:FITB) for 2,962 shares. Vanguard Group Inc Inc accumulated 55.29M shares or 0.08% of the stock. Highlander Cap Management Limited Liability holds 0.19% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 10,309 shares. Suntrust Banks holds 0.01% or 29,923 shares in its portfolio. Opus Inv Mngmt owns 0.37% invested in Fifth Third Bancorp (NASDAQ:FITB) for 63,900 shares.

Since February 5, 2018, it had 0 insider buys, and 11 insider sales for $6.84 million activity. Shares for $64,436 were sold by McWilliams Jelena on Wednesday, February 14. Forrest Frank R. had sold 29,508 shares worth $960,780 on Wednesday, February 14. Leonard James C. had sold 35,000 shares worth $1.18M on Wednesday, February 21. Immaneni Aravind also sold $134,400 worth of Fifth Third Bancorp (NASDAQ:FITB) shares. Shares for $119,895 were sold by Hoover Jewell D. 7,500 Fifth Third Bancorp (NASDAQ:FITB) shares with value of $246,098 were sold by Hazel Mark D.

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 $386.41 million giving it 13.41 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 0.33% or $0.1 during the last trading session, reaching $30.57. About 4.59M shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 28.16% since June 20, 2017 and is uptrending. It has outperformed by 15.59% the S&P500.

Fifth Third Bancorp (NASDAQ:FITB) Ratings Coverage

Among 15 analysts covering Fifth Third Bancorp (NASDAQ:FITB), 3 have Buy rating, 1 Sell and 11 Hold. Therefore 20% are positive. Fifth Third Bancorp had 25 analyst reports since December 21, 2017 according to SRatingsIntel. The company was upgraded on Tuesday, May 22 by Robert W. Baird. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, January 24. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Hold” rating by Jefferies on Wednesday, April 4. Robert W. Baird maintained the shares of FITB in report on Tuesday, January 2 with “Sell” rating. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. As per Tuesday, April 24, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Hold” rating by Barclays Capital given on Tuesday, January 2. Morgan Stanley maintained Fifth Third Bancorp (NASDAQ:FITB) on Monday, April 30 with “Equal-Weight” rating. The company was maintained on Wednesday, April 4 by Keefe Bruyette & Woods. Sandler O’Neill maintained it with “Hold” rating and $34.0 target in Tuesday, January 23 report.

Fifth Third Bancorp operates as a diversified financial services firm in the United States. The company has market cap of $20.72 billion. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It has a 8.92 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 Seekingalpha.com with their article: “Fifth Third (FITB) Fifth Third to Acquire MB Financial Conference (Transcript)” published on May 22, 2018, Nasdaq.com published: “Mid-Day Market Update: Dow Up 300 Points; SenesTech Shares Spike Higher” on May 21, 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 Bancorp-MB Financial Merger Marks A New Era For US Banks” with publication date: May 23, 2018.

Fifth Third Bancorp (NASDAQ:FITB) Institutional Positions Chart

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