Huntington National Bank Acquires 25,627 Shares of Fifth Third Bancorp (FITB)

Huntington National Bank raised its holdings in shares of Fifth Third Bancorp (NASDAQ:FITB) by 24.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,826 shares of the financial services provider’s stock after acquiring an additional 25,627 shares during the quarter. Huntington National Bank’s holdings in Fifth Third Bancorp were worth $3,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. JOYN Advisors Inc. grew its holdings in Fifth Third Bancorp by 38.6% in the fourth quarter. JOYN Advisors Inc. now owns 1,722 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 480 shares during the period. SRS Capital Advisors Inc. grew its holdings in Fifth Third Bancorp by 82.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,080 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 487 shares during the period. UMB Bank N A MO grew its holdings in Fifth Third Bancorp by 3.0% in the fourth quarter. UMB Bank N A MO now owns 17,881 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 522 shares during the period. M&T Bank Corp grew its holdings in Fifth Third Bancorp by 0.9% in the fourth quarter. M&T Bank Corp now owns 64,313 shares of the financial services provider’s stock valued at $1,513,000 after purchasing an additional 549 shares during the period. Finally, Morningstar Investment Services LLC grew its holdings in Fifth Third Bancorp by 5.1% in the fourth quarter. Morningstar Investment Services LLC now owns 13,078 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 634 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

NASDAQ FITB opened at $26.72 on Thursday. Fifth Third Bancorp has a 52 week low of $22.12 and a 52 week high of $34.67. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $17.14 billion, a PE ratio of 10.52, a PEG ratio of 1.23 and a beta of 1.32.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. Fifth Third Bancorp had a net margin of 27.32% and a return on equity of 12.34%. During the same quarter in the previous year, the firm earned $0.48 earnings per share. As a group, equities research analysts anticipate that Fifth Third Bancorp will post 2.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a $0.22 dividend. The ex-dividend date is Thursday, March 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.29%. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 34.65%.

A number of research firms recently issued reports on FITB. Keefe, Bruyette & Woods upgraded shares of Fifth Third Bancorp from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Thursday, April 4th. ValuEngine upgraded shares of Fifth Third Bancorp from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. Jefferies Financial Group upgraded shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating in a report on Monday, April 1st. BidaskClub upgraded shares of Fifth Third Bancorp from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Finally, Sandler O’Neill upgraded shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $31.31.

In related news, EVP Frank R. Forrest sold 26,000 shares of Fifth Third Bancorp stock in a transaction on Friday, March 8th. The shares were sold at an average price of $26.37, for a total value of $685,620.00. Following the completion of the sale, the executive vice president now owns 62,974 shares in the company, valued at $1,660,624.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by insiders.

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About Fifth Third Bancorp

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

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Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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