Fifth Third Bancorp (NASDAQ:FITB) Stock Acquired Rep. David Taylor

Representative David Taylor (R-Ohio) recently bought shares of Fifth Third Bancorp (NASDAQ:FITB). In a filing disclosed on June 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Fifth Third Bancorp stock on May 14th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) – DAVE” account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 5/15/2025.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 5/14/2025.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 5/14/2025.
• Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 5/14/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 5/13/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 5/12/2025.
• Purchased $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 5/12/2025.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 3/27/2025.
• Purchased $1,001 – $15,000 in shares of Parker-Hannifin (NYSE:PH) on 3/10/2025.
• Purchased $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 3/10/2025.

Fifth Third Bancorp Trading Up 2.1%

NASDAQ FITB opened at $38.89 on Wednesday. The stock has a market capitalization of $25.96 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.42 and a beta of 0.89. The stock’s 50 day moving average price is $36.67 and its two-hundred day moving average price is $41.10. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.80 and a current ratio of 0.80. Fifth Third Bancorp has a 52 week low of $32.25 and a 52 week high of $49.07.

Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. Fifth Third Bancorp had a return on equity of 14.10% and a net margin of 17.43%. During the same period in the previous year, the firm earned $0.70 EPS. As a group, analysts anticipate that Fifth Third Bancorp will post 3.68 earnings per share for the current fiscal year.

Fifth Third Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.81%. The ex-dividend date was Monday, March 31st. Fifth Third Bancorp’s payout ratio is 46.98%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Fifth Third Bancorp during the fourth quarter worth $371,836,000. Nuveen LLC purchased a new stake in Fifth Third Bancorp in the first quarter worth $334,805,000. Massachusetts Financial Services Co. MA purchased a new stake in Fifth Third Bancorp in the first quarter worth $113,900,000. PL Capital Advisors LLC increased its position in Fifth Third Bancorp by 4,128.0% in the fourth quarter. PL Capital Advisors LLC now owns 1,860,320 shares of the financial services provider’s stock worth $78,654,000 after buying an additional 1,816,320 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Fifth Third Bancorp by 6.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 22,908,401 shares of the financial services provider’s stock worth $898,009,000 after buying an additional 1,321,554 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FITB. Morgan Stanley decreased their target price on Fifth Third Bancorp from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Barclays decreased their price objective on Fifth Third Bancorp from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Cowen initiated coverage on Fifth Third Bancorp in a report on Wednesday, May 14th. They issued a “buy” rating on the stock. TD Cowen initiated coverage on Fifth Third Bancorp in a research report on Thursday, May 15th. They set a “buy” rating and a $52.00 target price for the company. Finally, Keefe, Bruyette & Woods cut their target price on Fifth Third Bancorp from $47.00 to $42.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.

David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

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.