Commonwealth Equity Services LLC Trims Stock Position in Fifth Third Bancorp $FITB

Commonwealth Equity Services LLC trimmed its holdings in Fifth Third Bancorp (NASDAQ:FITB) by 19.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 162,871 shares of the financial services provider’s stock after selling 39,204 shares during the period. Commonwealth Equity Services LLC’s holdings in Fifth Third Bancorp were worth $7,256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FITB. Tiemann Investment Advisors LLC boosted its position in shares of Fifth Third Bancorp by 3.9% in the second quarter. Tiemann Investment Advisors LLC now owns 6,700 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 250 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Fifth Third Bancorp by 4.1% in the 2nd quarter. CENTRAL TRUST Co now owns 6,620 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 260 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Fifth Third Bancorp by 11.9% during the 2nd quarter. Harbour Investments Inc. now owns 2,481 shares of the financial services provider’s stock valued at $102,000 after buying an additional 263 shares during the period. Trust Co. of Vermont grew its stake in shares of Fifth Third Bancorp by 17.9% during the 3rd quarter. Trust Co. of Vermont now owns 1,761 shares of the financial services provider’s stock valued at $78,000 after buying an additional 267 shares during the period. Finally, HBK Sorce Advisory LLC increased its holdings in shares of Fifth Third Bancorp by 0.7% during the 3rd quarter. HBK Sorce Advisory LLC now owns 36,083 shares of the financial services provider’s stock worth $1,549,000 after buying an additional 267 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Transactions at Fifth Third Bancorp

In other Fifth Third Bancorp news, Director Evan Bayh acquired 3,000 shares of the company’s stock in a transaction on Monday, October 20th. The shares were bought at an average cost of $41.22 per share, for a total transaction of $123,660.00. Following the acquisition, the director directly owned 84,942 shares of the company’s stock, valued at $3,501,309.24. This trade represents a 3.66% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jude Schramm sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $48.50, for a total value of $109,125.00. Following the completion of the transaction, the executive vice president directly owned 129,191 shares in the company, valued at approximately $6,265,763.50. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.53% of the stock is currently owned by insiders.

Fifth Third Bancorp Stock Down 0.8%

Shares of NASDAQ:FITB opened at $48.13 on Wednesday. The company has a market capitalization of $31.82 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 0.85 and a beta of 0.97. The company has a 50 day moving average of $45.67 and a two-hundred day moving average of $44.22. Fifth Third Bancorp has a 52-week low of $32.25 and a 52-week high of $50.47. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.71.

Fifth Third Bancorp (NASDAQ:FITB) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $0.91 earnings per share for the quarter. The business had revenue of $3.82 billion during the quarter. Fifth Third Bancorp had a net margin of 18.67% and a return on equity of 13.41%. As a group, analysts forecast that Fifth Third Bancorp will post 3.68 earnings per share for the current fiscal year.

Fifth Third Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.60 annualized dividend and a dividend yield of 3.3%. Fifth Third Bancorp’s dividend payout ratio (DPR) is currently 47.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FITB shares. Wells Fargo & Company boosted their price target on Fifth Third Bancorp from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. TD Cowen lifted their price objective on Fifth Third Bancorp from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Wolfe Research reissued an “outperform” rating and set a $55.00 target price on shares of Fifth Third Bancorp in a research report on Wednesday, January 7th. Truist Financial raised their price target on shares of Fifth Third Bancorp from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, December 22nd. Finally, Janney Montgomery Scott boosted their price objective on shares of Fifth Third Bancorp from $50.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Fifth Third Bancorp has a consensus rating of “Moderate Buy” and an average price target of $54.00.

More Fifth Third Bancorp News

Here are the key news stories impacting Fifth Third Bancorp this week:

• Positive Sentiment: Federal Reserve approval clears the way for Fifth Third’s ~ $10.9B acquisition of Comerica, with both companies saying all material regulatory and shareholder approvals are in place and the deal is expected to close Feb. 1 — a combination that will substantially increase scale (creates the ninth-largest U.S. bank) and is the primary near-term growth catalyst. Fifth Third and Comerica Announce Receipt of All Material Approvals to Combine
• Positive Sentiment: News coverage (Crain’s / MSN) confirms the Fed sign-off and the expected Feb. 1 closing date — supporting the view that regulatory risk has been removed as the key blocker to the deal. This reduces one major uncertainty for investors. Fed signs off on Fifth Third Bank’s $10.9B bid to buy Comerica
• Positive Sentiment: Analyst previews expect earnings growth and set up for a potential beat in the upcoming report — a near-term fundamental catalyst that could buoy the stock after merger-related integration. Fifth Third Bancorp (FITB) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Neutral Sentiment: Company announced redemption of subordinated notes — this reduces future interest obligations but also shifts capital structure; impact depends on how Fifth Third manages regulatory capital post-close. Fifth Third Bancorp Announces Redemption of Subordinated Notes
• Neutral Sentiment: Market commentary highlights FITB as a value and momentum name and discusses how it might perform versus large peers — useful for positioning but not an immediate catalyst. Here’s Why Fifth Third Bancorp (FITB) is a Strong Value Stock
• Neutral Sentiment: Short-interest reporting in the feed is effectively meaningless (reported as zero), so there’s no clear short-squeeze dynamic currently affecting the name.

Fifth Third Bancorp Profile

Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.

On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.