Allstate Corp Invests $1.06 Million in Fifth Third Bancorp $FITB

Allstate Corp purchased a new stake in shares of Fifth Third Bancorp (NASDAQ:FITB) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 23,850 shares of the financial services provider’s stock, valued at approximately $1,063,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evolution Wealth Management Inc. acquired a new position in Fifth Third Bancorp during the 2nd quarter worth about $26,000. Activest Wealth Management grew its position in Fifth Third Bancorp by 1,043.3% in the 2nd quarter. Activest Wealth Management now owns 686 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 626 shares in the last quarter. GoalVest Advisory LLC increased its stake in Fifth Third Bancorp by 246.3% during the second quarter. GoalVest Advisory LLC now owns 748 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 532 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of Fifth Third Bancorp during the second quarter worth about $32,000. Finally, BankPlus Trust Department lifted its position in shares of Fifth Third Bancorp by 53.0% during the second quarter. BankPlus Trust Department now owns 837 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 290 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Fifth Third Bancorp News Summary

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

• Positive Sentiment: Q4 results beat and strong NII — FITB reported better-than-expected Q4 EPS and record net interest income, driven by higher loan demand, fees and lower provisions; management highlighted positive operating leverage and raised 2026 outlook. Q4 Press Release
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms (RBC, Wolfe, Piper Sandler, Janney, Keefe) raised price targets and kept overweight/outperform stances after the quarter, signaling renewed sell‑side conviction. Analyst PTs
• Positive Sentiment: Comerica acquisition seen as catalyst — Management and analysts say the Comerica deal should materially boost scale, drive >30% NII lift and accelerate account/loan growth; MarketBeat frames FITB at an inflection with double‑digit upside. MarketBeat Inflection
• Positive Sentiment: Product/digital traction — The new banking app and continued branch/digital investments reportedly drove higher engagement and originations, supporting fee income and deposit dynamics. PYMNTS
• Positive Sentiment: Dividend and capital return story — Coverage highlights FITB as a high‑yield dividend name with growing buybacks and a payout ratio below 40%, which supports yield-focused investor demand. Zacks Dividend Story
• Neutral Sentiment: Integration activity — Reports show Comerica staff reductions as consolidation advances; layoffs imply near‑term integration activity and cost savings but also execution and morale risks. Detroit News
• Negative Sentiment: Valuation and skepticism — Some analysts and op‑eds warn valuation looks full after the post‑earnings move and raise concerns around Comerica integration, flat loan/deposit growth in parts of the business and lingering execution risk. Seeking Alpha

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Fifth Third Bancorp from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Wednesday. DA Davidson lifted their target price on Fifth Third Bancorp from $47.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. UBS Group raised Fifth Third Bancorp from a “neutral” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Tuesday, January 6th. Janney Montgomery Scott increased their price target on Fifth Third Bancorp from $51.00 to $56.25 and gave the company a “buy” rating in a research report on Wednesday. Finally, Barclays lifted their price objective on Fifth Third Bancorp from $51.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.06.

Insider Transactions at Fifth Third Bancorp

In related news, EVP Jude Schramm sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $48.50, for a total transaction of $109,125.00. Following the transaction, the executive vice president owned 129,191 shares in the company, valued at $6,265,763.50. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is owned by corporate insiders.

Fifth Third Bancorp Stock Up 5.5%

FITB stock opened at $52.86 on Thursday. The stock has a market cap of $34.94 billion, a P/E ratio of 14.93, a PEG ratio of 1.08 and a beta of 0.97. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71. Fifth Third Bancorp has a twelve month low of $32.25 and a twelve month high of $52.96. The company’s 50 day moving average is $46.50 and its two-hundred day moving average is $44.50.

Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.08. Fifth Third Bancorp had a net margin of 19.50% and a return on equity of 13.72%. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the firm posted $0.85 EPS. The company’s revenue was up 63.1% on a year-over-year basis. Research analysts expect that Fifth Third Bancorp will post 3.68 earnings per share for the current fiscal year.

Fifth Third Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.0%. Fifth Third Bancorp’s dividend payout ratio is 45.20%.

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.