Banque Cantonale Vaudoise Increases Holdings in Fifth Third Bancorp $FITB

Banque Cantonale Vaudoise raised its holdings in shares of Fifth Third Bancorp (NASDAQ:FITBFree Report) by 143.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,340 shares of the financial services provider’s stock after acquiring an additional 13,759 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Fifth Third Bancorp were worth $1,040,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FITB. Fieldview Capital Management LLC boosted its holdings in Fifth Third Bancorp by 0.9% in the third quarter. Fieldview Capital Management LLC now owns 126,220 shares of the financial services provider’s stock valued at $5,623,000 after purchasing an additional 1,176 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Fifth Third Bancorp by 7.1% during the third quarter. Russell Investments Group Ltd. now owns 511,763 shares of the financial services provider’s stock worth $22,802,000 after purchasing an additional 33,762 shares in the last quarter. Inceptionr LLC raised its holdings in Fifth Third Bancorp by 16.7% during the third quarter. Inceptionr LLC now owns 24,409 shares of the financial services provider’s stock worth $1,087,000 after purchasing an additional 3,499 shares in the last quarter. Orca Wealth Management LLC lifted its position in shares of Fifth Third Bancorp by 0.8% during the 3rd quarter. Orca Wealth Management LLC now owns 35,975 shares of the financial services provider’s stock worth $1,603,000 after buying an additional 302 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Fifth Third Bancorp by 4.0% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 109,366 shares of the financial services provider’s stock valued at $4,872,000 after buying an additional 4,200 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Analysts Set New Price Targets

FITB has been the subject of several research analyst reports. DA Davidson upped their price objective on shares of Fifth Third Bancorp from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Evercore boosted their target price on Fifth Third Bancorp from $52.00 to $57.00 and gave the company an “in-line” rating in a report on Thursday, February 5th. Truist Financial upped their target price on Fifth Third Bancorp from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Wall Street Zen downgraded Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Finally, Wells Fargo & Company lifted their price target on Fifth Third Bancorp from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Fifth Third Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $56.91.

View Our Latest Report on FITB

Fifth Third Bancorp Price Performance

Shares of NASDAQ:FITB opened at $43.59 on Friday. Fifth Third Bancorp has a one year low of $32.25 and a one year high of $55.44. The stock has a market capitalization of $39.47 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 0.91 and a beta of 0.96. The company has a 50-day simple moving average of $50.53 and a 200-day simple moving average of $46.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.82 and a current ratio of 0.83.

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Fifth Third Bancorp Profile

(Free Report)

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.

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

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