Fifth Third Bancorp (NASDAQ:FITB) Shares Bought by Vista Investment Partners LLC

Vista Investment Partners LLC lifted its position in shares of Fifth Third Bancorp (NASDAQ:FITB) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,211 shares of the financial services provider’s stock after acquiring an additional 366 shares during the quarter. Fifth Third Bancorp accounts for approximately 1.5% of Vista Investment Partners LLC’s portfolio, making the stock its 21st largest holding. Vista Investment Partners LLC’s holdings in Fifth Third Bancorp were worth $4,636,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FITB. EP Wealth Advisors LLC acquired a new stake in shares of Fifth Third Bancorp in the fourth quarter valued at about $259,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Fifth Third Bancorp by 2.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 28,747 shares of the financial services provider’s stock worth $1,002,000 after acquiring an additional 652 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Fifth Third Bancorp in the 4th quarter valued at approximately $474,000. GAMMA Investing LLC increased its stake in Fifth Third Bancorp by 28.7% in the 1st quarter. GAMMA Investing LLC now owns 7,461 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in Fifth Third Bancorp during the first quarter worth $56,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FITB shares. Evercore ISI raised their price target on Fifth Third Bancorp from $46.00 to $47.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. Argus lifted their target price on shares of Fifth Third Bancorp from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group increased their price target on shares of Fifth Third Bancorp from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Royal Bank of Canada lifted their price objective on Fifth Third Bancorp from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, Bank of America increased their target price on Fifth Third Bancorp from $42.00 to $45.00 and gave the company a “buy” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fifth Third Bancorp has an average rating of “Hold” and an average price target of $41.78.

Insider Buying and Selling at Fifth Third Bancorp

In related news, EVP Jude Schramm sold 20,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $42.00, for a total value of $840,000.00. Following the sale, the executive vice president now owns 114,422 shares of the company’s stock, valued at $4,805,724. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fifth Third Bancorp news, EVP Jude Schramm sold 20,000 shares of Fifth Third Bancorp stock in a transaction on Monday, August 26th. The stock was sold at an average price of $42.00, for a total transaction of $840,000.00. Following the sale, the executive vice president now owns 114,422 shares of the company’s stock, valued at $4,805,724. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mitchell Stuart Feiger sold 12,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $41.21, for a total transaction of $494,520.00. Following the completion of the transaction, the director now owns 20,961 shares of the company’s stock, valued at $863,802.81. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,000 shares of company stock worth $2,169,920. 0.50% of the stock is owned by insiders.

Fifth Third Bancorp Stock Performance

NASDAQ:FITB opened at $45.37 on Friday. Fifth Third Bancorp has a fifty-two week low of $22.49 and a fifty-two week high of $45.57. The firm’s 50 day moving average is $42.05 and its two-hundred day moving average is $39.02. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.95. The company has a market cap of $31.04 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.94 and a beta of 1.22.

Fifth Third Bancorp (NASDAQ:FITB) last issued its earnings results on Friday, July 19th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $2.11 billion. Fifth Third Bancorp had a return on equity of 15.79% and a net margin of 17.41%. During the same period in the prior year, the business earned $0.87 EPS. Analysts expect that Fifth Third Bancorp will post 3.31 EPS for the current year.

Fifth Third Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.37 per share. This is an increase from Fifth Third Bancorp’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Monday, September 30th. Fifth Third Bancorp’s dividend payout ratio is presently 46.98%.

About Fifth Third Bancorp

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.