Analysts See $0.57 EPS for Fifth Third Bancorp (FITB)

June 15, 2018 - By John Moody

Fifth Third Bancorp (NASDAQ:FITB) LogoInvestors sentiment decreased to 0.72 in 2018 Q1. Its down 0.26, from 0.98 in 2017Q4. It turned negative, as 35 investors sold Fifth Third Bancorp shares while 238 reduced holdings. 56 funds opened positions while 141 raised stakes. 547.18 million shares or 2.75% less from 562.64 million shares in 2017Q4 were reported.
Jane Street Group Limited Liability Com has invested 0.01% in Fifth Third Bancorp (NASDAQ:FITB). Cornerstone Ltd Liability Corp invested 0.06% in Fifth Third Bancorp (NASDAQ:FITB). Sun Life has 101 shares. Delta Asset Ltd Liability Com Tn reported 400 shares. Price T Rowe Incorporated Md has invested 0.37% in Fifth Third Bancorp (NASDAQ:FITB). Proshare Advsr holds 0.06% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 309,243 shares. Tarbox Family Office stated it has 0.01% in Fifth Third Bancorp (NASDAQ:FITB). Opus Inv Mngmt owns 63,900 shares for 0.37% of their portfolio. Paloma Partners Mgmt stated it has 0.01% in Fifth Third Bancorp (NASDAQ:FITB). The New York-based Tiaa Cref Investment Management Limited Liability Corporation has invested 0.03% in Fifth Third Bancorp (NASDAQ:FITB). Crawford Invest Counsel stated it has 0.01% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Parallax Volatility Advisers Limited Partnership has 0% invested in Fifth Third Bancorp (NASDAQ:FITB). Brandywine Global Mngmt Lc reported 937,417 shares. Hugh Johnson Advsr Ltd reported 23,190 shares. Fjarde Ap holds 0.09% or 192,273 shares.

Since February 5, 2018, it had 0 insider purchases, and 11 insider sales for $6.84 million activity. BRUMBACK EMERSON L also sold $100,316 worth of Fifth Third Bancorp (NASDAQ:FITB) shares. On Monday, March 19 the insider Immaneni Aravind sold $134,400. McWilliams Jelena also sold $64,436 worth of Fifth Third Bancorp (NASDAQ:FITB) on Wednesday, February 14. The insider CARMICHAEL GREG D sold 87,613 shares worth $2.84M. Shares for $1.18 million were sold by Leonard James C.. On Monday, February 12 Hoover Jewell D sold $119,895 worth of Fifth Third Bancorp (NASDAQ:FITB) or 3,700 shares.

Analysts expect Fifth Third Bancorp (NASDAQ:FITB) to report $0.57 EPS on July, 19 before the open.They anticipate $0.11 EPS change or 23.91 % from last quarter’s $0.46 EPS. FITB’s profit would be $390.74 million giving it 13.53 P/E if the $0.57 EPS is correct. After having $0.57 EPS previously, Fifth Third Bancorp’s analysts see 0.00 % EPS growth. The stock decreased 1.00% or $0.31 during the last trading session, reaching $30.84. About 5.69 million shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 28.16% since June 15, 2017 and is uptrending. It has outperformed by 15.59% the S&P500.

Fifth Third Bancorp (NASDAQ:FITB) Ratings Coverage

Among 14 analysts covering Fifth Third Bancorp (NASDAQ:FITB), 2 have Buy rating, 1 Sell and 11 Hold. Therefore 14% are positive. Fifth Third Bancorp had 25 analyst reports since December 18, 2017 according to SRatingsIntel. Piper Jaffray maintained it with “Hold” rating and $32.0 target in Tuesday, January 23 report. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Sell” rating by Robert W. Baird on Tuesday, April 24. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Hold” rating given on Monday, December 18 by BMO Capital Markets. Sandler O’Neill maintained Fifth Third Bancorp (NASDAQ:FITB) rating on Tuesday, January 23. Sandler O’Neill has “Hold” rating and $34.0 target. The firm earned “Hold” rating on Tuesday, April 24 by Keefe Bruyette & Woods. The firm has “Reduce” rating given on Monday, May 21 by Nomura. Barclays Capital maintained Fifth Third Bancorp (NASDAQ:FITB) rating on Tuesday, January 2. Barclays Capital has “Hold” rating and $35.0 target. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, January 23 report. Keefe Bruyette & Woods maintained Fifth Third Bancorp (NASDAQ:FITB) on Wednesday, April 4 with “Hold” rating. Bank of America maintained the shares of FITB in report on Wednesday, January 24 with “Neutral” rating.

Fifth Third Bancorp operates as a diversified financial services firm in the United States. The company has market cap of $21.14 billion. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It has a 10.89 P/E ratio. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and foreign exchange and international trade finance, derivatives and capital markets services, asset lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

More notable recent Fifth Third Bancorp (NASDAQ:FITB) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” on June 14, 2018, also Bizjournals.com with their article: “Fifth Third executive to head USF board for another two years” published on June 14, 2018, Benzinga.com published: “Fifth Third Is Worth A Premium Despite Sluggish Loan Growth, Argus Says In Bullish Initiation” on June 14, 2018. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) were released by: Seekingalpha.com and their article: “Fifth Third (FITB) Fifth Third to Acquire MB Financial Conference (Transcript)” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “Fifth Third Bancorp-MB Financial Merger Marks A New Era For US Banks” with publication date: May 23, 2018.

Fifth Third Bancorp (NASDAQ:FITB) Institutional Positions Chart

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