Keybank National Association OH Has $2.85 Million Position in Fifth Third Bancorp (FITB)

Keybank National Association OH reduced its stake in Fifth Third Bancorp (NASDAQ:FITB) by 11.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 101,984 shares of the financial services provider’s stock after selling 13,302 shares during the quarter. Keybank National Association OH’s holdings in Fifth Third Bancorp were worth $2,854,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. raised its position in Fifth Third Bancorp by 0.3% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 6,491 shares of the financial services provider’s stock valued at $168,000 after buying an additional 17 shares during the last quarter. Bollard Group LLC raised its position in Fifth Third Bancorp by 0.6% in the 2nd quarter. Bollard Group LLC now owns 17,906 shares of the financial services provider’s stock valued at $465,000 after buying an additional 102 shares during the last quarter. Commerce Bank raised its position in Fifth Third Bancorp by 1.0% in the 2nd quarter. Commerce Bank now owns 16,552 shares of the financial services provider’s stock valued at $430,000 after buying an additional 166 shares during the last quarter. Wesbanco Bank Inc. raised its position in Fifth Third Bancorp by 0.6% in the 2nd quarter. Wesbanco Bank Inc. now owns 32,103 shares of the financial services provider’s stock valued at $833,000 after buying an additional 200 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Fifth Third Bancorp by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the financial services provider’s stock valued at $1,207,000 after buying an additional 400 shares during the last quarter. 82.72% of the stock is owned by institutional investors and hedge funds.

Shares of Fifth Third Bancorp (NASDAQ FITB) opened at $28.01 on Friday. The stock has a market capitalization of $19,967.95, a PE ratio of 15.72, a P/E/G ratio of 2.34 and a beta of 1.34. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.89 and a current ratio of 0.89. Fifth Third Bancorp has a 1-year low of $23.09 and a 1-year high of $29.39.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%. During the same quarter in the prior year, the firm posted $0.65 EPS. analysts expect that Fifth Third Bancorp will post 1.8 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a dividend of $0.16 per share. This is a boost from Fifth Third Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, September 28th. This represents a $0.64 dividend on an annualized basis and a yield of 2.28%. Fifth Third Bancorp’s dividend payout ratio is 23.97%.

A number of research firms recently commented on FITB. BidaskClub lowered Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Nomura increased their price target on Fifth Third Bancorp from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, September 28th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $27.50 price target on shares of Fifth Third Bancorp in a research report on Friday, July 14th. Robert W. Baird downgraded Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and set a $24.00 price objective for the company. in a research note on Monday, October 2nd. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $27.00 price objective on shares of Fifth Third Bancorp in a research note on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and two have given a buy rating to the company’s stock. Fifth Third Bancorp has an average rating of “Hold” and a consensus price target of $28.33.

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In related news, EVP Frank R. Forrest sold 7,004 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $26.21, for a total transaction of $183,574.84. Following the sale, the executive vice president now owns 71,793 shares of the company’s stock, valued at approximately $1,881,694.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Spence sold 15,000 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $28.86, for a total value of $432,900.00. Following the sale, the executive vice president now directly owns 154,577 shares in the company, valued at approximately $4,461,092.22. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

About Fifth Third Bancorp

Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States.

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

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