Fifth Third Bancorp (FITB) EPS Estimated At $0.48

January 22, 2018 - By Adrian Mccoy

 Fifth Third Bancorp (FITB) EPS Estimated At $0.48
Investors sentiment decreased to 0.65 in 2017 Q3. Its down 0.16, from 0.81 in 2017Q2. It turned negative, as 45 investors sold Fifth Third Bancorp shares while 234 reduced holdings. 48 funds opened positions while 134 raised stakes. 575.67 million shares or 0.33% more from 573.75 million shares in 2017Q2 were reported.
Creative Planning reported 0.01% in Fifth Third Bancorp (NASDAQ:FITB). Macquarie Grp Limited reported 0.02% stake. Tocqueville Asset Mgmt L P holds 0.01% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 19,917 shares. Morgan Stanley, New York-based fund reported 3.29 million shares. 1.95 million were accumulated by Guggenheim Ltd Liability Com. Sadoff Invest Ltd Company invested 2.83% in Fifth Third Bancorp (NASDAQ:FITB). Main Street Research Ltd Liability Co accumulated 461,655 shares. Riverpoint Cap Ltd Liability Corp invested in 0.03% or 16,762 shares. Sii Inc Wi accumulated 11,960 shares. 66,860 are held by World Asset. Comerica Fincl Bank owns 351,996 shares. Chemical Bankshares stated it has 0.24% in Fifth Third Bancorp (NASDAQ:FITB). Reinhart Prtnrs Inc invested in 738,331 shares. Altrinsic Global Advsrs Ltd Liability accumulated 25,000 shares. Ferguson Wellman Cap invested in 13,220 shares.

Since August 18, 2017, it had 0 insider purchases, and 2 insider sales for $616,440 activity. On Thursday, October 26 the insider Spence Timothy sold $432,900.

Analysts expect Fifth Third Bancorp (NASDAQ:FITB) to report $0.48 EPS on January, 23 before the open.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.48 EPS. FITB’s profit would be $338.67 million giving it 16.93 P/E if the $0.48 EPS is correct. After having $0.48 EPS previously, Fifth Third Bancorp’s analysts see 0.00 % EPS growth. The stock increased 1.03% or $0.33 during the last trading session, reaching $32.5. About 5.42M shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 33.30% since January 22, 2017 and is uptrending. It has outperformed by 16.60% the S&P500.

Fifth Third Bancorp (NASDAQ:FITB) Ratings Coverage

Among 33 analysts covering Fifth Third (NASDAQ:FITB), 6 have Buy rating, 3 Sell and 24 Hold. Therefore 18% are positive. Fifth Third has $35.0 highest and $16 lowest target. $26.93’s average target is -17.14% below currents $32.5 stock price. Fifth Third had 94 analyst reports since July 22, 2015 according to SRatingsIntel. Nomura downgraded the shares of FITB in report on Monday, October 10 to “Reduce” rating. RBC Capital Markets maintained Fifth Third Bancorp (NASDAQ:FITB) rating on Wednesday, October 25. RBC Capital Markets has “Buy” rating and $31.0 target. On Friday, May 26 the stock rating was maintained by BMO Capital Markets with “Hold”. The firm has “Hold” rating by BMO Capital Markets given on Friday, December 8. As per Thursday, August 20, the company rating was initiated by Sterne Agee CRT. The rating was maintained by Oppenheimer with “Outperform” on Friday, January 22. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Neutral” rating given on Wednesday, January 25 by Macquarie Research. The company was upgraded on Wednesday, August 26 by Bernstein. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, December 13. The firm has “Neutral” rating by Citigroup given on Wednesday, July 22.

Fifth Third Bancorp operates as a diversified financial services firm in the United States. The company has market cap of $22.93 billion. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It has a 12.27 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: Bizjournals.com which released: “Deal watch: Why this regional player could be Nashville’s next bank buyer” on January 12, 2018, also Nasdaq.com with their article: “Fifth Third Bancorp Reaches Analyst Target Price” published on January 10, 2018, Bizjournals.com published: “Regional banks award $325K to Charlotte organizations” on January 19, 2018. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) were released by: Bizjournals.com and their article: “Fifth Third prospects look brighter, analyst says” published on January 04, 2018 as well as Businesswire.com‘s news article titled: “Fifth Third to Debut New Daytona International Speedway┬« Debit Card” with publication date: January 11, 2018.

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