Fifth Third Bancorp (FITB) EPS Estimated At $0.57

June 15, 2018 - By Hazel Jackson

Fifth Third Bancorp (NASDAQ:FITB) LogoInvestors sentiment decreased to 0.72 in Q1 2018. Its down 0.26, from 0.98 in 2017Q4. It dropped, 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.
Asset One owns 1.17M shares. The Virginia-based Bb&T Securities Ltd Liability Corporation has invested 0.01% in Fifth Third Bancorp (NASDAQ:FITB). Carnegie Asset Mngmt Ltd, Ohio-based fund reported 9,509 shares. Apg Asset Mgmt Nv holds 2.33 million shares or 0.12% of its portfolio. Umb National Bank & Trust N A Mo stated it has 17,359 shares or 0.02% of all its holdings. Alliancebernstein L P has invested 0.03% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Menta Cap Ltd Llc accumulated 0.31% or 45,749 shares. Fjarde Ap owns 192,273 shares. Fort Washington Advsrs Inc Oh invested in 705,164 shares or 0.23% of the stock. Ibm Retirement Fund reported 15,317 shares. Moody Bank Trust Division has invested 0.03% in Fifth Third Bancorp (NASDAQ:FITB). Savant Capital Ltd Liability Com reported 17,052 shares. D E Shaw Inc holds 975,477 shares or 0.04% of its portfolio. Matarin Management Ltd Liability Corporation invested in 0% or 116,530 shares. Gradient Invests Lc holds 784 shares or 0% of its portfolio.

Since February 5, 2018, it had 0 insider buys, and 11 insider sales for $6.84 million activity. 3,000 shares were sold by BRUMBACK EMERSON L, worth $100,316 on Monday, March 5. Hoover Jewell D sold $119,895 worth of stock or 3,700 shares. 7,500 shares were sold by Hazel Mark D, worth $246,098 on Monday, February 5. Another trade for 35,000 shares valued at $1.18M was sold by Leonard James C.. 16,485 shares valued at $530,570 were sold by ANDERSON LARS C on Tuesday, February 13. $2.84M worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by CARMICHAEL GREG D on Tuesday, February 13.

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. Susquehanna maintained the shares of FITB in report on Thursday, January 4 with “Hold” rating. The rating was maintained by Susquehanna with “Hold” on Tuesday, April 24. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, April 24. The company was maintained on Tuesday, April 24 by Robert W. Baird. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Hold” rating by BMO Capital Markets on Tuesday, January 23. As per Monday, April 30, the company rating was maintained by Morgan Stanley. Jefferies maintained it with “Hold” rating and $3300 target in Wednesday, April 4 report. BMO Capital Markets maintained it with “Hold” rating and $33.0 target in Monday, December 18 report. Nomura maintained it with “Neutral” rating and $36 target in Wednesday, April 25 report. Sandler O’Neill maintained Fifth Third Bancorp (NASDAQ:FITB) rating on Tuesday, January 23. Sandler O’Neill has “Hold” rating and $34.0 target.

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: Seekingalpha.com which released: “Fifth Third Bancorp-MB Financial Merger Marks A New Era For US Banks” on May 23, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” published on June 14, 2018, Investorplace.com published: “3 Low-Cost Bank Stocks Helping to Move the Market Higher” on June 12, 2018. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) were released by: Bizjournals.com and their article: “Fifth Third executive to head USF board for another two years” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Fifth Third (FITB) Fifth Third to Acquire MB Financial Conference (Transcript)” with publication date: May 22, 2018.

Fifth Third Bancorp (NASDAQ:FITB) Institutional Positions Chart

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