Are Analysts Bullish Fifth Third Bancorp (NASDAQ:FITB) After Last Week?

February 17, 2018 - By sdfsdfsdf

 Are Analysts Bullish Fifth Third Bancorp (NASDAQ:FITB) After Last Week?
Investors sentiment decreased to 0.65 in 2017 Q3. Its down 0.16, from 0.81 in 2017Q2. It is 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.
Cullinan Assocs has 71,140 shares. Manufacturers Life Insur The holds 2.76M shares. Raymond James Na reported 16,103 shares. Macnealy Hoover Invest Mgmt holds 1.25% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 62,316 shares. City Holding owns 0.02% invested in Fifth Third Bancorp (NASDAQ:FITB) for 3,166 shares. Conning Inc accumulated 0.02% or 22,864 shares. Fmr Limited Com reported 0% stake. Delta Asset Limited Liability Tn holds 0.01% in Fifth Third Bancorp (NASDAQ:FITB) or 1,226 shares. Advsr Incorporated Ok stated it has 0.08% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Moreover, Citadel Advisors Ltd Liability Company has 0% invested in Fifth Third Bancorp (NASDAQ:FITB). Twin Capital Mgmt owns 44,611 shares. Mitsubishi Ufj &, Japan-based fund reported 1.51M shares. Oakbrook Investments Ltd Llc holds 50,711 shares or 0.09% of its portfolio. Motco stated it has 598 shares or 0% of all its holdings. The United Kingdom-based Gulf International Bancorp (Uk) Ltd has invested 0.09% in Fifth Third Bancorp (NASDAQ:FITB).

Since August 18, 2017, it had 0 buys, and 2 insider sales for $678,998 activity. 15,000 shares valued at $432,900 were sold by Spence Timothy on Thursday, October 26. Another trade for 7,004 shares valued at $183,540 was sold by Forrest Frank R..

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 had 103 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Outperform” rating given on Monday, May 16 by Wood. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Mkt Perform” rating by Bernstein on Wednesday, August 26. As per Thursday, August 10, the company rating was maintained by Wells Fargo. BMO Capital Markets maintained the shares of FITB in report on Friday, July 21 with “Hold” rating. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, December 13. The company was maintained on Tuesday, January 23 by Piper Jaffray. Compass Point downgraded Fifth Third Bancorp (NASDAQ:FITB) on Friday, November 18 to “Neutral” rating. The firm has “Hold” rating given on Thursday, June 8 by Jefferies. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Hold” rating given on Sunday, July 23 by Keefe Bruyette & Woods. The rating was maintained by Sandler O’Neill on Tuesday, January 23 with “Hold”. Below is a list of Fifth Third Bancorp (NASDAQ:FITB) latest ratings and price target changes.

26/01/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $34 New Target: $35 Maintain
24/01/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $35.0 Maintain
24/01/2018 Broker: RBC Capital Markets Rating: Buy New Target: $37.0 Maintain
23/01/2018 Broker: Piper Jaffray Rating: Hold New Target: $32.0 Maintain
23/01/2018 Broker: Jefferies Rating: Hold New Target: $34.0 Maintain
23/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $36.0 Maintain
23/01/2018 Broker: Sandler O’Neill Rating: Hold New Target: $34.0 Maintain
23/01/2018 Broker: Susquehanna Rating: Hold New Target: $35.0 Maintain
24/01/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $32 New Target: $35 Maintain
08/01/2018 Broker: Vining Sparks Rating: Buy New Target: $35.0

The stock decreased 0.21% or $0.07 during the last trading session, reaching $33.13. About 6.87M shares traded or 17.71% up from the average. Fifth Third Bancorp (NASDAQ:FITB) has risen 33.30% since February 17, 2017 and is uptrending. It has outperformed by 16.60% the S&P500.

Fifth Third Bancorp operates as a diversified financial services firm in the United States. The company has market cap of $22.99 billion. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It has a 11.71 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: Businesswire.com which released: “Fifth Third Announces Fourth Quarter 2017 Net Income to Common Shareholders of …” on January 23, 2018, also Bizjournals.com with their article: “EXCLUSIVE: Fifth Third investment advisory chief stepping down for US Senate run” published on February 13, 2018, Nasdaq.com published: “The Zacks Analyst Blog Highlights: Wells Fargo, Fifth Third Bancorp and Citigroup” on February 12, 2018. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) were released by: Bizjournals.com and their article: “Fifth Third hires division chief from Australian bank” published on February 12, 2018 as well as Nasdaq.com‘s news article titled: “Fifth Third Bancorp Reaches Analyst Target Price” with publication date: February 15, 2018.

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