Fifth Third Bancorp (FITB) : Founders Financial Securities scooped up 3,817 additional shares in Fifth Third Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 183,375 shares of Fifth Third Bancorp which is valued at $3,240,236.Fifth Third Bancorp makes up approximately 1.51% of Founders Financial Securities’s portfolio.
Fifth Third Bancorp closed down -0.06 points or -0.34% at $17.67 with 74,61,217 shares getting traded on Friday. Post opening the session at $17.75, the shares hit an intraday low of $17.59 and an intraday high of $17.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Lynch Associatesin reduced its stake in FITB by selling 930 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 28,126 shares of FITB which is valued at $496,986. Fifth Third Bancorp makes up approx 0.23% of Lynch Associatesin’s portfolio. Charter Trust Co added FITB to its portfolio by purchasing 12,918 company shares during the most recent quarter which is valued at $212,243. Fifth Third Bancorp makes up approx 0.03% of Charter Trust Co’s portfolio.Partnerre Asset Management Corp reduced its stake in FITB by selling 100 shares or 1.86% in the most recent quarter. The Hedge Fund company now holds 5,282 shares of FITB which is valued at $86,783. Fifth Third Bancorp makes up approx 0.05% of Partnerre Asset Management Corp’s portfolio.Chevy Chase Trust Holdings boosted its stake in FITB in the latest quarter, The investment management firm added 6,097 additional shares and now holds a total of 662,786 shares of Fifth Third Bancorp which is valued at $10,889,574. Fifth Third Bancorp makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.
On the company’s financial health, Fifth Third Bancorp reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.39 according to the earnings call on Jan 21, 2016. Analyst had a consensus of $0.40.Analysts expectations of $ 1578.43.During the same quarter in the previous year, the company posted $0.43 EPS.
Many Wall Street Analysts have commented on Fifth Third Bancorp. Fifth Third Bancorp was Downgraded by Sterne Agee CRT to ” Neutral” on Apr 6, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 22, 2016 to “Outperform” and Lowered the Price Target to $ 20 from a previous price target of $23 .Shares were Reiterated by Oppenheimer on Jan 22, 2016 to “Outperform” and Lowered the Price Target to $ 20 from a previous price target of $24 .
Fifth Third Bancorp is a bank holding company. The Companys subsidiary Fifth Third Bank provide a range of financial products and services to the retail commercial financial governmental educational and medical sectors and credit products such as credit cards installment loans mortgage loans and leases. The Company operates in four business segments: Commercial Banking Branch Banking Consumer Lending and Investment Advisors. Commercial Banking offers credit intermediation cash management and financial services to market businesses and Government and professional customers. Branch Banking provides a range of deposit and loan and lease products to individuals and businesses through approximately 1302 Banking Centers. Consumer Lending includes its mortgage home equity automobile and other indirect lending activities. Investment Advisors provides a range of investment alternatives for individuals companies and not-for-profit organizations.