Fifth Third Bancorp (FITB) Analysts See $0.57 EPS

June 21, 2018 - By Clifton Ray

Fifth Third Bancorp (NASDAQ:FITB) LogoInvestors sentiment decreased to 0.72 in Q1 2018. Its down 0.26, from 0.98 in 2017Q4. It fall, 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.
Toronto Dominion Retail Bank reported 374,803 shares. Ameriprise Financial Inc has 4.49M shares. Smith Asset Mngmt Grp Incorporated Limited Partnership has invested 0% in Fifth Third Bancorp (NASDAQ:FITB). Macnealy Hoover Investment Mngmt invested in 1.47% or 58,128 shares. 2.02 million are owned by Wedge Capital Mngmt L Limited Partnership Nc. Mcf Advisors Limited Liability Company has invested 0.02% in Fifth Third Bancorp (NASDAQ:FITB). 42,400 are owned by Louisiana State Employees Retirement Sys. Lombard Odier Asset Mgmt (Europe) reported 8,375 shares. Greenwood Cap Assoc Ltd Llc has invested 0.09% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). 2.63M were accumulated by Schwab Charles Investment. Reinhart Ptnrs Incorporated stated it has 529,289 shares or 1.73% of all its holdings. Cornercap Counsel owns 35,575 shares. Commonwealth Bancorp Of has 129,651 shares. Old Second Bank & Trust Of Aurora has invested 0.06% in Fifth Third Bancorp (NASDAQ:FITB). Carroll Assocs Inc reported 0.04% in Fifth Third Bancorp (NASDAQ:FITB).

Since February 5, 2018, it had 0 buys, and 11 selling transactions for $6.84 million activity. The insider McWilliams Jelena sold $64,436. 29,508 shares valued at $960,780 were sold by Forrest Frank R. on Wednesday, February 14. $134,400 worth of Fifth Third Bancorp (NASDAQ:FITB) shares were sold by Immaneni Aravind. The insider CARMICHAEL GREG D sold 87,613 shares worth $2.84 million. BRUMBACK EMERSON L also sold $100,316 worth of Fifth Third Bancorp (NASDAQ:FITB) shares. 16,485 Fifth Third Bancorp (NASDAQ:FITB) shares with value of $530,570 were sold by ANDERSON LARS C.

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 $386.42 million giving it 13.47 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 increased 0.46% or $0.14 during the last trading session, reaching $30.71. About 6.47M shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 28.16% since June 21, 2017 and is uptrending. It has outperformed by 15.59% the S&P500.

Fifth Third Bancorp (NASDAQ:FITB) Ratings Coverage

Among 15 analysts covering Fifth Third Bancorp (NASDAQ:FITB), 3 have Buy rating, 1 Sell and 11 Hold. Therefore 20% are positive. Fifth Third Bancorp had 25 analyst reports since December 21, 2017 according to SRatingsIntel. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Equal-Weight” rating given on Monday, April 30 by Morgan Stanley. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, January 26. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Neutral” rating by Nomura on Wednesday, April 25. On Wednesday, April 4 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Neutral” rating by Bank of America given on Wednesday, January 24. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Sell” rating by Robert W. Baird on Tuesday, January 2. The stock has “Hold” rating by Susquehanna on Tuesday, January 23. The company was maintained on Tuesday, April 24 by Robert W. Baird. As per Monday, May 21, the company rating was downgraded by Nomura. The rating was upgraded by Robert W. Baird on Tuesday, May 22 to “Hold”.

Fifth Third Bancorp operates as a diversified financial services firm in the United States. The company has market cap of $20.82 billion. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It has a 8.96 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 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 published the news titled: “Fifth Third Is Worth A Premium Despite Sluggish Loan Growth, Argus Says In Bullish Initiation” on June 14, 2018. Seekingalpha.com‘s news article titled: “Fifth Third (FITB) Fifth Third to Acquire MB Financial Conference (Transcript)” with publication date: May 22, 2018 was also an interesting one.

Fifth Third Bancorp (NASDAQ:FITB) Institutional Positions Chart

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