Analysts See $0.57 EPS for Fifth Third Bancorp (FITB)

June 15, 2018 - By Matt Thomas

Fifth Third Bancorp (NASDAQ:FITB) LogoInvestors sentiment decreased to 0.72 in Q1 2018. Its down 0.26, from 0.98 in 2017Q4. It dived, 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.
Marco Invest Management Limited Liability Company has 0.04% invested in Fifth Third Bancorp (NASDAQ:FITB) for 7,500 shares. Altavista Wealth Mngmt, North Carolina-based fund reported 9,199 shares. Goldman Sachs Gru has 6.90M shares for 0.06% of their portfolio. 152,239 are held by Mutual Of America Cap Mngmt Llc. Denver Advsr Ltd has invested 0.11% in Fifth Third Bancorp (NASDAQ:FITB). Blair William And Il stated it has 467,383 shares. Portland Ltd Liability Corp owns 29,109 shares for 0.35% of their portfolio. Williams Jones And Assoc Lc has invested 0.04% in Fifth Third Bancorp (NASDAQ:FITB). 12,890 were accumulated by Wetherby Asset Mgmt Inc. Carret Asset Ltd Liability Co reported 0.37% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Norris Perne And French Llp Mi holds 0.06% or 13,157 shares in its portfolio. Regions Fincl stated it has 0% in Fifth Third Bancorp (NASDAQ:FITB). Raymond James Fin Svcs Advisors reported 0.02% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). M&T Bankshares invested in 62,718 shares. Wealthtrust Axiom Ltd Liability holds 1.71% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 147,637 shares.

Since February 5, 2018, it had 0 buys, and 11 selling transactions for $6.84 million activity. On Wednesday, February 14 McWilliams Jelena sold $64,436 worth of Fifth Third Bancorp (NASDAQ:FITB) or 1,952 shares. BRUMBACK EMERSON L also sold $100,316 worth of Fifth Third Bancorp (NASDAQ:FITB) shares. Another trade for 35,000 shares valued at $1.18M was sold by Leonard James C.. On Wednesday, February 14 the insider Forrest Frank R. sold $960,780. 7,500 Fifth Third Bancorp (NASDAQ:FITB) shares with value of $246,098 were sold by Hazel Mark D. The insider Immaneni Aravind sold $134,400.

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 5.69M 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. The rating was upgraded by Robert W. Baird to “Hold” on Tuesday, May 22. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Neutral” rating by Nomura on Wednesday, April 25. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, April 24 report. Macquarie Research upgraded Fifth Third Bancorp (NASDAQ:FITB) rating on Tuesday, May 22. Macquarie Research has “Hold” rating and $3200 target. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, January 23. The firm has “Reduce” rating by Nomura given on Monday, May 21. Sandler O’Neill maintained Fifth Third Bancorp (NASDAQ:FITB) rating on Tuesday, January 23. Sandler O’Neill has “Hold” rating and $34.0 target. Robert W. Baird maintained Fifth Third Bancorp (NASDAQ:FITB) rating on Tuesday, January 2. Robert W. Baird has “Sell” rating and $29.0 target. Susquehanna maintained the stock with “Hold” rating in Thursday, January 4 report. Morgan Stanley maintained it with “Equal-Weight” rating and $35 target in Friday, January 26 report.

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 (FITB) Fifth Third to Acquire MB Financial Conference (Transcript)” on May 22, 2018, also Seekingalpha.com with their article: “Fifth Third Bancorp-MB Financial Merger Marks A New Era For US Banks” published on May 23, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” on June 14, 2018. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) were released by: Benzinga.com and their article: “Fifth Third Is Worth A Premium Despite Sluggish Loan Growth, Argus Says In Bullish Initiation” published on June 14, 2018 as well as Bizjournals.com‘s news article titled: “Fifth Third executive to head USF board for another two years” with publication date: June 14, 2018.

Fifth Third Bancorp (NASDAQ:FITB) Institutional Positions Chart

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