10,077 Shares in Fifth Third Bancorp (FITB) Acquired by Claybrook Capital LLC

Claybrook Capital LLC purchased a new position in Fifth Third Bancorp (NASDAQ:FITB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,077 shares of the financial services provider’s stock, valued at approximately $237,000.

A number of other hedge funds have also bought and sold shares of the business. JOYN Advisors Inc. raised its holdings in Fifth Third Bancorp by 38.6% during the 4th quarter. JOYN Advisors Inc. now owns 1,722 shares of the financial services provider’s stock valued at $41,000 after buying an additional 480 shares during the period. SRS Capital Advisors Inc. raised its holdings in Fifth Third Bancorp by 82.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,080 shares of the financial services provider’s stock valued at $25,000 after buying an additional 487 shares during the period. UMB Bank N A MO raised its holdings in Fifth Third Bancorp by 3.0% during the 4th quarter. UMB Bank N A MO now owns 17,881 shares of the financial services provider’s stock valued at $421,000 after buying an additional 522 shares during the period. M&T Bank Corp raised its holdings in Fifth Third Bancorp by 0.9% during the 4th quarter. M&T Bank Corp now owns 64,313 shares of the financial services provider’s stock valued at $1,513,000 after buying an additional 549 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in Fifth Third Bancorp by 5.8% during the 4th quarter. Mackenzie Financial Corp now owns 17,028 shares of the financial services provider’s stock valued at $401,000 after buying an additional 932 shares during the period. Institutional investors and hedge funds own 82.08% of the company’s stock.

In other news, EVP Frank R. Forrest sold 26,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $26.37, for a total transaction of $685,620.00. Following the transaction, the executive vice president now owns 62,974 shares of the company’s stock, valued at approximately $1,660,624.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.



Shares of Fifth Third Bancorp stock opened at $28.41 on Friday. The firm has a market capitalization of $18.07 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.30 and a beta of 1.33. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.88 and a current ratio of 0.88. Fifth Third Bancorp has a 52 week low of $22.12 and a 52 week high of $34.67.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. Fifth Third Bancorp had a return on equity of 12.34% and a net margin of 27.32%. During the same quarter in the prior year, the company posted $0.48 EPS. On average, equities analysts expect that Fifth Third Bancorp will post 2.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, March 28th. Fifth Third Bancorp’s payout ratio is 34.65%.

FITB has been the topic of several recent research reports. BidaskClub upgraded Fifth Third Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Raymond James set a $30.00 price target on Fifth Third Bancorp and gave the company a “buy” rating in a report on Wednesday, January 23rd. Zacks Investment Research upgraded Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday. Bank of America set a $29.00 price target on Fifth Third Bancorp and gave the company a “hold” rating in a report on Wednesday, January 23rd. Finally, Morgan Stanley decreased their price target on Fifth Third Bancorp from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Fifth Third Bancorp currently has an average rating of “Hold” and an average price target of $31.27.

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Fifth Third Bancorp Profile

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

Further Reading: Sell-Side Analysts

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Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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