Analysts See $0.48 EPS for Fifth Third Bancorp (FITB)

January 22, 2018 - By Ellis Scott

 Analysts See $0.48 EPS for Fifth Third Bancorp (FITB)
Investors sentiment decreased to 0.65 in Q3 2017. Its down 0.16, from 0.81 in 2017Q2. It fall, 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.
The United Kingdom-based Pictet Asset Mgmt Limited has invested 0.03% in Fifth Third Bancorp (NASDAQ:FITB). Natl Registered Advisor owns 0.26% invested in Fifth Third Bancorp (NASDAQ:FITB) for 18,448 shares. Willingdon Wealth Management holds 0% or 32 shares in its portfolio. Denali Ltd Liability Corporation holds 0.39% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 84,300 shares. State Street Corporation has 0.1% invested in Fifth Third Bancorp (NASDAQ:FITB). Cibc accumulated 107,320 shares. Symphony Asset Limited Liability Corporation holds 0.04% in Fifth Third Bancorp (NASDAQ:FITB) or 12,199 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.05% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 176,534 shares. Pggm Invs holds 331,750 shares or 0.05% of its portfolio. Srb Corp reported 6,731 shares stake. Grantham Mayo Van Otterloo & Company Limited Liability Corp stated it has 0.02% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Da Davidson invested 0.02% in Fifth Third Bancorp (NASDAQ:FITB). Los Angeles Cap Mgmt And Equity Rech accumulated 425,655 shares. Raymond James Na reported 16,103 shares or 0.03% of all its holdings. Dekabank Deutsche Girozentrale holds 0.01% or 66,803 shares.

Since August 18, 2017, it had 0 buys, and 2 sales for $616,440 activity. On Friday, August 18 Forrest Frank R. sold $183,540 worth of Fifth Third Bancorp (NASDAQ:FITB) or 7,004 shares.

Analysts expect Fifth Third Bancorp (NASDAQ:FITB) to report $0.48 EPS on January, 23 before the open.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.48 EPS. FITB’s profit would be $338.67 million giving it 16.93 P/E if the $0.48 EPS is correct. After having $0.48 EPS previously, Fifth Third Bancorp’s analysts see 0.00 % EPS growth. The stock increased 1.03% or $0.33 during the last trading session, reaching $32.5. About 5.42 million shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 33.30% since January 22, 2017 and is uptrending. It has outperformed by 16.60% the S&P500.

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 has $35.0 highest and $16 lowest target. $26.93’s average target is -17.14% below currents $32.5 stock price. Fifth Third had 94 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by Oppenheimer on Friday, July 21. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Neutral” rating given on Monday, June 6 by Citigroup. On Wednesday, November 16 the stock rating was downgraded by Bernstein to “Mkt Perform”. The rating was maintained by Morgan Stanley on Wednesday, December 13 with “Equal-Weight”. The rating was downgraded by Sandler O’Neill to “Hold” on Monday, January 4. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Sell” rating by UBS on Friday, October 6. The company was downgraded on Wednesday, January 11 by UBS. On Sunday, July 23 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. BMO Capital Markets maintained Fifth Third Bancorp (NASDAQ:FITB) rating on Tuesday, October 3. BMO Capital Markets has “Hold” rating and $29.0 target. The firm earned “Outperform” rating on Wednesday, October 21 by Oppenheimer.

Fifth Third Bancorp operates as a diversified financial services firm in the United States. The company has market cap of $22.93 billion. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It has a 12.27 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: Bizjournals.com which released: “Fifth Third prospects look brighter, analyst says” on January 04, 2018, also Nasdaq.com with their article: “Fifth Third Bancorp Reaches Analyst Target Price” published on January 10, 2018, Bizjournals.com published: “Regional banks award $325K to Charlotte organizations” on January 19, 2018. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) were released by: Investorplace.com and their article: “3 Best Stock Charts for Friday: Fifth Third Bancorp, Goldman Sachs and Citigroup” published on January 12, 2018 as well as Nasdaq.com‘s news article titled: “Fifth Third Bancorp (FITB) Ex-Dividend Date Scheduled for December 28, 2017” with publication date: December 27, 2017.

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