What’s in Fifth Third Bancorp (NASDAQ:FITB) After Decline in Shorted Shares?

January 19, 2018 - By Clifton Ray

 What’s in Fifth Third Bancorp (NASDAQ:FITB) After Decline in Shorted Shares?

Investors sentiment decreased to 0.65 in Q3 2017. Its down 0.16, from 0.81 in 2017Q2. It worsened, 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.
Fil Ltd holds 0% or 16,112 shares. Bb&T holds 41,703 shares or 0.02% of its portfolio. Moreover, Olstein Management L P has 0.82% invested in Fifth Third Bancorp (NASDAQ:FITB) for 227,000 shares. Delta Asset Mgmt Ltd Tn accumulated 1,226 shares or 0.01% of the stock. Van Hulzen Asset Management Limited holds 41,119 shares. Arizona State Retirement Systems invested 0.15% in Fifth Third Bancorp (NASDAQ:FITB). Lenox Wealth Mgmt Incorporated holds 0.02% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 2,519 shares. Clear Harbor Asset Mngmt Limited Liability Corp has invested 0.06% in Fifth Third Bancorp (NASDAQ:FITB). Leuthold Grp Limited Liability Company stated it has 136,187 shares or 0.38% of all its holdings. Moreover, Jfs Wealth Advsrs Ltd Co has 0.07% invested in Fifth Third Bancorp (NASDAQ:FITB) for 10,053 shares. Eaton Vance Mngmt owns 1.56M shares for 0.11% of their portfolio. 596,560 are owned by Schroder Mgmt Grp. Wetherby Asset Mgmt reported 0.05% stake. Fiera Corporation invested 0% in Fifth Third Bancorp (NASDAQ:FITB). Glg Llc reported 38,456 shares stake.

Since August 18, 2017, it had 0 insider buys, and 2 sales for $616,440 activity. $183,540 worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by Forrest Frank R..

The stock of Fifth Third Bancorp (NASDAQ:FITB) registered a decrease of 4.39% in short interest. FITB’s total short interest was 12.75 million shares in January as published by FINRA. Its down 4.39% from 13.34 million shares, reported previously. With 4.68 million shares average volume, it will take short sellers 3 days to cover their FITB’s short positions.

The stock decreased 0.98% or $0.32 during the last trading session, reaching $32.17. About 4.33 million shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 33.30% since January 19, 2017 and is uptrending. It has outperformed by 16.60% the S&P500.

Fifth Third Bancorp operates as a diversified financial services firm in the United States. The company has market cap of $22.70 billion. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It has a 12.15 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.

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 had 94 analyst reports since July 22, 2015 according to SRatingsIntel. Wedbush maintained the shares of FITB in report on Wednesday, January 25 with “Neutral” rating. The rating was maintained by RBC Capital Markets on Wednesday, October 21 with “Outperform”. On Friday, November 17 the stock rating was downgraded by Macquarie Research to “Underperform”. The firm earned “Equal-Weight” rating on Wednesday, October 5 by Stephens. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Buy” rating given on Thursday, June 22 by RBC Capital Markets. The firm has “Neutral” rating given on Wednesday, April 6 by Sterne Agee CRT. The rating was downgraded by Citigroup on Wednesday, July 22 to “Neutral”. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Buy” rating given on Friday, December 8 by RBC Capital Markets. Compass Point upgraded Fifth Third Bancorp (NASDAQ:FITB) on Wednesday, March 29 to “Buy” rating. Oppenheimer maintained Fifth Third Bancorp (NASDAQ:FITB) rating on Friday, January 22. Oppenheimer has “Outperform” rating and $20 target.

More notable recent Fifth Third Bancorp (NASDAQ:FITB) news were published by: Businesswire.com which released: “Fifth Third Achieves ‘Outstanding’ Community Reinvestment Act (CRA) Rating” on January 10, 2018, also Bizjournals.com with their article: “Fifth Third prospects look brighter, analyst says” published on January 04, 2018, Investorplace.com published: “3 Best Stock Charts for Friday: Fifth Third Bancorp, Goldman Sachs and Citigroup” on January 12, 2018. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) were released by: Ibj.com and their article: “Fifth Third Bancorp announces local executive promotions” published on December 22, 2017 as well as Businesswire.com‘s news article titled: “Kevin Hipskind Named Regional President” with publication date: December 21, 2017.

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