Fifth Third Bancorp (NASDAQ:FITB) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC reduced its holdings in Fifth Third Bancorp (NASDAQ:FITB) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 316,262 shares of the financial services provider’s stock after selling 6,829 shares during the quarter. Fifth Third Bancorp accounts for 1.6% of Isthmus Partners LLC’s portfolio, making the stock its 20th largest position. Isthmus Partners LLC’s holdings in Fifth Third Bancorp were worth $13,372,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FITB. Retirement Wealth Solutions LLC acquired a new position in shares of Fifth Third Bancorp during the fourth quarter valued at $25,000. Venturi Wealth Management LLC increased its stake in Fifth Third Bancorp by 89.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 669 shares of the financial services provider’s stock valued at $29,000 after buying an additional 316 shares during the period. Sierra Ocean LLC bought a new stake in shares of Fifth Third Bancorp during the 4th quarter worth about $28,000. BankPlus Trust Department bought a new stake in shares of Fifth Third Bancorp during the 4th quarter worth about $29,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Fifth Third Bancorp in the 3rd quarter worth approximately $36,000. Institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their target price on Fifth Third Bancorp from $45.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Citigroup upped their price objective on Fifth Third Bancorp from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Truist Financial raised their target price on Fifth Third Bancorp from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Barclays boosted their price target on shares of Fifth Third Bancorp from $51.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Piper Sandler restated an “overweight” rating and set a $53.00 price objective (down previously from $54.00) on shares of Fifth Third Bancorp in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.31.

Fifth Third Bancorp Stock Up 0.5 %

Shares of Fifth Third Bancorp stock opened at $40.06 on Monday. Fifth Third Bancorp has a 1 year low of $33.82 and a 1 year high of $49.07. The company has a market cap of $26.66 billion, a P/E ratio of 12.76, a P/E/G ratio of 1.42 and a beta of 1.21. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average price of $43.23 and a 200 day moving average price of $43.81.

Fifth Third Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Tuesday, December 31st. Fifth Third Bancorp’s dividend payout ratio (DPR) is 47.13%.

Insider Buying and Selling

In related news, COO James C. Leonard sold 17,200 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $44.26, for a total transaction of $761,272.00. Following the completion of the sale, the chief operating officer now directly owns 244,487 shares in the company, valued at approximately $10,820,994.62. This trade represents a 6.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin P. Lavender sold 21,700 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $43.55, for a total value of $945,035.00. Following the completion of the transaction, the executive vice president now owns 130,856 shares in the company, valued at $5,698,778.80. This trade represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.