Latest Stocks: Busey Trust CO Has $204,000 Position in Fifth Third Bancorp (FITB)

Latest Stocks: Busey Trust CO Has $204,000 Position in Fifth Third Bancorp (FITB)

Busey Trust CO held its position in Fifth Third Bancorp (NASDAQ:FITB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,035 shares of the financial services provider’s stock at the end of the first quarter. Busey Trust CO’s holdings in Fifth Third Bancorp were worth $204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Focused Wealth Management Inc bought a new stake in shares of Fifth Third Bancorp during the fourth quarter worth about $119,000. Quadrant Capital Group LLC raised its stake in shares of Fifth Third Bancorp by 7.1% in the first quarter. Quadrant Capital Group LLC now owns 5,581 shares of the financial services provider’s stock worth $138,000 after buying an additional 370 shares in the last quarter. Virtus Investment Advisers Inc. bought a new stake in shares of Fifth Third Bancorp during the third quarter worth about $128,000. ARP Americas LLC bought a new stake in shares of Fifth Third Bancorp during the fourth quarter worth about $208,000. Finally, HighPoint Advisor Group LLC purchased a new stake in Fifth Third Bancorp during the third quarter valued at $200,000. 81.97% of the stock is owned by hedge funds and other institutional investors.

Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at 23.70 on Tuesday. The firm has a 50 day moving average price of $24.46 and a 200-day moving average price of $25.97. Fifth Third Bancorp has a 52 week low of $16.14 and a 52 week high of $28.97. The firm has a market capitalization of $17.78 billion, a P/E ratio of 12.40 and a beta of 1.29.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. Fifth Third Bancorp had a return on equity of 10.15% and a net margin of 22.53%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Equities research analysts predict that Fifth Third Bancorp will post $1.78 EPS for the current fiscal year. Several analysts recently weighed in on FITB shares. Zacks Investment Research downgraded Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Monday, February 27th. Hilliard Lyons downgraded Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and set a $27.00 price objective for the company. in a report on Thursday, March 2nd. Evercore ISI downgraded Fifth Third Bancorp from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Rafferty Capital Markets downgraded shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, March 7th. Finally, Compass Point upgraded shares of Fifth Third Bancorp from a “neutral” rating to a “buy” rating in a report on Wednesday, March 29th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Fifth Third Bancorp currently has a consensus rating of “Hold” and a consensus price target of $24.80.

In other Fifth Third Bancorp news, EVP Frank R. Forrest sold 13,321 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $24.63, for a total transaction of $328,096.23. Following the sale, the executive vice president now owns 71,793 shares in the company, valued at $1,768,261.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Teresa J. Tanner sold 54,984 shares of the stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $24.88, for a total value of $1,368,001.92. Following the sale, the chief accounting officer now owns 41,286 shares in the company, valued at $1,027,195.68. The disclosure for this sale can be found here. Insiders have sold 109,315 shares of company stock worth $2,716,947 in the last 90 days. 0.99% of the stock is currently owned by insiders. About Fifth Third Bancorp

Related posts

Leave a Comment