New Hampshire Trust Has $425,000 Stock Holdings in Fifth Third Bancorp $FITB

New Hampshire Trust increased its holdings in Fifth Third Bancorp (NASDAQ:FITB) by 7.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,342 shares of the financial services provider’s stock after purchasing an additional 727 shares during the period. New Hampshire Trust’s holdings in Fifth Third Bancorp were worth $425,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management raised its position in Fifth Third Bancorp by 1,043.3% in the second quarter. Activest Wealth Management now owns 686 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 626 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Fifth Third Bancorp during the first quarter worth approximately $27,000. Larson Financial Group LLC increased its holdings in shares of Fifth Third Bancorp by 91.3% during the first quarter. Larson Financial Group LLC now owns 748 shares of the financial services provider’s stock worth $29,000 after buying an additional 357 shares in the last quarter. BankPlus Trust Department increased its holdings in shares of Fifth Third Bancorp by 53.0% during the second quarter. BankPlus Trust Department now owns 837 shares of the financial services provider’s stock worth $34,000 after buying an additional 290 shares in the last quarter. Finally, Citizens National Bank Trust Department acquired a new stake in shares of Fifth Third Bancorp during the first quarter worth approximately $39,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FITB shares. Evercore ISI raised their price objective on shares of Fifth Third Bancorp from $45.00 to $49.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Wolfe Research increased their price target on shares of Fifth Third Bancorp from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. UBS Group increased their price target on shares of Fifth Third Bancorp from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods increased their price target on shares of Fifth Third Bancorp from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Tuesday, October 7th. Finally, Citigroup increased their price target on shares of Fifth Third Bancorp from $47.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.45.

Insider Activity at Fifth Third Bancorp

In related news, Director Evan Bayh acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The shares were acquired at an average cost of $41.22 per share, for a total transaction of $123,660.00. Following the completion of the acquisition, the director directly owned 84,942 shares in the company, valued at approximately $3,501,309.24. The trade was a 3.66% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by insiders.

Fifth Third Bancorp Price Performance

Shares of FITB stock opened at $42.63 on Friday. Fifth Third Bancorp has a 52-week low of $32.25 and a 52-week high of $49.07. The stock has a market cap of $28.22 billion, a PE ratio of 12.73, a PEG ratio of 1.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50 day moving average price is $44.25 and its two-hundred day moving average price is $41.10.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings data on Friday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. Fifth Third Bancorp had a net margin of 18.67% and a return on equity of 13.41%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the firm earned $0.78 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts forecast that Fifth Third Bancorp will post 3.68 EPS for the current year.

Fifth Third Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, September 30th. This is a positive change from Fifth Third Bancorp’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.8%. Fifth Third Bancorp’s dividend payout ratio (DPR) is 47.76%.

About Fifth Third Bancorp

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.