Long Term Technical picture - Fifth Third Bancorp (FITB)

Adjust Comment Print

Over the last ninety days, insiders have sold 16,036 shares of company stock worth $520,223. The institutional investor held 2.41 million shares of the telecommunications equipment company at the end of 2017Q3, valued at $94.30M, up from 2.34M at the end of the previous reported quarter. Destination Wealth Management who had been investing in Mastercard Incorporated for a number of months, seems to be less bullish one the $179.31B market cap company. There is no guarantee that when share prices reach a 52 week low, the stock will begin to trade higher - it could break down to an even lower level. Comparatively, FITB is -5.51% relative to its price target of 34.13. Fifth Third Bancorp has a fifty-two week low of $23.20 and a fifty-two week high of $33.91. It has outperformed by 7.46% the S&P500.

Investors sentiment decreased to 0.65 in Q3 2017. Its down 0.16, from 0.81 in 2017Q2.

Want to see what other hedge funds are holding FITB? 48 funds opened positions while 134 raised stakes. 779.91 million shares or 1.33% less from 790.40 million shares in 2017Q2 were reported. Manchester Capital Ltd stated it has 2,945 shares or 0.01% of all its holdings. The stock price moved -4.90% off its 50 Day low and changed 9.32% to its 50 Day high.

Capital Investment Advisory Services LLC acquired a new stake in Fifth Third Bancorp (NASDAQ:FITB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.


Afam Capital Inc. increased its position in shares of Fifth Third Bancorp (NASDAQ:FITB) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). California-based Symphony Asset Mngmt Limited Liability Company has invested 0.04% in Fifth Third Bancorp (NASDAQ:FITB). Marathon Asset Mgmt Llp accumulated 133,959 shares. D E Shaw & Com Incorporated owns 45,720 shares or 0% of their USA portfolio. Wells Fargo Communication Mn holds 0.05% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 6.02 million shares. Stockholders of record on Friday, December 29th were paid a dividend of $0.16 per share.

A number of brokerages have weighed in on FITB. For the Current month, 4 analysts have assigned this stock as Buy where 4 assigned Outperform, 4 analysts believe it's a Hold, 1 said Underperform and only 1 assigned Sell rating. Therefore 90% are positive. The firm has "Buy" rating given on Thursday, February 1 by Guggenheim. Forrest Frank R. also sold $183,540 worth of Fifth Third Bancorp (NASDAQ:FITB) on Friday, August 18. The firm has "Mkt Perform" rating by FBR Capital given on Friday, July 22. The company was maintained on Tuesday, June 13 by BMO Capital Markets. As per Wednesday, January 24, the company rating was maintained by Bank of America. The company now has an average rating of "Hold" and an average target price of $30.70. BidaskClub upgraded shares of Fifth Third Bancorp from a "hold" rating to a "buy" rating in a research report on Friday, December 22nd. The firm has "Neutral" rating by Wedbush given on Wednesday, January 25.

Seizert Capital Partners Llc decreased its stake in Fifth Third Bancorp Com (FITB) by 0.69% based on its latest 2017Q3 regulatory filing with the SEC.

Since August 18, 2017, it had 0 insider purchases, and 2 sales for $678,998 activity. Hazel Mark D sold $246,098 worth of Fifth Third Bancorp (NASDAQ:FITB) on Monday, February 5.


Opus Investment Management Inc decreased Vanguard (VEA) stake by 219,400 shares to 1.47 million valued at $64.03 million in 2017Q3. It also reduced its holding in Merck & Co Inc (NYSE:MRK) by 2.33M shares in the quarter, leaving it with 9.73 million shares, and cut its stake in Cigna Corporation (NYSE:CI).

Investors sentiment increased to 1.17 in 2017 Q3. Its up 0.39, from 0.73 in 2017Q2. Shares for $432,900 were sold by Spence Timothy on Thursday, October 26. State Common Retirement Fund owns 12,900 shares. Horan Ltd holds 0.06% or 3,634 shares in its portfolio. (NYSE:T). Founders Cap Management Ltd Liability reported 234,667 shares. Olstein Cap Mgmt Limited Partnership owns 227,000 shares. New York-based Morgan Stanley has invested 0% in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS). (NASDAQ:HAIN) for 8.22 million shares. (NASDAQ:AAL) at the moment has a 10-month price index of -. Fny Managed Accounts Lc has invested 0.12% in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS). Following the transaction, the senior vice president now directly owns 62,254 shares in the company, valued at $2,042,553.74. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1.42M shares. 47,325 are held by Suntrust Banks Inc.

The consensus recommendation - averaging the work of 27 analysts - of 2.3 for Total System Services, Inc.

For the current Fiscal Quarter, 9 analysts on average are expecting earnings of $0.07 per share. The difference between the actual and Estimated EPS is $-0.27. The financial services provider reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.05.


Among 33 analysts covering Fifth Third (NASDAQ:FITB), 6 have Buy rating, 3 Sell and 24 Hold. Therefore 0 are positive. Lockheed Martin Corporation had 81 analyst reports since July 21, 2015 according to SRatingsIntel. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. On Thursday, August 20 the stock rating was maintained by S&P Research with "Buy". The firm has "Neutral" rating by Compass Point given on Monday, December 7.

Comments