Hunter Perkins Capital Management LLC Has $1.23 Million Stake in Fifth Third Bancorp (NASDAQ:FITB)

Hunter Perkins Capital Management LLC cut its holdings in shares of Fifth Third Bancorp (NASDAQ:FITB) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,965 shares of the financial services provider’s stock after selling 2,455 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Fifth Third Bancorp were worth $1,232,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Fifth Third Bancorp by 33.9% in the fourth quarter. Blue Trust Inc. now owns 9,035 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 2,286 shares during the last quarter. Stablepoint Partners LLC grew its stake in Fifth Third Bancorp by 0.3% in the 4th quarter. Stablepoint Partners LLC now owns 108,960 shares of the financial services provider’s stock valued at $4,607,000 after buying an additional 299 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Fifth Third Bancorp by 4.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 5,475 shares of the financial services provider’s stock valued at $231,000 after buying an additional 246 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Fifth Third Bancorp by 16.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,861 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 261 shares during the period. Finally, CX Institutional lifted its position in Fifth Third Bancorp by 4.3% during the fourth quarter. CX Institutional now owns 7,301 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 303 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Fifth Third Bancorp Trading Up 0.8 %

Shares of FITB stock opened at $44.18 on Monday. Fifth Third Bancorp has a fifty-two week low of $32.29 and a fifty-two week high of $49.07. The stock’s fifty day moving average price is $44.72 and its two-hundred day moving average price is $43.18. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 0.80. The company has a market cap of $29.62 billion, a PE ratio of 14.07, a P/E/G ratio of 1.91 and a beta of 1.24.

Fifth Third Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, December 31st. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 47.13%.

Analysts Set New Price Targets

FITB has been the topic of a number of recent research reports. DA Davidson increased their target price on Fifth Third Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday. Barclays upped their price objective on Fifth Third Bancorp from $51.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted 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. Morgan Stanley upped their price target on shares of Fifth Third Bancorp from $47.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, September 30th. Finally, Baird R W cut shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Fifth Third Bancorp currently has a consensus rating of “Hold” and a consensus target price of $46.75.

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.