Featured Stock to Focus: Fifth Third Bancorp (FITB)

Marco Green
November 19, 2017

Therefore 38% are positive. The hedge fund run by Daniel Beltzman held 272,221 shares of the home furnishings company at the end of 2017Q2, valued at $9.66 million, down from 537,221 at the end of the previous reported quarter. The stock now has a consensus rating of "Hold" and a consensus target price of $22.38. The company was maintained on Thursday, September 28 by KeyBanc Capital Markets.

Fifth Third Bancorp is a bank holding firm and a financial holding company. Robert W. Baird lowered shares of Fifth Third Bancorp from a neutral rating to an underperform rating and set a $24.00 price target on the stock.in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and two have issued a buy rating to the company's stock. RBC Capital Markets has "Buy" rating and $2800 target. The rating was initiated by Piper Jaffray on Tuesday, November 24 with "Neutral". The correct version of this article can be accessed at https://www.thelincolnianonline.com/2017/11/18/fjarde-ap-fonden-fourth-swedish-national-pension-fund-sells-7386-shares-of-fifth-third-bancorp-fitb.html.

Fifth Third Bancorp on 9/29/2017 reported its EPS as $0.49 with the analysts projecting the EPS of the stock as $0.43. Amalgamated Bank now owns 84,592 shares of the financial services provider's stock valued at $2,196,000 after purchasing an additional 31,048 shares in the last quarter. Bollard Group LLC now owns 17,906 shares of the financial services provider's stock worth $465,000 after acquiring an additional 102 shares during the last quarter. Fifth Third Bancorp now has $20.07B valuation. In terms of volatility, it has a beta coefficient of 1.36 and technical analysis volatility indicator called Average True Range or ATR around 0.52. About 118,530 shares traded. Core-Mark Holding Company, Inc. It has underperformed by 16.70% the S&P500.

Among 5 analysts covering New York REIT (NYSE:NYRT), 3 have Buy rating, 0 Sell and 2 Hold. (NASDAQ:CORE) to report earnings on March, 7. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.48. FITB's profit will be $345.67 million for 14.52 P/E if the $0.49 EPS becomes a reality. After $0.33 actual earnings per share reported by Whitestone REIT for the previous quarter, Wall Street now forecasts -18.18% negative EPS growth. In the past year there have been a total of 75 insider trades, including 24 open market buys and 51 sells. On Thursday, June 1 the insider Perkins Thomas B sold $410,360. Captrust Fincl Advsrs invested in 2,817 shares or 0.01% of the stock. Its up 134.91% from 10,600 shares previously. Therefore 100% are positive. Fifth Third had 81 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned "Perform" rating on Wednesday, July 6 by Oppenheimer. The stock has "Buy" rating by Compass Point on Friday, October 30. Wedbush maintained it with "Outperform" rating and $27 target in Thursday, August 11 report. Raymond James has "Outperform" rating and $35 target. The count of Hold ratings in that period was 2. The stock of Core-Mark Holding Company, Inc.

Investors sentiment decreased to 0.81 in Q2 2017. Its down 0.09, from 1.14 in 2017Q1. Capital Fund Management S.A. raised its stake in shares of Fifth Third Bancorp by 69.8% in the 2nd quarter. Victory Capital owns 4,484 shares. The company has market cap of $553.83 million. (NASDAQ:CORE). Guggenheim Ltd Liability Corporation holds 0% or 34,439 shares. State Board Of Administration Of Florida Retirement invested in 0% or 39,041 shares. Alps Advsrs holds 0% of its portfolio in Sleep Number Corp (NASDAQ:SNBR) for 19,986 shares. Moreover, Dekabank Deutsche Girozentrale has 0.01% invested in Fifth Third Bancorp (NASDAQ:FITB).

Apg Asset Management Nv decreased Illumina Inc (NASDAQ:ILMN) stake by 64,911 shares to 36,280 valued at $6.30 million in 2017Q2. Nj State Employees Deferred Compensation Plan has 0.31% invested in Core-Mark Holding Company, Inc. (NASDAQ:CORE). Ngam Ltd Partnership, a Massachusetts-based fund reported 112,285 shares. 409,731 are owned by Public Employees Retirement Association Of Colorado. Toronto Dominion Bancorp accumulated 0.02% or 254,772 shares. Ancora Advisors Limited accumulated 0.02% or 13,588 shares. Artisan Partners Limited Partnership controls 5,838,336 shares with a value of $163,357,000. The stock increased 4.55% or $0.32 on November 16, reaching $7.35. About 3.78M shares traded. Moreover, First Manhattan Company has 0% invested in Fifth Third Bancorp (NASDAQ:FITB) for 3,160 shares. It has outperformed by 16.60% the S&P500.

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