Fifth Third Bank (NASDAQ:FITB) Sees Significant Decrease in Short Interest

Elias Hubbard
March 19, 2018

Colony Group Llc who had been investing in American Express for a number of months, seems to be bullish on the $81.29B market cap company.

Companhia Energetica de Minas Gerais (CIG) stock price traded at a gap of -0.93% from an average price of last twenty days and stands at a distance of 6.98% away from it's an average price of recent fifty days. Chesapeake Energy Corporation (NYSE:CHK) has risen 49.74% since March 16, 2017 and is uptrending. It has outperformed by 92.93% the S&P500. Basswood Capital Management Llc sold 844,723 shares as the company's stock declined 12.20% while stock markets rallied. Bridgeway Cap Mgmt holds 1.71 million shares.

Bluecrest Capital Management Ltd decreased Fifth Third Bancorp (FITB) stake by 97.81% reported in 2017Q3 SEC filing. According to their observations and findings, the stock could provide a high EPS of $0.57/share and a low EPS of $0.41/share. About 1.09 million shares traded. Out of 8 Wall Street analysts rating Fifth Third, 1 give it "Buy", 2 "Sell" rating, while 5 recommend "Hold". It has outperformed by 16.60% the S&P500. It also reduced its holding in Flir Sys Inc (NASDAQ:FLIR) by 10,847 shares in the quarter, leaving it with 5,427 shares, and cut its stake in Viasat Inc (NASDAQ:VSAT).

Since October 26, 2017, it had 0 insider purchases, and 10 selling transactions for $7.12 million activity. Forrest Frank R. sold 29,508 shares worth $960,780.

Fifth Third Bank announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 27th that authorizes the company to repurchase 100,000,000 shares. Over the last 90 days, insiders sold 179,410 shares of company stock worth $5,879,506. Shares for $64,436 were sold by McWilliams Jelena. Investors of record on Friday, March 30th will be paid a dividend of $0.16 per share. Its up 0.33, from 0.65 in 2017Q2.

Zeke Capital Advisors LLC raised its stake in Fifth Third Bank (NASDAQ:FITB) by 68.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.47 by $0.05. Currently, Fifth Third Bancorp (NASDAQ:FITB) has an average volume of 5.05 Million.

In other Fifth Third Bancorp news, SVP Mark D. Hazel sold 19,324 shares of the business's stock in a transaction that occurred on Monday, February 26th. Profund Advsrs invested in 0.03% or 26,997 shares. State Of Tennessee Treasury Department has 200,454 shares for 0.03% of their portfolio. Beck Mack Oliver invested in 0.01% or 13,500 shares. Acadian Asset Mgmt Limited Liability holds 2,251 shares or 0% of its portfolio.

Fifth Third Bancorp (NASDAQ:FITB) was the target of a large increase in short interest during the month of February. PNXLF's SI was 1,600 shares in March as released by FINRA. Dupont holds 0% or 2,316 shares. Advisor Prtnrs Lc owns 19,770 shares or 0.11% of their U.S. portfolio.

Analysts await Fifth Third Bancorp (NASDAQ:FITB) to report earnings on April, 24 before the open.

Fifth Third Bancorp (NASDAQ:FITB) gross margin percentage stands at 0% while its operating margin for the past trailing twelve month is 78.8 percent and its overall profit margin (ttm) is 46.7 Percent. Prudential Plc reported 830,084 shares stake.

ILLEGAL ACTIVITY NOTICE: "Zeke Capital Advisors LLC Grows Holdings in Fifth Third Bank (FITB)" was published by and is the property of of They expect $0.59 earnings per share, up 9.26% or $0.05 from last year's $0.54 per share. Fifth Third had 103 analyst reports since July 22, 2015 according to SRatingsIntel. Vining Sparks reiterated a "buy" rating and issued a $35.00 price target on shares of Fifth Third Bank in a research note on Sunday, January 28th. Therefore 18% are positive. (NASDAQ:CSCO) earned "Buy" rating by KeyBanc Capital Markets on Thursday, January 18. BidaskClub upgraded Fifth Third Bancorp from a "hold" rating to a "buy" rating in a research note on Saturday, January 13th. RBC Capital Markets maintained Fifth Third Bancorp (NASDAQ:FITB) rating on Wednesday, October 21. As per Friday, October 7, the company rating was downgraded by Jefferies. The firm has "Hold" rating by Credit Suisse given on Friday, July 21. UBS downgraded the stock to "Sell" rating in Wednesday, January 11 report. Robert W. Baird maintained it with "Hold" rating and $48.0 target in Friday, November 3 report. The firm has "Overweight" rating by JP Morgan given on Friday, October 28. The firm has "Sector Perform" rating by RBC Capital Markets given on Tuesday, August 11.

Investors sentiment increased to 0.83 in Q3 2017. 24 funds opened positions while 35 raised stakes. 709.03 million shares or 0.92% less from 715.61 million shares in 2017Q2 were reported. The price target set for the stock is $34.25, and this sets up an impressive set of potential movement for the stock. Williams Jones Ltd holds 135,013 shares or 0.3% of its portfolio. 31,615 were accumulated by Teacher Retirement Of Texas. Robecosam Ag holds 6,750 shares. Century, Missouri-based fund reported 4.03 million shares. Its down 87.97% from 13,300 shares previously. Hyman Charles D holds 9,911 shares or 0.11% of its portfolio. Corporate insiders own 0.40% of the company's stock. The firm has "Outperform" rating given on Tuesday, December 8 by Barrington Research. 2,251 are owned by Acadian Asset Management Ltd Liability. (NASDAQ:CSCO) to report earnings on May, 16. This represents a $0.64 annualized dividend and a dividend yield of 1.90%. Tocqueville Asset Mngmt LP stated it has 50,563 shares. Wealthfront Inc. now owns 43,351 shares of the financial services provider's stock valued at $1,315,000 after purchasing an additional 2,347 shares during the last quarter. The company has volume of 9.01 Million shares. Shares for $304,962 were sold by Zukauckas Linda. Marcelo Sheila Lirio sold $80,898 worth of stock. Gupta Ashwini had sold 56,680 shares worth $5.63 million. Hedge funds and other institutional investors own 84.57% of the company's stock.

Companhia Energetica de Minas Gerais (CIG) closed the Thursday at final price of $2.46 after traded 3347914 shares.

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