<div id="readability-page-1"><p><span>Fifth Third Bancorp (NASDAQ:FITB - Get Free Report)</span> was downgraded by analysts at Zacks Research from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report released on Monday,Zacks.com reports.</p><div><p><span></span><span>Get <strong>Fifth Third Bancorp</strong> alerts:</span></p></div><ul><li>MarketBeat Week in Review – 01/19 - 01/23</li></ul><p>Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada  restated an &#34;outperform&#34; rating and issued a $57.00 price objective on shares of Fifth Third Bancorp in a research report on Monday, May 4th. The Goldman Sachs Group increased their target price on Fifth Third Bancorp from $55.00 to $60.00 and gave the company a &#34;buy&#34; rating in a research report on Wednesday, April 22nd. Truist Financial  set a $57.00 price objective on Fifth Third Bancorp in a research note on Tuesday, April 21st. Barclays raised their target price on Fifth Third Bancorp from $61.00 to $63.00 and gave the stock an &#34;overweight&#34; rating in a research note on Monday, April 20th. Finally, Jefferies Financial Group increased their price target on Fifth Third Bancorp from $55.00 to $60.00 and gave the stock a &#34;buy&#34; rating in a report on Wednesday, April 8th. Seventeen analysts have rated the stock with a Buy rating and four have issued  a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $57.19.</p><p><b>Check Out Our Latest Research Report on Fifth Third Bancorp</b></p><h2>Fifth Third Bancorp Price Performance</h2><ul><li>Fifth Third Bancorp: An Inflection With Double-Digit Upside Ahead</li></ul><p>Shares of NASDAQ FITB opened at $48.63 on Monday. The business's 50 day moving average price is $47.91 and its 200 day moving average price is $47.64. The firm has a market cap of $44.07 billion, a P/E ratio of 16.32, a P/E/G ratio of 0.99 and a beta of 0.94. Fifth Third Bancorp has a 52 week low of $36.64 and a 52 week high of $55.44. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.59. </p><p>Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last issued its earnings results on Friday, April 17th. The financial services provider reported $0.83 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.87. The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.91 billion. Fifth Third Bancorp had a return on equity of 12.39% and a net margin of 15.89%.During the same quarter in the prior year, the firm earned $0.71 earnings per share.  On average, sell-side analysts expect that  Fifth Third Bancorp will post 4.1 earnings per share for the current year. </p><h2>Insider Activity</h2><ul><li>3 Regional Bank Stocks That Crushed Q3 Earnings</li></ul><p>In other news, EVP Kevin J. Khanna sold 6,000 shares of Fifth Third Bancorp stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $50.77, for a total value of $304,620.00. Following the completion of the transaction, the executive vice president owned 76,299 shares in the company, valued at approximately $3,873,700.23. This trade represents a 7.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Peter L. Sefzik sold 20,000 shares of Fifth Third Bancorp stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $50.46, for a total value of $1,009,200.00. Following the completion of the transaction, the executive vice president owned 189,382 shares of the company's stock, valued at $9,556,215.72. The trade was a 9.55% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own  0.51% of the company's stock. </p><h2>Hedge Funds Weigh In On Fifth Third Bancorp</h2><p>Several hedge funds have recently added to or reduced their stakes in the stock. AE Wealth Management LLC increased its position in  Fifth Third Bancorp by 4.7% during the third quarter. AE Wealth Management LLC now owns 348,001 shares of the financial services provider's stock worth $15,503,000 after buying an additional 15,627 shares during the period.  Bahl &amp; Gaynor Inc. increased its holdings in shares of  Fifth Third Bancorp by 18.0% in the third quarter. Bahl &amp; Gaynor Inc. now owns 161,369 shares of the financial services provider's stock valued at $7,189,000 after purchasing an additional 24,566 shares during the period.  Envestnet Asset Management Inc. boosted its stake in shares of  Fifth Third Bancorp by 2.4% in the third quarter. Envestnet Asset Management Inc. now owns 2,023,145 shares of the financial services provider's stock valued at $90,131,000 after buying an additional 48,080 shares in the last quarter.  Nordea Investment Management AB boosted its stake in shares of  Fifth Third Bancorp by 3.2% in the fourth quarter. Nordea Investment Management AB now owns 1,276,429 shares of the financial services provider's stock valued at $59,788,000 after buying an additional 39,261 shares in the last quarter.  Finally, Westfield Capital Management Co. LP boosted its stake in shares of  Fifth Third Bancorp by 26.6% in the third quarter. Westfield Capital Management Co. LP now owns 1,619,948 shares of the financial services provider's stock valued at $72,169,000 after buying an additional 340,030 shares in the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Fifth Third Bancorp Company Profile</h2> (Get Free Report)<p>Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.  </p><p>On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Fifth Third Bancorp</li><li>Navy Catalyst Ignites Odysight’s Growth Engine</li><li>AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?</li><li>Axon Surged After Earnings and Is Still Down Over 50% From Highs</li><li>The Event That Could Redefine Apple’s Summer Rally</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RklUQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RklUQg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Fifth Third Bancorp Right Now?</h2><p>Before you consider Fifth Third Bancorp, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fifth Third Bancorp wasn't on the list.</p><p>While Fifth Third Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

FITB

<p>Zacks Research has downgraded Fifth Third Bancorp (NASDAQ:FITB) from a "strong-buy" to a "hold" rating. This change was noted in a report released on Monday. Other analysts have varied opinions, with Royal Bank of Canada maintaining an "outperform" rating and a $57 price target, while Goldman Sachs raised their target from $55 to $60 with a "buy" rating. Currently, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.19. The stock opened at $48.63, with a market cap of $44.07 billion and a P/E ratio of 16.32.</p>

Market Beat

Fifth Third Bancorp

ROYAL BANK OF CANADA

Goldman Sachs

Truist Financial

Barclays

Jefferies Financial

Nordea Bank

Fifth Third Bancorp Pref Share FITBO 4.95 Perp 09/30/24 K

FIFTH THIRD BANK PREF SHARE FITB V6.625 P12/31/49 I

Fifth Third Bancorp Pref Shares FITBM 6.875 Perp 10/01/30

Fifth Third Bancorp Depositary Shs B Ser A Repr 1/40 6 % Perp Pfd Registered Shs B Ser A

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Zacks Research Downgrades Fifth Third Bancorp (NASDAQ:FITB) to Hold