In a report released today, Scott Siefers from Piper Sandler maintained a Buy rating on Fifth Third Bancorp (FITB – Research Report), with a price target of $41.00. The company’s shares closed yesterday at $36.38.
Siefers covers the Financial sector, focusing on stocks such as Citigroup, Comerica, and Huntington Bancshares. According to TipRanks, Siefers has an average return of 9.0% and a 57.46% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fifth Third Bancorp with a $39.53 average price target, representing an 8.66% upside. In a report released on March 6, Wells Fargo also assigned a Buy rating to the stock with a $39.00 price target.
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FITB market cap is currently $24.78B and has a P/E ratio of 11.31.
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FITB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Fifth Third Bancorp (FITB) Company Description:
Fifth Third Bancorp engages in the provision of banking & financial services, retail & commercial banking, consumer lending services and investment advisory services through its subsidiary Fifth Third Bank. It operates through the following segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. The Commercial Banking segment offers credit intermediation, cash management and financial services to large and middle-market businesses. The Branch Banking segment provides deposit, loan and lease products to individuals and small businesses. The Consumer Lending segment includes residential mortgage, home equity, automobile and indirect lending activities. The Wealth & Asset Management segment provides investment alternatives for individuals, companies and not-for-profit organizations. The company was founded in 1975 and is headquartered in Cincinnati, OH.
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