Rep. David Taylor Buys Shares of Fifth Third Bancorp (NASDAQ:FITB)

Representative David Taylor (Republican-Ohio) recently bought shares of Fifth Third Bancorp (NASDAQ:FITB). In a filing disclosed on October 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Fifth Third Bancorp stock on October 9th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)” account.

Representative David Taylor also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 10/12/2026.
• Purchased $1,001 – $15,000 in shares of RPM International (NYSE:RPM) on 10/9/2026.
• Purchased $1,001 – $15,000 in shares of AT&T (NYSE:T) on 10/9/2026.
• Sold $1,001 – $15,000 in shares of Marathon Petroleum (NYSE:MPC) on 9/22/2026.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/22/2026.
• Purchased $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 9/22/2026.
• Purchased $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 9/8/2026.
• Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 9/8/2026.
• Sold $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 8/26/2026.
• Sold $1,001 – $15,000 in shares of Vertex Pharmaceuticals (NASDAQ:VRTX) on 8/26/2026.

Fifth Third Bancorp Stock Performance

Fifth Third Bancorp stock opened at $50.44 on Friday. The stock has a 50-day simple moving average of $53.49 and a 200 day simple moving average of $52.89. The stock has a market capitalization of $45.74 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 1.09 and a beta of 0.97. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.59. Fifth Third Bancorp has a 12-month low of $40.65 and a 12-month high of $59.50.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.24 billion. Fifth Third Bancorp had a return on equity of 12.39% and a net margin of 15.89%. The firm’s revenue was up 45.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. On average, research analysts anticipate that Fifth Third Bancorp will post 4.10 earnings per share for the current fiscal year.

Fifth Third Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.42 dividend. This is a positive change from Fifth Third Bancorp’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, September 30th. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 57.34%.

Institutional Investors Weigh In On Fifth Third Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its stake in Fifth Third Bancorp by 15.2% in the 3rd quarter. IFP Advisors Inc now owns 6,474 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 852 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Fifth Third Bancorp in the third quarter valued at $692,000. TD Waterhouse Canada Inc. raised its position in shares of Fifth Third Bancorp by 175.4% in the third quarter. TD Waterhouse Canada Inc. now owns 738 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 470 shares during the period. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Fifth Third Bancorp during the 3rd quarter worth about $70,000. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its stake in shares of Fifth Third Bancorp by 2.7% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 247,045 shares of the financial services provider’s stock worth $12,496,000 after buying an additional 6,470 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FITB. Stephens reduced their target price on shares of Fifth Third Bancorp from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 22nd. Argus raised shares of Fifth Third Bancorp to a “strong-buy” rating in a report on Wednesday, July 22nd. Morgan Stanley boosted their price objective on shares of Fifth Third Bancorp from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. reduced their price objective on Fifth Third Bancorp from $62.00 to $58.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on Fifth Third Bancorp from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Fifth Third Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.92.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.

David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the parent company of Fifth Third Bank. The company traces its history to 1858 and provides banking and related financial services to individuals, businesses, government entities and institutional clients.

Through its commercial banking operations, Fifth Third offers lending, deposit, treasury management, payment processing and capital markets services to middle-market companies, large corporations and other organizations.