Meeder Advisory Services Inc. Buys 10,525 Shares of Fifth Third Bancorp $FITB

Meeder Advisory Services Inc. raised its stake in Fifth Third Bancorp (NASDAQ:FITB) by 41.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,059 shares of the financial services provider’s stock after buying an additional 10,525 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Fifth Third Bancorp were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FITB. Center for Financial Planning Inc. acquired a new position in shares of Fifth Third Bancorp during the 1st quarter worth about $25,000. SouthState Bank Corp increased its stake in shares of Fifth Third Bancorp by 74.7% in the 1st quarter. SouthState Bank Corp now owns 552 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 236 shares during the last quarter. Harbor Investment Advisory LLC raised its position in shares of Fifth Third Bancorp by 501.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 620 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 517 shares during the period. Monetary Solutions Ltd acquired a new stake in shares of Fifth Third Bancorp in the 4th quarter valued at approximately $29,000. Finally, Leonteq Securities AG bought a new position in Fifth Third Bancorp during the 4th quarter worth approximately $30,000. Institutional investors own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FITB. Zacks Research cut shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Piper Sandler reiterated an “overweight” rating and issued a $54.00 target price (down from $57.00) on shares of Fifth Third Bancorp in a report on Monday, March 30th. Evercore set a $60.00 price target on shares of Fifth Third Bancorp in a research report on Monday, July 6th. Bank of America boosted their price target on shares of Fifth Third Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a report on Monday. Finally, Stephens initiated coverage on shares of Fifth Third Bancorp in a research report on Monday, June 15th. They issued an “equal weight” rating and a $58.00 price objective for the company. Seventeen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $60.20.

Fifth Third Bancorp Trading Down 0.9%

NASDAQ:FITB opened at $57.47 on Tuesday. Fifth Third Bancorp has a fifty-two week low of $40.04 and a fifty-two week high of $59.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $52.09 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.09 and a beta of 0.90. The business’s 50-day simple moving average is $53.19 and its 200-day simple moving average is $50.70.

Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Friday, July 17th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). The business 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%.During the same period in the previous year, the company posted $0.88 earnings per share. Sell-side analysts expect that Fifth Third Bancorp will post 4.1 earnings per share for the current fiscal year.

Fifth Third Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, June 30th. Fifth Third Bancorp’s dividend payout ratio is 54.61%.

Insider Activity

In other news, EVP Peter L. Sefzik sold 20,000 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $50.46, for a total transaction of $1,009,200.00. Following the completion of the sale, the executive vice president owned 189,382 shares of the company’s stock, valued at $9,556,215.72. This represents a 9.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.51% of the stock is owned by corporate insiders.

Key Stories Impacting Fifth Third Bancorp

Here are the key news stories impacting Fifth Third Bancorp this week:

• Positive Sentiment: Bank of America raised its price target to $65 and kept a buy rating, signaling meaningful upside from current levels. Article Title
• Positive Sentiment: DA Davidson also lifted its target to $65 and reiterated a buy rating after Fifth Third’s strong quarter. Article Title
• Positive Sentiment: RBC raised its target to $62 with an outperform rating, adding to the bullish analyst sentiment around FITB. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods increased its target to $60, signaling still-positive expectations even with a more neutral stance. Article Title
• Positive Sentiment: Fifth Third reported Q2 EPS of $1.02, ahead of the $0.95 consensus, with revenue also beating estimates, reinforcing the bank’s fundamental strength. Article Title
• Positive Sentiment: Fifth Third won Euromoney’s Best Bank Award in the United States, which may support its reputation and brand strength. Article Title
• Neutral Sentiment: Industry commentary on banks using fintech and embedded finance for deposits suggests a broader opportunity set, but it is not a direct company-specific catalyst. Article Title
• Neutral Sentiment: One article framed Comerica as a growth catalyst for Fifth Third, but the impact appears more strategic than immediately measurable. Article Title
• Neutral Sentiment: Unusually high options trading was noted, which can signal heightened investor attention but does not by itself explain the move. Article Title
• Positive Sentiment: A Zacks article highlighted Fifth Third as a strong dividend stock, which may appeal to income-focused investors. Article Title

About Fifth Third Bancorp

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.

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.