Kevin Khanna Sells 6,000 Shares of Fifth Third Bancorp (NASDAQ:FITB) Stock

Fifth Third Bancorp (NASDAQ:FITB) EVP Kevin Khanna sold 6,000 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $50.77, for a total value of $304,620.00. Following the sale, the executive vice president directly owned 76,299 shares of the company’s stock, valued at approximately $3,873,700.23. This trade represents a 7.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Fifth Third Bancorp Stock Performance

NASDAQ:FITB opened at $50.56 on Thursday. The firm has a market cap of $45.79 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95. Fifth Third Bancorp has a fifty-two week low of $34.78 and a fifty-two week high of $55.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 0.83. The business has a 50 day moving average price of $48.44 and a 200-day moving average price of $46.98.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings data on Friday, April 17th. The financial services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.87. The firm had revenue of $2.86 billion during 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 posted $0.71 earnings per share. Equities research analysts predict that Fifth Third Bancorp will post 4.01 earnings per share for the current year.

Fifth Third Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Fifth Third Bancorp’s dividend payout ratio is 53.69%.

Institutional Trading of Fifth Third Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FITB. Empowered Funds LLC lifted its stake in Fifth Third Bancorp by 7.1% in the first quarter. Empowered Funds LLC now owns 13,864 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 916 shares during the period. Woodline Partners LP lifted its stake in Fifth Third Bancorp by 40.5% in the first quarter. Woodline Partners LP now owns 56,592 shares of the financial services provider’s stock worth $2,218,000 after acquiring an additional 16,323 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Fifth Third Bancorp by 45.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,428 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 759 shares during the period. Brown Advisory Inc. lifted its stake in Fifth Third Bancorp by 5.0% in the second quarter. Brown Advisory Inc. now owns 10,252 shares of the financial services provider’s stock worth $422,000 after acquiring an additional 484 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new stake in Fifth Third Bancorp in the second quarter worth $968,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

FITB has been the subject of a number of analyst reports. UBS Group reissued a “buy” rating and set a $59.00 price objective on shares of Fifth Third Bancorp in a research note on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on Fifth Third Bancorp from $50.50 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Evercore raised their price target on Fifth Third Bancorp from $51.00 to $53.00 in a research note on Tuesday. Barclays raised their price target on Fifth Third Bancorp from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Robert W. Baird raised their price target on Fifth Third Bancorp from $55.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.11.

More Fifth Third Bancorp News

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

• Positive Sentiment: Analyst upgrades and higher price targets: Goldman Sachs raised its target to $60 and kept a buy rating, joining other recent upgrades/target raises that increase upside expectations. Read More.
• Positive Sentiment: Comerica acquisition synergies and integration details: Management outlined deposit gains, cost savings and expected earnings accretion from the ~$10.9B Comerica deal — supports higher EPS forecasts and justifies analyst enthusiasm. Read More.
• Positive Sentiment: Regional expansion in Texas: Fifth Third opened its first Texas financial center in Frisco and plans to convert Comerica branches on Sept. 8 to reach 108 Texas locations initially and more than 250 centers by 2029 — a large deposit/market-share growth plan supported by a >$700M state investment. Read More.
• Neutral Sentiment: Firm updates and shareholder communications: The annual meeting/2025 performance highlights and executive profiles reinforce the strategic narrative but are not near‑term earnings catalysts. Read More.
• Neutral Sentiment: Branch moves and product mix: Local branch relocations and a cautious stance on certain lending verticals (software/data‑center) reduce credit risk but could temper high‑yield loan growth. Read More. Read More.
• Negative Sentiment: Insider selling: EVP Kevin Khanna sold 6,000 shares at roughly $50.77 (SEC Form 4 filed). While small relative to total holdings and often non‑informative, insider sales can create short‑term negative perception. Read More.

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.