Duncker Streett & Co. Inc. Trims Stock Holdings in Fifth Third Bancorp (NASDAQ:FITB)

Duncker Streett & Co. Inc. lowered its position in Fifth Third Bancorp (NASDAQ:FITB) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,220 shares of the financial services provider’s stock after selling 500 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Fifth Third Bancorp were worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Metis Global Partners LLC lifted its stake in Fifth Third Bancorp by 4.7% in the fourth quarter. Metis Global Partners LLC now owns 22,776 shares of the financial services provider’s stock valued at $963,000 after buying an additional 1,027 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in Fifth Third Bancorp in the fourth quarter valued at approximately $205,000. SVB Wealth LLC purchased a new stake in Fifth Third Bancorp in the fourth quarter valued at approximately $288,000. Mutual of America Capital Management LLC raised its stake in shares of Fifth Third Bancorp by 7.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 162,930 shares of the financial services provider’s stock worth $6,889,000 after purchasing an additional 10,883 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Fifth Third Bancorp by 18.3% during the fourth quarter. Private Trust Co. NA now owns 2,721 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Fifth Third Bancorp Stock Up 1.1 %

Fifth Third Bancorp stock opened at $43.47 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $28.93 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. Fifth Third Bancorp has a fifty-two week low of $33.48 and a fifty-two week high of $49.07. The stock’s fifty day moving average is $43.43 and its two-hundred day moving average is $43.80.

Fifth Third Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Tuesday, December 31st. Fifth Third Bancorp’s dividend payout ratio (DPR) is 47.13%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $47.00 price target on shares of Fifth Third Bancorp in a research note on Monday, February 10th. StockNews.com cut Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Truist Financial upped their price target on Fifth Third Bancorp from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $53.00 price target (down previously from $54.00) on shares of Fifth Third Bancorp in a research note on Wednesday, January 22nd. Finally, Citigroup upped their price target on Fifth Third Bancorp from $43.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.75.

Insider Buying and Selling at Fifth Third Bancorp

In other Fifth Third Bancorp news, EVP Kevin P. Lavender sold 21,700 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $43.55, for a total value of $945,035.00. Following the sale, the executive vice president now owns 130,856 shares of the company’s stock, valued at approximately $5,698,778.80. This represents a 14.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO James C. Leonard sold 17,200 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $44.26, for a total value of $761,272.00. Following the completion of the sale, the chief operating officer now directly owns 244,487 shares in the company, valued at $10,820,994.62. This trade represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.