Amica Pension Fund Board of Trustees Has $778,000 Position in Fifth Third Bancorp (FITB)

Amica Pension Fund Board of Trustees Has $778,000 Position in Fifth Third Bancorp (FITB)

Amica Pension Fund Board of Trustees held its stake in Fifth Third Bancorp (NASDAQ:FITB) during the first quarter, Holdings Channel reports. The firm owned 30,646 shares of the financial services provider’s stock at the end of the first quarter. Amica Pension Fund Board of Trustees’ holdings in Fifth Third Bancorp were worth $778,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Diversified Trust Co boosted its stake in Fifth Third Bancorp by 0.3% in the first quarter. Diversified Trust Co now owns 10,157 shares of the financial services provider’s stock worth $258,000 after buying an additional 32 shares during the period. Budros Ruhlin & Roe Inc. boosted its stake in Fifth Third Bancorp by 0.4% in the third quarter. Budros Ruhlin & Roe Inc. now owns 10,473 shares of the financial services provider’s stock worth $214,000 after buying an additional 38 shares during the period. Bollard Group LLC boosted its stake in Fifth Third Bancorp by 0.5% in the first quarter. Bollard Group LLC now owns 17,804 shares of the financial services provider’s stock worth $452,000 after buying an additional 90 shares during the period. Ancora Advisors LLC boosted its stake in Fifth Third Bancorp by 1.7% in the fourth quarter. Ancora Advisors LLC now owns 13,588 shares of the financial services provider’s stock worth $367,000 after buying an additional 225 shares during the period. Finally, IFP Advisors Inc boosted its stake in Fifth Third Bancorp by 0.9% in the first quarter. IFP Advisors Inc now owns 25,894 shares of the financial services provider’s stock worth $658,000 after buying an additional 225 shares during the period. Institutional investors and hedge funds own 81.97% of the company’s stock.

Fifth Third Bancorp (NASDAQ:FITB) traded down 0.44% on Friday, reaching $24.80. The company’s stock had a trading volume of 3,307,680 shares. The firm has a market cap of $18.60 billion, a price-to-earnings ratio of 12.97 and a beta of 1.29. The firm has a 50 day moving average of $24.92 and a 200 day moving average of $25.61. Fifth Third Bancorp has a 12 month low of $16.14 and a 12 month high of $28.97.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. Fifth Third Bancorp had a return on equity of 10.15% and a net margin of 22.53%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company posted $0.40 EPS. Analysts anticipate that Fifth Third Bancorp will post $1.78 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.26%. Fifth Third Bancorp’s payout ratio is 28.87%.

A number of analysts recently issued reports on FITB shares. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Fifth Third Bancorp in a research note on Tuesday, January 24th. Zacks Investment Research upgraded Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Monday, January 9th. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 price objective on shares of Fifth Third Bancorp in a report on Tuesday, April 25th. Hilliard Lyons raised Fifth Third Bancorp from an “underperform” rating to a “neutral” rating and set a $27.00 target price for the company in a research report on Monday, March 20th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $28.00 price objective on shares of Fifth Third Bancorp in a report on Tuesday, April 4th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.07.

In related news, EVP Frank R. Forrest sold 13,321 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $24.63, for a total transaction of $328,096.23. Following the sale, the executive vice president now directly owns 71,793 shares in the company, valued at approximately $1,768,261.59. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Teresa J. Tanner sold 54,984 shares of the business’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $24.88, for a total value of $1,368,001.92. Following the sale, the chief accounting officer now owns 41,286 shares in the company, valued at $1,027,195.68. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States.

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