141,829 Shares in Fifth Third Bancorp (NASDAQ:FITB) Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new position in Fifth Third Bancorp (NASDAQ:FITB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 141,829 shares of the financial services provider’s stock, valued at approximately $5,997,000. Fifth Third Bancorp comprises approximately 0.6% of Entropy Technologies LP’s investment portfolio, making the stock its 25th largest position.

Other institutional investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new position in Fifth Third Bancorp in the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC raised its position in shares of Fifth Third Bancorp by 89.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 669 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 316 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Fifth Third Bancorp by 118.5% in the 4th quarter. Y.D. More Investments Ltd now owns 828 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 449 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of Fifth Third Bancorp during the third quarter worth $36,000. Finally, Hexagon Capital Partners LLC increased its holdings in Fifth Third Bancorp by 56.9% in the third quarter. Hexagon Capital Partners LLC now owns 860 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 312 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on FITB. Truist Financial boosted their target price on Fifth Third Bancorp from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company lifted their price objective on shares of Fifth Third Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. StockNews.com lowered shares of Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Fifth Third Bancorp from $45.00 to $51.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Baird R W lowered shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Fifth Third Bancorp currently has an average rating of “Hold” and a consensus price target of $46.75.

Fifth Third Bancorp Stock Performance

Shares of FITB stock opened at $44.04 on Friday. The company’s fifty day simple moving average is $44.06 and its 200-day simple moving average is $43.43. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.82. The firm has a market cap of $29.53 billion, a PE ratio of 14.03, a P/E/G ratio of 1.44 and a beta of 1.23. Fifth Third Bancorp has a 12 month low of $32.29 and a 12 month high of $49.07.

Fifth Third Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 3.36%. Fifth Third Bancorp’s payout ratio is 47.13%.

Fifth Third Bancorp Company Profile

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.