Zacks Investment Management Adds $1M in Fifth Third Bancorp ($FITB)
Key Points
- Zacks Investment Management changed its Fifth Third Bancorp ($FITB) stake by 1.3% last quarter, boosting to 1,630,321 shares worth $87.83 million.
- Wall Street's consensus rating on $FITB is Buy and an average price target of $57.52.
- $FITB last traded around $53.87.
Zacks Investment Management increased its position in Fifth Third Bancorp ($FITB) by 1.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,630,321 shares of Fifth Third Bancorp after buying 20,669 shares during the quarter. Zacks Investment Management's holdings in Fifth Third Bancorp were worth $87.83 million as of its most recent filing.
Fifth Third Bancorp ($FITB) Stock
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Fifth Third Bancorp Dividend
Analysts Set New Price Targets
About Fifth Third Bancorp
Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that provides 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. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. Its Consumer and Small Banking segment engages in the provision of a range of deposit and loan products to individuals and small businesses; residential mortgage activities, including the origination, retention and servicing of residential mortgage loans, sales and securitizations of loans, and associated hedging activities; home equity loans and lines of credit, credit cards, automobile and other indirect lending, and other consumer lending services; and home improvement and solar energy installation loans through contractors and installers. The Wealth and Asset Management segment provides various wealth management services, such as wealth planning, investment management, banking, insurance, trust, and estate services for for individuals, companies, and not-for-profit organizations; retail brokerage services for individual clients; and advisory services for institutional clients. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.
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