Morgan Stanley Believes Fifth Third Bancorp (FITB) Still Has Room to Grow

In a report released today, Ken Zerbe from Morgan Stanley maintained a Buy rating on Fifth Third Bancorp (FITB), with a price target of $48.00. The company’s shares closed last Wednesday at $39.80, close to its 52-week high of $40.46.

According to, Zerbe is a 5-star analyst with an average return of 18.3% and a 59.5% success rate. Zerbe covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, People’s United Financial, and Valley National Bancorp.

Fifth Third Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $42.00, implying a 6.7% upside from current levels. In a report issued on April 21, RBC Capital also maintained a Buy rating on the stock with a $42.00 price target.

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Fifth Third Bancorp’s market cap is currently $28.32B and has a P/E ratio of 14.20. The company has a Price to Book ratio of 1.80.

Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FITB in relation to earlier this year.

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Fifth Third Bancorp engages in the provision of banking & financial services, retail & commercial banking, consumer lending services and investment advisory services through its subsidiary Fifth Third Bank. It operates through the following segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. The Commercial Banking segment offers credit intermediation, cash management and financial services to large and middle-market businesses. The Branch Banking segment provides deposit, loan and lease products to individuals and small businesses. The Consumer Lending segment includes residential mortgage, home equity, automobile and indirect lending activities. The Wealth & Asset Management segment provides investment alternatives for individuals, companies and not-for-profit organizations. The company was founded in 1975 and is headquartered in Cincinnati, OH.

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