From MarketBeat:

Fifth Third Bancorp (NASDAQ:FITB) saw a significant increase in options trading on Wednesday, with investors purchasing 107,899 call options on the company, an increase of 2,606% compared to the average daily volume. The company has also been the focus of numerous research analyst reports, including a price target increase to $29.00 from Morgan Stanley, and a reduced price target from Royal Bank of Canada. Additionally, insider trading has included a significant purchase of 64,500 shares by a company director, and institutional trading has seen various hedge funds adjusting their positions in the company.

Shares of Fifth Third Bancorp traded up $0.11 on Wednesday, hitting $35.07. The company has a market cap of $23.88 billion and has recently reported quarterly earnings and declared a dividend. As a diversified financial services company, Fifth Third Bancorp operates through commercial banking, consumer and small business banking, and wealth and asset management segments. While the stock currently has a “Moderate Buy” rating among analysts, there are other stocks that are being recommended by top-rated analysts.



Read more: Investors Buy Large Volume of Fifth Third Bancorp Call Options (NASDAQ:FITB)