5 Best Bank Stocks to Buy Amid Rising Inflation

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In this article, we are going to discuss the 5 best bank stocks to buy amid rising inflation. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Bank Stocks to Buy Amid Rising Inflation.

5. Fifth Third Bancorp (NASDAQ:FITB)

Number of Hedge Fund Holders: 41

Fifth Third Bancorp (NASDAQ:FITB) offers diverse services like financial and banking services, consumer lending services, retail & commercial banking, and investment advisory services. On June 14, the firm announced a quarterly dividend of $0.30 per share for the shareholders of record June 30, payable on July 15.

In the first quarter of 2022, Kenneth C. Griffin’s Citadel Investment Group had the biggest stake in Fifth Third Bancorp (NASDAQ:FITB) with more than 4.3 million company shares worth $187.8 million. The hedge fund increased its activity in the company by 9390% compared to the preceding quarter.

According to the database of Insider Monkey that tracks 912 elite hedge funds, 41 funds were bullish on Fifth Third Bancorp (NASDAQ:FITB) with a combined stake value of $617.5 million, compared to 31 funds in the prior quarter.

On June 17, Fifth Third Bancorp (NASDAQ:FITB)’s shares were upgraded Outperform from Neutral with a price target of $44 by Baird analyst David George.

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