Fifth Third Bancorp (FITB) Declares Quarterly Dividend of $0.12
Fifth Third Bancorp (NASDAQ:FITB) declared a quarterly dividend on Wednesday, September 18th, ARN reports. Shareholders of record on Monday, September 30th will be given a dividend of $0.12 per share on Thursday, October 17th. This represents a $0.48 dividend on an annualized basis and a yield of 2.59%.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. downgraded shares of Fifth Third Bancorp (NASDAQ:FITB) from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $20.00 price target on the stock, down previously from $21.00. On a related note, analysts at Raymond James downgraded shares of Fifth Third Bancorp (NASDAQ:FITB) from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, September 9th. They now have a $20.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Fifth Third Bancorp (NASDAQ:FITB) in a research note to investors on Thursday, September 5th. They now have a $19.00 price target on the stock.
Seventeen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Fifth Third Bancorp presently has a consensus rating of “Hold” and a consensus target price of $18.81.
Shares of Fifth Third Bancorp (NASDAQ:FITB) traded up 0.38% on Wednesday, hitting $18.62. 13,121,869 shares of the company’s stock traded hands. Fifth Third Bancorp has a 52-week low of $13.75 and a 52-week high of $19.79. The stock has a 50-day moving average of $18.88 and a 200-day moving average of $17.86. The company has a market cap of $15.854 billion and a price-to-earnings ratio of 9.70.
Fifth Third Bancorp (NASDAQ:FITB) last announced its earnings results on Thursday, July 18th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.04. During the same quarter in the prior year, the company posted $0.40 earnings per share. Analysts expect that Fifth Third Bancorp will post $1.92 EPS for the current fiscal year.
Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company.
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