Fifth Third Bancorp Sets New 1-Year High at $21.45 (FITB)
Fifth Third Bancorp (NASDAQ:FITB) set a new 52-week high during mid-day trading on Thursday, AnalystRatings.Net reports. The stock traded as high as $21.45 and last traded at $21.33, with a volume of 6,768,812 shares. The stock had previously closed at $21.13.
A number of research firms have recently commented on FITB. Analysts at Evercore Partners upgraded shares of Fifth Third Bancorp from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, December 16th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Fifth Third Bancorp in a research note to investors on Tuesday, December 3rd. They now have a $21.00 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of Fifth Third Bancorp from $23.00 to $25.00 in a research note to investors on Tuesday, December 3rd. They now have a “buy” rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $19.80.
Fifth Third Bancorp has a one year low of $15.19 and a one year high of $21.33. The stock’s 50-day moving average is $20.51 and its 200-day moving average is $19.22. The company has a market cap of $18.813 billion and a price-to-earnings ratio of 10.54.
Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.42 by $0.01. During the same quarter last year, the company posted $0.38 earnings per share. Analysts expect that Fifth Third Bancorp will post $2.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 23rd. Investors of record on Tuesday, December 31st will be paid a dividend of 0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Friday, December 27th.
Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company.
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