Fifth Third Bancorp Now Covered by Janney Montgomery Scott (FITB)
Research analysts at Janney Montgomery Scott began coverage on shares of Fifth Third Bancorp (NASDAQ:FITB) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Fifth Third Bancorp (NASDAQ:FITB) traded up 0.52% on Tuesday, hitting $21.36. The stock had a trading volume of 7,441,279 shares. Fifth Third Bancorp has a 52 week low of $15.35 and a 52 week high of $21.62. The stock has a 50-day moving average of $20.6 and a 200-day moving average of $19.33. The company has a market cap of $18.857 billion and a price-to-earnings ratio of 10.60.
Fifth Third Bancorp (NASDAQ:FITB) last announced its earnings results on Thursday, October 17th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.01. During the same quarter in the prior year, the company posted $0.38 earnings per share. On average, analysts predict that Fifth Third Bancorp will post $2.00 earnings per share 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 2.25%. The ex-dividend date is Friday, December 27th.
A number of other analysts have also recently weighed in 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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Fifth Third Bancorp has an average rating of “Hold” and an average price target of $19.80.
Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company.
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