Fifth Third Bancorp Receives Average Rating of “Hold” from Brokerages (NASDAQ:FITB)
Shares of Fifth Third Bancorp (NASDAQ:FITB) have earned an average rating of “Hold” from the twenty-six brokerages that are currently covering the stock, AnalystRatings.NET reports. Twelve research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $22.90.
A number of research firms have recently commented on FITB. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Fifth Third Bancorp in a research note on Tuesday, July 8th. They now have a $24.00 price target on the stock, down previously from $25.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Fifth Third Bancorp in a research note on Thursday, June 19th. They now have a $22.50 price target on the stock, down previously from $23.00. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Fifth Third Bancorp from $22.00 to $24.00 in a research note on Monday, June 9th.
Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at 21.40 on Friday. Fifth Third Bancorp has a 52 week low of $17.49 and a 52 week high of $23.90. The stock has a 50-day moving average of $21.30 and a 200-day moving average of $21.46. The company has a market cap of $18.201 billion and a P/E ratio of 11.15.
Fifth Third Bancorp (NASDAQ:FITB) last announced its earnings results on Thursday, April 17th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.05. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, analysts predict that Fifth Third Bancorp will post $1.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, June 26th. This is a boost from Fifth Third Bancorp’s previous quarterly dividend of $0.12.
Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company.
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