Fifth Third Bancorp (NASDAQ:FITB) declared a quarterly dividend on Tuesday, September 20th. Stockholders of record on Friday, September 30th will be given a dividend of 0.13 per share by the financial services provider on Monday, October 17th. This represents a $0.52 annualized dividend and a dividend yield of 2.52%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Scotia Capital Inc. raised its position in shares of Fifth Third Bancorp by 7.1% in the second quarter. Scotia Capital Inc. now owns 54,789 shares of the financial services provider’s stock worth $967,000 after buying an additional 3,650 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Fifth Third Bancorp by 108.7% in the second quarter. Janney Montgomery Scott LLC now owns 37,830 shares of the financial services provider’s stock worth $666,000 after buying an additional 19,706 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Fifth Third Bancorp by 13.8% in the second quarter. Public Sector Pension Investment Board now owns 145,511 shares of the financial services provider’s stock worth $2,560,000 after buying an additional 17,600 shares in the last quarter. National Pension Service raised its position in shares of Fifth Third Bancorp by 16.7% in the second quarter. National Pension Service now owns 585,703 shares of the financial services provider’s stock worth $10,303,000 after buying an additional 83,704 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Fifth Third Bancorp by 13.1% in the second quarter. Alliancebernstein L.P. now owns 1,739,341 shares of the financial services provider’s stock worth $30,595,000 after buying an additional 200,853 shares in the last quarter. 80.07% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on FITB shares. Evercore ISI downgraded Fifth Third Bancorp to a “hold” rating and set a $18.00 price target for the company. in a research note on Friday, July 15th. Citigroup Inc. lifted their price target on Fifth Third Bancorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, June 6th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a research note on Wednesday, June 15th. Credit Suisse Group AG reaffirmed a “sell” rating on shares of Fifth Third Bancorp in a research note on Tuesday, July 12th. Finally, Oppenheimer Holdings Inc. downgraded Fifth Third Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 6th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.41.

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Fifth Third Bancorp (NASDAQ:FITB) traded up 0.315% during midday trading on Tuesday, hitting $20.695. The company had a trading volume of 1,277,714 shares. The company has a market cap of $15.86 billion, a P/E ratio of 10.080 and a beta of 1.27. The company’s 50 day moving average is $19.69 and its 200-day moving average is $18.27. Fifth Third Bancorp has a one year low of $13.84 and a one year high of $21.14.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. Fifth Third Bancorp had a return on equity of 9.25% and a net margin of 23.36%. During the same quarter last year, the business posted $0.36 EPS. On average, equities analysts predict that Fifth Third Bancorp will post $1.60 EPS for the current year.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States.

5 Day Chart for NASDAQ:FITB

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