A number of firms have modified their ratings and price targets on shares of Fifth Third Bancorp (NASDAQ: FITB) recently:

  • 12/13/2017 – Fifth Third Bancorp had its price target raised by analysts at Morgan Stanley from $30.00 to $34.00. They now have an “equal weight” rating on the stock.
  • 12/10/2017 – Fifth Third Bancorp had its “buy” rating reaffirmed by analysts at Royal Bank of Canada.
  • 12/8/2017 – Fifth Third Bancorp had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $32.00 price target on the stock.
  • 12/7/2017 – Fifth Third Bancorp had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 11/17/2017 – Fifth Third Bancorp was downgraded by analysts at Macquarie from a “neutral” rating to an “underperform” rating. They now have a $26.00 price target on the stock, down previously from $28.47.
  • 10/27/2017 – Fifth Third Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Fifth Third have outperformed the industry over the past six months. The performance was supported by the company’s decent earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company’s third-quarter 2017 adjusted earnings came in line with the Zacks Consensus Estimate. Rising rates and lower provisions aided the results. However, lower non-interest income was an undermining factor. The company’s ongoing strategic efforts, such as Project North Star, will likely boost its efficiency and revenue over the long run. Also, margin pressure seems to be easing gradually, given the Fed interest rate hikes and improving economic backdrop. However, elevated expenses on the company’s branch digitization initiative and legal issues remain a concern.”
  • 10/26/2017 – Fifth Third Bancorp had its price target raised by analysts at Nomura from $29.00 to $30.00. They now have a “neutral” rating on the stock.
  • 10/25/2017 – Fifth Third Bancorp had its price target raised by analysts at Bank of America Corp from $28.00 to $29.00. They now have a “neutral” rating on the stock.
  • 10/25/2017 – Fifth Third Bancorp had its price target raised by analysts at Royal Bank of Canada from $28.00 to $31.00. They now have an “outperform” rating on the stock.
  • 10/24/2017 – Fifth Third Bancorp had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 10/24/2017 – Fifth Third Bancorp had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $27.00 price target on the stock.

Fifth Third Bancorp (NASDAQ FITB) opened at $29.67 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.93. Fifth Third Bancorp has a twelve month low of $23.20 and a twelve month high of $31.83. The company has a market capitalization of $20,960.00, a P/E ratio of 16.92, a P/E/G ratio of 2.54 and a beta of 1.35.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the firm earned $0.65 EPS. analysts anticipate that Fifth Third Bancorp will post 1.79 earnings per share for the current year.

In related news, EVP Timothy Spence sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $28.86, for a total value of $432,900.00. Following the transaction, the executive vice president now directly owns 154,577 shares of the company’s stock, valued at approximately $4,461,092.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is currently owned by insiders.

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.

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