Fifth Third Bancorp (NASDAQ:FITB) – Research analysts at Oppenheimer cut their Q4 2017 earnings per share (EPS) estimates for Fifth Third Bancorp in a report released on Tuesday. Oppenheimer analyst B. Chittenden now expects that the financial services provider will post earnings of $0.46 per share for the quarter, down from their prior estimate of $0.47. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Fifth Third Bancorp’s FY2018 earnings at $2.05 EPS and FY2019 earnings at $2.24 EPS.

Several other equities analysts have also commented on FITB. Zacks Investment Research raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Monday, September 25th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Fifth Third Bancorp in a report on Sunday, December 10th. BidaskClub raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Morgan Stanley increased their target price on shares of Fifth Third Bancorp from $30.00 to $34.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Finally, Barclays increased their target price on shares of Fifth Third Bancorp from $31.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $29.23.

Fifth Third Bancorp (NASDAQ:FITB) opened at $30.52 on Thursday. The company has a market cap of $21,470.84, a price-to-earnings ratio of 11.43, a PEG ratio of 2.23 and a beta of 1.35. Fifth Third Bancorp has a twelve month low of $23.20 and a twelve month high of $31.83. 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 (NASDAQ:FITB) last issued 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. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Fifth Third Bancorp had a net margin of 25.81% and a return on equity of 9.58%. During the same quarter in the prior year, the firm earned $0.65 EPS.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Fifth Third Bancorp by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 57,881,541 shares of the financial services provider’s stock worth $1,502,604,000 after acquiring an additional 639,361 shares in the last quarter. Sanders Capital LLC increased its stake in shares of Fifth Third Bancorp by 1.7% in the 3rd quarter. Sanders Capital LLC now owns 13,152,538 shares of the financial services provider’s stock worth $390,680,000 after acquiring an additional 224,800 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Fifth Third Bancorp by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,368,466 shares of the financial services provider’s stock worth $269,182,000 after acquiring an additional 431,863 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Fifth Third Bancorp by 7,461.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,612,026 shares of the financial services provider’s stock worth $197,608,000 after acquiring an additional 7,511,357 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Fifth Third Bancorp by 0.9% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,370,533 shares of the financial services provider’s stock worth $206,228,000 after acquiring an additional 68,086 shares in the last quarter. Institutional investors own 83.84% of the company’s stock.

In other news, EVP Timothy Spence sold 15,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $28.86, for a total value of $432,900.00. Following the completion of the sale, 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 filing with the SEC, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.64 annualized dividend and a dividend yield of 2.10%. Fifth Third Bancorp’s dividend payout ratio is 23.97%.

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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.

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