Recent Investment Analysts’ Ratings Changes for Fifth Third Bancorp (FITB)

Several analysts have recently updated their ratings and price targets for Fifth Third Bancorp (NASDAQ: FITB):

  • 2/2/2018 – Fifth Third Bancorp was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 1/28/2018 – Fifth Third Bancorp had its “buy” rating reaffirmed by analysts at Vining Sparks. They now have a $35.00 price target on the stock. They wrote, “We believe that FITB should be able to improve its full year ROTCE in 2018E by approximately 2 full percentage points while also continuing to generate meaningful TBV growth, as it benefits from the continued normalization of short-term interest rates, accelerated deployment of excess capital, and the realization of tax reform. Therefore, FITB should be able to generate a total shareholder return of around 10% in 2018E, as FITB’s increased profitability should expand its P/TBV valuation multiple towards 190% while also benefitting from a another increase in its dividend following the 2018E CCAR.””
  • 1/26/2018 – Fifth Third Bancorp had its price target raised by analysts at Morgan Stanley from $34.00 to $35.00. They now have an “equal weight” rating on the stock.
  • 1/24/2018 – Fifth Third Bancorp had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $35.00 price target on the stock.
  • 1/24/2018 – Fifth Third Bancorp had its price target raised by analysts at Bank of America Corp from $32.00 to $35.00. They now have a “neutral” rating on the stock.
  • 1/24/2018 – Fifth Third Bancorp had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $36.00 price target on the stock.
  • 1/13/2018 – Fifth Third Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/12/2018 – Fifth Third Bancorp was downgraded by analysts at Zacks Investment Research from a “strong-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 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.”
  • 1/8/2018 – Fifth Third Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. 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 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.”
  • 1/5/2018 – Fifth Third Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/3/2018 – Fifth Third Bancorp had its “sell” rating reaffirmed by analysts at Robert W. Baird. They now have a $29.00 price target on the stock.
  • 1/2/2018 – Fifth Third Bancorp had its price target raised by analysts at Barclays PLC from $31.00 to $35.00. They now have an “equal weight” rating on the stock.
  • 12/22/2017 – Fifth Third Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/16/2017 – Fifth Third Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of Fifth Third Bancorp (FITB) opened at $31.98 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.99. Fifth Third Bancorp has a 1-year low of $23.20 and a 1-year high of $33.91. The company has a market capitalization of $22,187.88, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 2.09 and a beta of 1.36.

Fifth Third Bancorp (NASDAQ:FITB) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. Fifth Third Bancorp had a return on equity of 9.65% and a net margin of 27.08%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the company posted $0.49 earnings per share. sell-side analysts anticipate that Fifth Third Bancorp will post 2.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, December 28th. Fifth Third Bancorp’s dividend payout ratio (DPR) is 22.46%.

In other Fifth Third Bancorp news, SVP Mark D. Hazel sold 7,500 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $32.81, for a total value of $246,075.00. Following the sale, the senior vice president now directly owns 62,254 shares of the company’s stock, valued at $2,042,553.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.38% of the company’s stock.

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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