Fifth Third Bancorp (NASDAQ:FITB) has earned a consensus recommendation of “Hold” from the twenty-six ratings firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $30.50.
Several analysts recently commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $35.00 target price on shares of Fifth Third Bancorp in a report on Wednesday, January 24th. BMO Capital Markets reiterated a “hold” rating and issued a $36.00 target price on shares of Fifth Third Bancorp in a report on Wednesday, January 24th. Morgan Stanley upped their target price on Fifth Third Bancorp from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. BidaskClub upgraded Fifth Third Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, Vining Sparks reiterated a “buy” rating and issued a $35.00 target price on shares of Fifth Third Bancorp in a report on Sunday, January 28th.
In other Fifth Third Bancorp news, SVP Mark D. Hazel sold 7,500 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 62,254 shares of the company’s stock, valued at $2,042,553.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Frank R. Forrest sold 4,836 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $31.90, for a total value of $154,268.40. Following the completion of the transaction, the executive vice president now directly owns 112,474 shares in the company, valued at $3,587,920.60. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.
Shares of Fifth Third Bancorp (FITB) opened at $32.39 on Wednesday. Fifth Third Bancorp has a twelve month low of $23.20 and a twelve month high of $33.91. The company has a market capitalization of $22,850.00, a P/E ratio of 11.36, a P/E/G ratio of 2.11 and a beta of 1.36. 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 (NASDAQ:FITB) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 EPS for the quarter, beating 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 analysts’ expectations of $1.58 billion. During the same period in the prior year, the business posted $0.49 earnings per share. equities analysts predict that Fifth Third Bancorp will post 2.28 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, December 28th. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 22.46%.
About Fifth Third Bancorp
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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