Fifth Third Bancorp (FITB) to Issue Quarterly Dividend of $0.16 on January 16th

Fifth Third Bancorp (NASDAQ:FITB) declared a quarterly dividend on Tuesday, December 19th, RTT News reports. Stockholders of record on Friday, December 29th will be paid a dividend of 0.16 per share by the financial services provider on Tuesday, January 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, December 28th.

Shares of Fifth Third Bancorp (FITB) traded down $0.16 on Wednesday, hitting $30.68. The stock had a trading volume of 1,978,300 shares, compared to its average volume of 5,857,435. Fifth Third Bancorp has a fifty-two week low of $23.20 and a fifty-two week high of $31.83. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $21,650.00, a PE ratio of 11.58, a PEG ratio of 2.58 and a beta of 1.35.

Fifth Third Bancorp (NASDAQ:FITB) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share (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 business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the firm posted $0.65 EPS. analysts anticipate that Fifth Third Bancorp will post 1.79 earnings per share for the current fiscal year.

In other Fifth Third Bancorp news, EVP Timothy Spence sold 15,000 shares of the stock in a transaction 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 in the company, valued at approximately $4,461,092.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on FITB shares. Sanford C. Bernstein reissued a “market perform” rating and issued a $31.00 target price (up from $29.00) on shares of Fifth Third Bancorp in a report on Saturday, September 16th. Zacks Investment Research raised Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Monday, September 25th. Deutsche Bank reaffirmed a “hold” rating and set a $27.00 price target (up from $24.00) on shares of Fifth Third Bancorp in a report on Tuesday, September 26th. Nomura raised their price target on Fifth Third Bancorp from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, September 28th. Finally, Instinet reaffirmed a “neutral” rating and set a $29.00 price target (up from $28.00) on shares of Fifth Third Bancorp in a report on Saturday, September 30th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $28.68.

WARNING: This piece was posted by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://www.com-unik.info/2017/12/27/fifth-third-bancorp-fitb-to-issue-quarterly-dividend-of-0-16-on-january-16th.html.

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.

Dividend History for Fifth Third Bancorp (NASDAQ:FITB)

What are top analysts saying about Fifth Third Bancorp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Fifth Third Bancorp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit