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.
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.
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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