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

A number of firms have modified their ratings and price targets on shares of Fifth Third Bancorp (NASDAQ: FITB) recently:

  • 7/16/2017 – Fifth Third Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/14/2017 – Fifth Third Bancorp had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $28.00 price target on the stock.
  • 7/14/2017 – Fifth Third Bancorp had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $27.50 price target on the stock.
  • 7/6/2017 – Fifth Third Bancorp had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $28.00 price target on the stock, up previously from $26.00.
  • 7/3/2017 – Fifth Third Bancorp had its “hold” rating reaffirmed by analysts at Deutsche Bank AG.
  • 6/30/2017 – Fifth Third Bancorp had its price target raised by analysts at Instinet from $27.00 to $28.00. They now have a “neutral” rating on the stock.
  • 6/23/2017 – Fifth Third Bancorp was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 6/10/2017 – Fifth Third Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/5/2017 – Fifth Third Bancorp was upgraded by analysts at Robert W. Baird from an “underperform” rating to a “neutral” rating. They now have a $24.00 price target on the stock.
  • 5/26/2017 – Fifth Third Bancorp was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 5/26/2017 – Fifth Third Bancorp had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $26.50 price target on the stock.
  • 5/26/2017 – Fifth Third Bancorp had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $27.00 price target on the stock.

Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at 26.16 on Tuesday. The company’s 50 day moving average price is $24.66 and its 200-day moving average price is $25.83. The stock has a market capitalization of $19.63 billion, a PE ratio of 13.68 and a beta of 1.36. Fifth Third Bancorp has a 52 week low of $18.16 and a 52 week high of $28.97.

Fifth Third Bancorp (NASDAQ:FITB) last released its earnings results on Tuesday, April 25th. The financial services provider reported $0.38 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. Fifth Third Bancorp had a return on equity of 10.12% and a net margin of 22.64%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the firm posted $0.40 EPS. Equities research analysts predict that Fifth Third Bancorp will post $1.79 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.56 annualized dividend and a yield of 2.14%. Fifth Third Bancorp’s payout ratio is 29.17%.

In related news, EVP Frank R. Forrest sold 13,321 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $24.63, for a total transaction of $328,096.23. Following the completion of the transaction, the executive vice president now directly owns 71,793 shares of the company’s stock, valued at approximately $1,768,261.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Teresa J. Tanner sold 26,010 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $24.90, for a total value of $647,649.00. Following the transaction, the chief accounting officer now directly owns 41,286 shares of the company’s stock, valued at $1,028,021.40. The disclosure for this sale can be found here. Insiders have sold a total of 109,315 shares of company stock valued at $2,716,947 over the last three months. 0.38% of the stock is currently owned by insiders.

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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