News articles about Fifth Third Bancorp (NASDAQ:FITB) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fifth Third Bancorp earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.9648904515745 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Financial Review: TriCo Bancshares (TCBK) and Fifth Third Bancorp (FITB) (americanbankingnews.com)
- BidaskClub Upgrades Fifth Third Bancorp (FITB) to “Buy” (americanbankingnews.com)
- Short Term Technical Analysis: INSYS Therapeutics, Inc. (INSY), Fifth Third Bancorp (FITB) – Market Movers (financialqz.com)
- Deal watch: Why this regional player could be Nashville’s next bank buyer – Nashville Business Journal (bizjournals.com)
- Fifth Third Bancorp (FITB) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
Several research firms have issued reports on FITB. BidaskClub raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Robert W. Baird lowered shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and set a $24.00 price objective on the stock. in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, October 11th. BMO Capital Markets reissued a “hold” rating and issued a $32.00 price objective on shares of Fifth Third Bancorp in a research report on Friday, December 8th. Finally, Oppenheimer reissued a “hold” rating on shares of Fifth Third Bancorp in a research report on Thursday, December 7th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.33.
Fifth Third Bancorp (FITB) traded up $0.49 during mid-day trading on Friday, hitting $32.35. 4,346,404 shares of the company traded hands, compared to its average volume of 5,199,168. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.89 and a quick ratio of 0.89. Fifth Third Bancorp has a fifty-two week low of $23.20 and a fifty-two week high of $32.36. The firm has a market capitalization of $22,825.54, a P/E ratio of 12.12, a PEG ratio of 2.21 and a beta of 1.35.
Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. Fifth Third Bancorp had a net margin of 25.81% and a return on equity of 9.58%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the company posted $0.65 earnings per share. equities research analysts anticipate that Fifth Third Bancorp will post 1.78 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.64 annualized dividend and a dividend yield of 1.98%. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 23.97%.
In related news, EVP Timothy Spence sold 15,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were 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 $4,461,092.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.38% of the company’s stock.
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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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