Research Report For Fifth Third Bancorp (FITB)

Baird now has $24.00 price target on the financial services provider's stock. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.7. BMO Capital Markets reiterated a "hold" rating and issued a $28.00 price objective on shares of Fifth Third Bancorp in a report on Tuesday, April 25th. Zacks Investment Research upgraded Fifth Third Bancorp from a hold rating to a buy rating and set a $29.00 target price for the company in a report on Thursday, July 27th. There are brokerage firms with lower targets than the average, including one setting a price target of $24. Analysts set a 12-month price target of $11.83 a share. This rating score is based on a 1-5 scale where a 5 would reveal a Strong Buy, a 4 indicates a Moderate Buy, 3 would equal to a hold, 2 means a moderate sell, and a rating of 1 would display a Strong Sell.

Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at 27.81 on Monday. Fifth Third Bancorp has a 1-year low of $19.57 and a 1-year high of $28.97. The firm's 50-day moving average is $26.70 and its 200-day moving average is $25.64. Flinton Capital Management LLC's holdings in Fifth Third Bancorp were worth $4,716,000 at the end of the most recent reporting period. The company reported the earnings of $0.45/Share in the last quarter where the estimated EPS by analysts was $0.43/share. Three months ago, analysts assigned FITB a 2.90 rating, which implies that analysts largely still feel the same about the outlook for the stock over the next year. Fifth Third Bancorp had a return on equity of 10.15% and a net margin of 22.53%. This works out to a decrease of -4.71% compared to last year's earnings. On average, analysts forecast that Fifth Third Bancorp will post $1.83 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was reported by Marea Informative and is the property of of Marea Informative. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of USA and global trademark and copyright legislation. The legal version of this report can be accessed at FITB's 9-day MACD now sits below the 20-day MACD, indicating that FITB's upside momentum has decreased during the last three weeks. The shares were sold at an average price of $24.88, for a total value of $1,368,001.92.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.16 dividend.

Over the past year, the price of Fifth Third Bancorp (FITB) has increased 35.86% while the S&P 500 has increased 17.92%. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.64 annualized dividend and a yield of 2.30%. The Current Ratio for Fifth Third Bancorp is valued at *tba giving investors the idea of the corporation's ability to pay back its liabilities (debts and accounts payables) via its existing assets (cash, marketable securities, inventory, accounts receivables). Following the transaction, the executive vice president now owns 71,793 shares of the company's stock, valued at approximately $1,881,694.53.

Technical traders may be looking at recent indicator levels on shares of Atlas Air Ww (AAWW). AQR Capital Management LLC boosted its position in Fifth Third Bancorp by 87.1% during the first quarter. The fund owned 51,408 shares of the financial services provider's stock after selling 7,140 shares during the period. This is a positive change from Fifth Third Bancorp's previous quarterly dividend of $0.14. Janus Henderson Group PLC now owns 7,612,026 shares of the financial services provider's stock worth $197,608,000 after purchasing an additional 7,511,357 shares during the period. Neuberger Berman Group LLC grew its position in shares of Fifth Third Bancorp by 1.6% in the 1st quarter. Capital Fund Management S.A. now owns 321,226 shares of the financial services provider's stock worth $8,339,000 after acquiring an additional 132,047 shares in the last quarter. Ancora Advisors LLC now owns 13,588 shares of the financial services provider's stock worth $367,000 after buying an additional 225 shares during the period. Gotham Asset Management LLC bought a new stake in shares of Fifth Third Bancorp in the first quarter worth about $303,000.

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