Fifth Third Bancorp (NASDAQ:FITB) Receives $36.50 Average PT from Brokerages

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) has been given a consensus recommendation of "Hold" by the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $36.50.

Several analysts recently weighed in on the company. UBS Group restated a "neutral" rating and set a $39.00 target price (down previously from $42.00) on shares of Fifth Third Bancorp in a research note on Thursday, April 4th. Robert W. Baird reaffirmed a "neutral" rating and issued a $32.00 price target on shares of Fifth Third Bancorp in a report on Monday, April 1st. Evercore ISI upped their price target on Fifth Third Bancorp from $37.00 to $40.00 and gave the company an "in-line" rating in a report on Thursday, March 28th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $36.00 price target on shares of Fifth Third Bancorp in a report on Monday, April 22nd. Finally, DA Davidson upped their price target on Fifth Third Bancorp from $37.00 to $39.00 and gave the company a "neutral" rating in a report on Monday, April 22nd.

Fifth Third Bancorp Stock Up 0.4 %

Fifth Third Bancorp stock traded up $0.17 during mid-day trading on Thursday, hitting $38.65. The company's stock had a trading volume of 2,590,303 shares, compared to its average volume of 5,233,237. The firm's 50 day moving average is $36.05 and its 200 day moving average is $32.95. The company has a market cap of $26.32 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81. Fifth Third Bancorp has a 52-week low of $22.49 and a 52-week high of $38.71.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last announced its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.05. The firm had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $2.08 billion. Fifth Third Bancorp had a return on equity of 16.11% and a net margin of 17.70%. During the same period in the prior year, the business earned $0.78 EPS. On average, analysts anticipate that Fifth Third Bancorp will post 3.22 earnings per share for the current year.

Fifth Third Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 3.62%. Fifth Third Bancorp's dividend payout ratio is presently 44.44%.

Insider Buying and Selling at Fifth Third Bancorp

In other Fifth Third Bancorp news, EVP Jude Schramm sold 2,500 shares of the business's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $37.50, for a total value of $93,750.00. Following the completion of the transaction, the executive vice president now directly owns 136,922 shares of the company's stock, valued at $5,134,575. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Kala Gibson sold 14,857 shares of the company's stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $36.38, for a total transaction of $540,497.66. Following the sale, the executive vice president now owns 46,646 shares in the company, valued at $1,696,981.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jude Schramm sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $37.50, for a total value of $93,750.00. Following the completion of the sale, the executive vice president now owns 136,922 shares in the company, valued at approximately $5,134,575. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,857 shares of company stock valued at $1,787,638. Company insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Fifth Third Bancorp

A number of large investors have recently added to or reduced their stakes in the stock. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of Fifth Third Bancorp in the 1st quarter valued at $29,000. GoalVest Advisory LLC raised its position in shares of Fifth Third Bancorp by 145.5% in the 4th quarter. GoalVest Advisory LLC now owns 945 shares of the financial services provider's stock worth $33,000 after acquiring an additional 560 shares in the last quarter. Denali Advisors LLC acquired a new stake in shares of Fifth Third Bancorp in the 4th quarter valued at about $36,000. Financial Management Professionals Inc. grew its stake in shares of Fifth Third Bancorp by 1,000.0% in the 4th quarter. Financial Management Professionals Inc. now owns 1,100 shares of the financial services provider's stock valued at $38,000 after buying an additional 1,000 shares during the period. Finally, Authentikos Wealth Advisory LLC acquired a new stake in shares of Fifth Third Bancorp in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 83.79% of the company's stock.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.