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

Several brokerages have updated their recommendations and price targets on shares of Fifth Third Bancorp (NASDAQ: FITB) in the last few weeks:

  • 3/20/2017 – Fifth Third Bancorp was upgraded by analysts at Hilliard Lyons from an “underperform” rating to a “neutral” rating.
  • 3/7/2017 – Fifth Third Bancorp was downgraded by analysts at Rafferty Capital Markets from a “buy” rating to a “hold” rating.
  • 3/3/2017 – Fifth Third Bancorp was downgraded by analysts at Evercore ISI from a “hold” rating to an “underperform” rating.
  • 3/2/2017 – Fifth Third Bancorp was downgraded by analysts at Hilliard Lyons from a “neutral” rating to an “underperform” rating. They now have a $27.00 price target on the stock.
  • 2/28/2017 – Fifth Third Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock. According to Zacks, “Fifth Third’s shares have outperformed the Zacks categorized Regional Banks-Major industry over the last six months. We remain encouraged by the company’s ongoing strategic efforts, such as Project North Star, which are likely to boost its efficiency and revenue in the long run. Further, in Dec 2016, the company increased its quarterly dividend by nearly 8%, boosting shareholders’ wealth. Though the company’s branch digitization initiative and legal costs continue leading to an increase in expenses, margin pressure seems to be easing gradually given the recent Fed interest rate hike and improving economic backdrop.”
  • 2/27/2017 – Fifth Third Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Fifth Third’s shares have outperformed the Zacks categorized Regional Banks-Major industry over the last six months. The company’s margin pressure seems to be easing gradually given the recent Fed interest rate hike and improving economic backdrop. Also, we remain encouraged by the company’s ongoing strategic efforts which are likely to boost its efficiency and revenue in the long run. In Dec 2016, the company increased its quarterly dividend by nearly 8%, boosting shareholders’ wealth. Nonetheless, the company’s branch digitization initiative and legal costs continue leading to an increase in expenses. Also, strict regulatory landscape remains key concern.”
  • 1/25/2017 – Fifth Third Bancorp was upgraded by analysts at Hilliard Lyons from an “underperform” rating to a “neutral” rating. They now have a $26.00 price target on the stock.
  • 1/25/2017 – Fifth Third Bancorp had its price target lowered by analysts at Wedbush from $27.00 to $26.00. They now have a “neutral” rating on the stock.
  • 1/25/2017 – Fifth Third Bancorp was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating. They now have a $28.00 price target on the stock.
  • 1/24/2017 – Fifth Third Bancorp had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..

Fifth Third Bancorp (NASDAQ:FITB) traded down 0.626% during mid-day trading on Monday, reaching $26.185. The company’s stock had a trading volume of 6,475,443 shares. The company has a market cap of $19.66 billion, a price-to-earnings ratio of 13.567 and a beta of 1.29. Fifth Third Bancorp has a 52-week low of $16.02 and a 52-week high of $28.97. The firm has a 50 day moving average price of $27.03 and a 200 day moving average price of $24.49.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. Fifth Third Bancorp had a return on equity of 10.15% and a net margin of 22.53%. During the same quarter in the prior year, the company posted $0.79 earnings per share. Equities research analysts anticipate that Fifth Third Bancorp will post $1.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 29th. This represents a $0.56 dividend on an annualized basis and a yield of 2.14%. Fifth Third Bancorp’s payout ratio is currently 28.87%.

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.

5 Day Chart for NASDAQ:FITB

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