Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Fifth Third Bancorp (FITB) Stock Price

Media stories about Fifth Third Bancorp (NASDAQ:FITB) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fifth Third Bancorp earned a news impact score of 0.08 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 42.4603681489733 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Shares of Fifth Third Bancorp (NASDAQ FITB) opened at $32.35 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.93. 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 $22,479.82, a price-to-earnings ratio of 12.12, a P/E/G ratio of 2.18 and a beta of 1.35.

Fifth Third Bancorp (NASDAQ:FITB) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the company earned $0.65 earnings per share. analysts anticipate that Fifth Third Bancorp will post 1.78 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, December 28th. Fifth Third Bancorp’s dividend payout ratio is currently 23.97%.

FITB has been the topic of several recent research reports. Zacks Investment Research cut shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. UBS Group reaffirmed a “sell” rating and issued a $26.00 target price (up previously from $25.00) on shares of Fifth Third Bancorp in a research report on Friday, October 6th. Bank of America upped their target price on shares of Fifth Third Bancorp from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Piper Jaffray Companies reiterated a “hold” rating and set a $27.00 price target on shares of Fifth Third Bancorp in a research note on Tuesday, October 24th. Finally, Morgan Stanley boosted their price target on shares of Fifth Third Bancorp from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. 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 has a consensus rating of “Hold” and a consensus price target of $29.33.

In other news, EVP Timothy Spence sold 15,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $28.86, for a total value of $432,900.00. Following the completion of the transaction, the executive vice president now owns 154,577 shares in the company, valued at $4,461,092.22. The sale was disclosed in a document filed with the SEC, which is available at this link. Company 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.

Insider Buying and Selling by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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