News coverage about Fifth Third Bancorp (NASDAQ:FITB) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Fifth Third Bancorp earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 47.0205038195194 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
Fifth Third Bancorp (NASDAQ:FITB) traded up $0.14 during midday trading on Wednesday, reaching $32.39. The company’s stock had a trading volume of 3,291,800 shares, compared to its average volume of 5,458,821. Fifth Third Bancorp has a one year low of $23.20 and a one year high of $33.91. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $22,850.00, a price-to-earnings ratio of 11.50, a P/E/G ratio of 2.11 and a beta of 1.36.
Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.58 billion. Fifth Third Bancorp had a return on equity of 9.65% and a net margin of 27.08%. During the same period last year, the business posted $0.49 earnings per share. analysts forecast that Fifth Third Bancorp will post 2.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, December 28th. Fifth Third Bancorp’s dividend payout ratio is currently 22.46%.
Several analysts recently commented on the company. BidaskClub upgraded Fifth Third Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Bank of America increased their price target on Fifth Third Bancorp from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Oppenheimer reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a research note on Tuesday, October 24th. Morgan Stanley increased their price target on Fifth Third Bancorp from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Finally, Zacks Investment Research lowered Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 12th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Fifth Third Bancorp presently has a consensus rating of “Hold” and an average target price of $30.70.
In related news, SVP Mark D. Hazel sold 7,500 shares of Fifth Third Bancorp stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $32.81, for a total transaction of $246,075.00. Following the sale, the senior vice president now directly owns 62,254 shares of the company’s stock, valued at $2,042,553.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Frank R. Forrest sold 4,836 shares of Fifth Third Bancorp stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $31.90, for a total value of $154,268.40. Following the sale, the executive vice president now directly owns 112,474 shares in the company, valued at $3,587,920.60. The disclosure for this sale can be found here. 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.
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