Media headlines about Fifth Third Bank (NASDAQ:FITB) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fifth Third Bank earned a news impact score of 0.07 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.423368987883 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
Shares of NASDAQ:FITB traded up $0.16 during trading on Monday, reaching $31.40. The stock had a trading volume of 4,276,458 shares, compared to its average volume of 5,215,225. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market capitalization of $21,461.32, a PE ratio of 11.72, a P/E/G ratio of 1.71 and a beta of 1.32. Fifth Third Bank has a 1-year low of $23.20 and a 1-year high of $34.57.
Fifth Third Bank (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, topping the Zacks’ consensus estimate of $0.47 by $0.05. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.58 billion. Fifth Third Bank had a return on equity of 9.65% and a net margin of 27.08%. During the same period in the previous year, the company posted $0.49 earnings per share. analysts expect that Fifth Third Bank will post 2.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, March 28th. Fifth Third Bank’s dividend payout ratio (DPR) is currently 23.88%.
Fifth Third Bank declared that its board has authorized a share buyback program on Tuesday, February 27th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
FITB has been the topic of several research analyst reports. BidaskClub raised Fifth Third Bank from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Bank of America raised their price objective on Fifth Third Bank from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Morgan Stanley raised their price objective on Fifth Third Bank from $30.00 to $34.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $35.00 price objective on shares of Fifth Third Bank in a report on Wednesday, January 24th. Finally, Zacks Investment Research raised Fifth Third Bank from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $31.05.
In other Fifth Third Bank news, SVP Mark D. Hazel sold 19,324 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $33.37, for a total transaction of $644,841.88. Following the transaction, the senior vice president now owns 57,459 shares of the company’s stock, valued at $1,917,406.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark D. Hazel sold 7,500 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $32.81, for a total value of $246,075.00. Following the transaction, the senior vice president now directly owns 62,254 shares in the company, valued at approximately $2,042,553.74. The disclosure for this sale can be found here. Insiders have sold 183,978 shares of company stock worth $6,033,127 in the last three months. 0.40% of the stock is currently owned by corporate insiders.
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Fifth Third Bank 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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