Somewhat Positive Media Coverage Somewhat Unlikely to Affect Fifth Third Bancorp (FITB) Share Price

News coverage about Fifth Third Bancorp (NASDAQ:FITB) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fifth Third Bancorp earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.7364611404415 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

Shares of Fifth Third Bancorp (NASDAQ:FITB) traded up $0.36 during trading on Friday, hitting $30.03. The stock had a trading volume of 16,787,129 shares, compared to its average volume of 6,510,000. The stock has a market capitalization of $21,190.00, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 2.51 and a beta of 1.35. 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 52-week low of $23.20 and a 52-week high of $31.83.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%. During the same quarter last year, the business posted $0.65 earnings per share. sell-side analysts forecast that Fifth Third Bancorp will post 1.79 earnings per share for the current fiscal year.

A number of equities research analysts have commented on FITB shares. Zacks Investment Research cut Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Friday, October 27th. UBS reissued a “sell” rating and set a $26.00 price target (up from $25.00) on shares of Fifth Third Bancorp in a report on Friday, October 6th. Bank of America raised their price target on Fifth Third Bancorp from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Piper Jaffray Companies reissued a “hold” rating and set a $27.00 price target on shares of Fifth Third Bancorp in a report on Tuesday, October 24th. Finally, Morgan Stanley raised their price target on Fifth Third Bancorp from $30.00 to $34.00 and gave the company an “equal weight” rating in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.68.

In related news, EVP Timothy Spence sold 15,000 shares of Fifth Third Bancorp stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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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