Fifth Third Bancorp (FITB) to Issue Quarterly Dividend of $0.16

Fifth Third Bancorp (NASDAQ:FITB) declared a quarterly dividend on Tuesday, December 19th, RTT News reports. Investors of record on Friday, December 29th will be given a dividend of 0.16 per share by the financial services provider on Tuesday, January 16th. This represents a $0.64 annualized dividend and a yield of 2.01%. The ex-dividend date is Thursday, December 28th.

Fifth Third Bancorp (NASDAQ FITB) traded up $0.28 during mid-day trading on Thursday, reaching $31.86. 3,379,500 shares of the company were exchanged, compared to its average volume of 5,782,349. Fifth Third Bancorp has a one year low of $23.20 and a one year high of $31.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.93. The firm has a market cap of $22,340.00, a PE ratio of 12.02, a PEG ratio of 2.20 and a beta of 1.35.

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

In other Fifth Third Bancorp news, EVP Timothy Spence sold 15,000 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is owned by corporate insiders.

Several analysts recently issued reports on FITB shares. Zacks Investment Research lowered shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Friday, October 27th. UBS Group reiterated a “sell” rating and set a $26.00 price target (up from $25.00) on shares of Fifth Third Bancorp in a research note on Friday, October 6th. Macquarie lowered shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $28.47 to $26.00 in a research note on Friday, November 17th. Morgan Stanley upped their target price 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. Finally, Oppenheimer restated a “hold” rating on shares of Fifth Third Bancorp in a research note on Thursday, December 7th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the company. Fifth Third Bancorp presently has a consensus rating of “Hold” and a consensus target price of $29.33.

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About Fifth Third Bancorp

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.

Dividend History for Fifth Third Bancorp (NASDAQ:FITB)

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