Fifth Third Bancorp (NASDAQ:FITB) – Analysts at Oppenheimer Holdings issued their FY2016 EPS estimates for Fifth Third Bancorp in a research note issued on Wednesday. Oppenheimer Holdings analyst B. Chittenden expects that the brokerage will post earnings per share of $1.83 for the year. Oppenheimer Holdings has a “Market Perform” rating on the stock.

Several other analysts have also issued reports on the stock. Nomura lowered shares of Fifth Third Bancorp from a “neutral” rating to a “reduce” rating in a research report on Monday. Zacks Investment Research lowered shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. Jefferies Group lowered shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating and boosted their price target for the company from $19.50 to $22.00 in a research report on Friday, October 7th. They noted that the move was a valuation call. Wedbush began coverage on shares of Fifth Third Bancorp in a research note on Thursday, October 6th. They set a “neutral” rating and a $22.00 price objective for the company. Finally, Stephens cut shares of Fifth Third Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 5th. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $20.64.

Earnings History and Estimates for Fifth Third Bancorp (NASDAQ:FITB)

Fifth Third Bancorp (NASDAQ:FITB) traded up 0.25% during trading on Friday, hitting $19.79. 11,484,853 shares of the stock traded hands. The stock has a market cap of $15.17 billion, a PE ratio of 9.64 and a beta of 1.33. The company has a 50-day moving average price of $20.33 and a 200-day moving average price of $18.69. Fifth Third Bancorp has a 12 month low of $13.84 and a 12 month high of $21.14.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Fifth Third Bancorp had a net margin of 23.36% and a return on equity of 9.25%. During the same period in the prior year, the business posted $0.36 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Wednesday, September 28th. Fifth Third Bancorp’s dividend payout ratio is presently 25.49%.

Hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. increased its stake in Fifth Third Bancorp by 0.3% in the first quarter. UBS Asset Management Americas Inc. now owns 4,042,503 shares of the financial services provider’s stock worth $67,469,000 after buying an additional 12,179 shares in the last quarter. Scotia Capital Inc. increased its stake in shares of Fifth Third Bancorp by 102.2% in the first quarter. Scotia Capital Inc. now owns 51,139 shares of the financial services provider’s stock valued at $854,000 after buying an additional 25,853 shares during the period. Lazard Asset Management LLC increased its stake in shares of Fifth Third Bancorp by 31.0% in the first quarter. Lazard Asset Management LLC now owns 592,508 shares of the financial services provider’s stock valued at $9,888,000 after buying an additional 140,136 shares during the period. Optimum Investment Advisors increased its stake in shares of Fifth Third Bancorp by 10.1% in the first quarter. Optimum Investment Advisors now owns 25,110 shares of the financial services provider’s stock valued at $419,000 after buying an additional 2,300 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in shares of Fifth Third Bancorp by 186.5% in the first quarter. Meeder Asset Management Inc. now owns 25,131 shares of the financial services provider’s stock valued at $420,000 after buying an additional 16,359 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:FITB

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