Fifth Third Bancorp (NASDAQ:FITB) was upgraded by equities research analysts at Hilliard Lyons from an “underperform” rating to a “neutral” rating in a report issued on Monday, The Fly reports.

A number of other analysts also recently weighed in on FITB. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Fifth Third Bancorp in a research report on Tuesday, January 24th. Rafferty Capital Markets downgraded shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Zacks Investment Research raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Monday, January 9th. Wedbush raised their price target on shares of Fifth Third Bancorp from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 30th. Finally, Evercore ISI downgraded shares of Fifth Third Bancorp from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company’s stock. Fifth Third Bancorp has an average rating of “Hold” and a consensus price target of $22.67.

Analyst Recommendations for Fifth Third Bancorp (NASDAQ:FITB)

Fifth Third Bancorp (NASDAQ:FITB) opened at 26.35 on Monday. Fifth Third Bancorp has a 52 week low of $16.02 and a 52 week high of $28.97. The firm has a market capitalization of $19.79 billion, a PE ratio of 13.65 and a beta of 1.29. The firm has a 50-day moving average of $27.03 and a 200 day moving average of $24.49.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Fifth Third Bancorp had a net margin of 22.53% and a return on equity of 10.15%. During the same quarter in the prior year, the company earned $0.79 earnings per share. Analysts predict that Fifth Third Bancorp will post $1.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 29th. Fifth Third Bancorp’s dividend payout ratio (DPR) is 28.87%.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Focused Wealth Management Inc acquired a new position in shares of Fifth Third Bancorp during the fourth quarter worth approximately $119,000. Virtus Investment Advisers Inc. acquired a new position in shares of Fifth Third Bancorp during the third quarter worth approximately $128,000. Duncker Streett & Co. Inc. raised its position in shares of Fifth Third Bancorp by 0.3% in the third quarter. Duncker Streett & Co. Inc. now owns 6,439 shares of the financial services provider’s stock worth $132,000 after buying an additional 20 shares during the period. Cornerstone Advisors Inc. raised its position in shares of Fifth Third Bancorp by 3,759.8% in the third quarter. Cornerstone Advisors Inc. now owns 6,909 shares of the financial services provider’s stock worth $141,000 after buying an additional 6,730 shares during the period. Finally, ARP Americas LLC acquired a new position in shares of Fifth Third Bancorp during the fourth quarter worth approximately $208,000. 81.97% of the stock is currently owned by 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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