Fifth Third Bancorp (NASDAQ:FITB) – Stock analysts at Jefferies Group reduced their Q4 2017 EPS estimates for Fifth Third Bancorp in a research note issued to investors on Monday. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will post earnings of $0.48 per share for the quarter, down from their prior estimate of $0.49. Jefferies Group also issued estimates for Fifth Third Bancorp’s FY2018 earnings at $2.30 EPS.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $0.65 EPS.

FITB has been the subject of a number of other reports. Zacks Investment Research cut Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. UBS Group reaffirmed a “sell” rating and issued a $26.00 price target (up from $25.00) on shares of Fifth Third Bancorp in a research note on Friday, October 6th. Macquarie cut Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $28.47 to $26.00 in a research note on Friday, November 17th. Morgan Stanley upped their price target on Fifth Third Bancorp from $30.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a research note on Thursday, December 7th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.33.

Shares of Fifth Third Bancorp (NASDAQ FITB) opened at $31.25 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $22,050.00, a PE ratio of 11.79, a PEG ratio of 2.20 and a beta of 1.35. Fifth Third Bancorp has a 52 week low of $23.20 and a 52 week high of $31.83.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.16 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.64 annualized dividend and a dividend yield of 2.05%. Fifth Third Bancorp’s dividend payout ratio is presently 24.15%.

In related news, EVP Timothy Spence sold 15,000 shares of the business’s stock in a transaction that occurred 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 directly owns 154,577 shares in the company, valued at approximately $4,461,092.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in FITB. Janus Henderson Group PLC boosted its position in Fifth Third Bancorp by 7,461.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,612,026 shares of the financial services provider’s stock worth $197,608,000 after acquiring an additional 7,511,357 shares during the last quarter. Balyasny Asset Management LLC boosted its position in Fifth Third Bancorp by 265.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,821,186 shares of the financial services provider’s stock worth $99,198,000 after acquiring an additional 2,775,259 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Fifth Third Bancorp by 97.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,382,624 shares of the financial services provider’s stock worth $87,813,000 after acquiring an additional 1,670,055 shares during the last quarter. Vanguard Group Inc. boosted its position in Fifth Third Bancorp by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 57,881,541 shares of the financial services provider’s stock worth $1,502,604,000 after acquiring an additional 639,361 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Fifth Third Bancorp by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,368,466 shares of the financial services provider’s stock worth $269,182,000 after acquiring an additional 431,863 shares during the last quarter. 83.84% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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