Q4 2017 Earnings Estimate for Fifth Third Bancorp (FITB) Issued By Jefferies Group
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.
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.
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.
Receive News & Ratings for Fifth Third Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fifth Third Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.