Somewhat Favorable News Coverage Somewhat Unlikely to Impact Fifth Third Bancorp (FITB) Stock Price
Media headlines about Fifth Third Bancorp (NASDAQ:FITB) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fifth Third Bancorp earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.852497125315 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Fifth Third Bancorp (FITB) Nice-Looking Insider Ownership of 0.10%- Investors Bancorp, Inc. (ISBC) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Top-notch Stocks to Watch: SunTrust Banks, Inc. (STI), Fifth Third Bancorp (FITB) – Market Movers (financialqz.com)
- What's in the Cards for Fifth Third (FITB) in Q4 Earnings? (finance.yahoo.com)
- United Services Automobile Association Boosts Position in Fifth Third Bancorp (FITB) (tingoos.com)
- What’s in the Cards for Fifth Third (FITB) in Q4 Earnings? (zacks.com)
Fifth Third Bancorp (NASDAQ:FITB) traded up $0.27 during midday trading on Monday, reaching $32.77. The company’s stock had a trading volume of 6,031,070 shares, compared to its average volume of 6,280,000. The firm has a market capitalization of $23,120.00, a price-to-earnings ratio of 12.37, a P/E/G ratio of 2.22 and a beta of 1.35. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.89 and a quick ratio of 0.89. Fifth Third Bancorp has a one year low of $23.20 and a one year high of $32.88.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, December 28th. Fifth Third Bancorp’s dividend payout ratio (DPR) is currently 24.15%.
FITB has been the topic of several research analyst reports. Zacks Investment Research lowered Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report 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 lowered Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $28.47 to $26.00 in a research note on Friday, November 17th. Morgan Stanley lifted their price target on 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 reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a research note on Thursday, December 7th. Four investment 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 an average rating of “Hold” and an average price target of $29.33.
In other Fifth Third Bancorp news, EVP Timothy Spence sold 15,000 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $28.86, for a total transaction of $432,900.00. Following the transaction, the executive vice president now owns 154,577 shares of the company’s stock, valued at $4,461,092.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.38% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.watchlistnews.com/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-fifth-third-bancorp-fitb-stock-price/1818740.html.
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.