Fifth Third Bancorp (FITB) to Issue Quarterly Dividend of $0.14 on April 17th

Fifth Third Bancorp (NASDAQ:FITB) announced a quarterly dividend on Tuesday, February 28th. Stockholders of record on Friday, March 31st will be given a dividend of 0.14 per share by the financial services provider on Monday, April 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Wednesday, March 29th.

Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at 24.73 on Tuesday. The firm has a market capitalization of $18.57 billion, a P/E ratio of 12.81 and a beta of 1.29. The stock has a 50 day moving average of $26.82 and a 200-day moving average of $24.71. Fifth Third Bancorp has a 12-month low of $16.02 and a 12-month high of $28.97.

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

Dividend History for Fifth Third Bancorp (NASDAQ:FITB)

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A number of research firms have issued reports on FITB. Hilliard Lyons cut Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and set a $27.00 price target on the stock. in a report on Thursday, March 2nd. Evercore ISI cut Fifth Third Bancorp from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Zacks Investment Research upgraded Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Tuesday, February 28th. Rafferty Capital Markets cut Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, March 7th. Finally, Barclays PLC restated an “equal weight” rating and set a $29.00 price target (up from $22.00) on shares of Fifth Third Bancorp in a report on Tuesday, January 3rd. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.67.

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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