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)

TRADEMARK VIOLATION WARNING: This story was originally posted by Mideast Time and is the sole property of of Mideast Time. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.mideasttime.com/fifth-third-bancorp-fitb-to-issue-quarterly-dividend-of-0-14-on-april-17th/1589862.html.

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

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.



Leave a Reply

 
© 2006-2017 Mideast Time.