Fifth Third Bancorp (NASDAQ:FITB)’s share price shot up 2.7% during mid-day trading on Thursday . The stock traded as high as $18.51 and last traded at $18.42, with a volume of 3,648,070 shares trading hands. The stock had previously closed at $17.94.

A number of equities analysts recently weighed in on FITB shares. Jefferies Group reaffirmed a “buy” rating and issued a $21.00 price target (up previously from $19.50) on shares of Fifth Third Bancorp in a report on Friday, May 27th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a report on Saturday, July 9th. Nomura Holdings Inc. reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a report on Saturday, July 9th. FBR & Co reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a report on Saturday, April 23rd. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a report on Saturday, June 4th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the company’s stock. Fifth Third Bancorp presently has a consensus rating of “Hold” and an average target price of $20.15.

The company has a market cap of $14.16 billion and a price-to-earnings ratio of 9.24. The stock’s 50 day moving average is $18.08 and its 200 day moving average is $17.31.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings results on Thursday, April 21st. The financial services provider reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. During the same quarter in the prior year, the business posted $0.44 earnings per share. On average, equities analysts anticipate that Fifth Third Bancorp will post $1.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Tuesday, June 28th.

Several hedge funds have made changes to their positions in FITB. Boston Partners raised its stake in shares of Fifth Third Bancorp by 6.1% in the fourth quarter. Boston Partners now owns 36,384,562 shares of the financial services provider’s stock worth $731,330,000 after buying an additional 2,084,783 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Fifth Third Bancorp by 7.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,097,888 shares of the financial services provider’s stock worth $102,467,000 after buying an additional 359,296 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Fifth Third Bancorp by 1.8% in the fourth quarter. Gulf International Bank UK Ltd now owns 244,168 shares of the financial services provider’s stock worth $4,908,000 after buying an additional 4,200 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Fifth Third Bancorp by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 46,665,894 shares of the financial services provider’s stock worth $937,984,000 after buying an additional 1,083,851 shares in the last quarter. Finally, Standard Life Investments LTD raised its stake in shares of Fifth Third Bancorp by 11.7% in the fourth quarter. Standard Life Investments LTD now owns 3,732,454 shares of the financial services provider’s stock worth $75,041,000 after buying an additional 391,054 shares in the last quarter.

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.

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