Fifth Third Bancorp (NASDAQ:FITB)’s share price rose 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 changing hands. The stock had previously closed at $17.94.

FITB has been the topic of several recent research reports. Evercore ISI cut Fifth Third Bancorp from a “buy” rating to a “hold” rating and dropped their price target for the company from $20.00 to $18.00 in a research report on Friday, April 1st. BMO Capital Markets cut Fifth Third Bancorp from an “outperform” rating to a “market perform” rating and set a $19.00 price target on the stock. in a research report on Tuesday, April 5th. Sterne Agee CRT cut Fifth Third Bancorp from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $18.00 in a research report on Wednesday, April 6th. JPMorgan Chase & Co. dropped their price target on Fifth Third Bancorp from $19.50 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, April 7th. Finally, Credit Suisse Group AG restated a “sell” rating on shares of Fifth Third Bancorp in a research report on Monday, April 18th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $20.15.

The stock has a market capitalization of $14.23 billion and a price-to-earnings ratio of 9.29. The company has a 50 day moving average price of $18.07 and a 200-day moving average price of $17.30.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.80%.

Several hedge funds and institutional investors recently bought and sold shares of FITB. Wells Fargo & Company MN raised its position in 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. Standard Life Investments LTD raised its position in 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. Gulf International Bank UK Ltd raised its position in 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Fifth Third Bancorp by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,898 shares of the financial services provider’s stock worth $1,043,000 after buying an additional 289 shares in the last quarter. Finally, Afam Capital Inc. bought a new position in Fifth Third Bancorp during the fourth quarter worth approximately $4,771,000.

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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