Fifth Third Bancorp (NASDAQ:FITB) declared a quarterly dividend on Tuesday, September 20th. Investors of record on Friday, September 30th will be given a dividend of 0.13 per share by the financial services provider on Monday, October 17th. This represents a $0.52 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, September 28th.

Several research firms recently weighed in on FITB. Nomura restated a “hold” rating on shares of Fifth Third Bancorp in a report on Saturday, July 9th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a research report on Saturday, July 9th. Jefferies Group reaffirmed a “buy” rating and issued a $21.00 price objective (up previously from $19.50) on shares of Fifth Third Bancorp in a research report on Friday, May 27th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a research report on Saturday, June 4th. Finally, FBR & Co reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Fifth Third Bancorp in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $20.41.

Several large investors have recently added to or reduced their stakes in FITB. Banced Corp boosted its stake in Fifth Third Bancorp by 0.7% in the second quarter. Banced Corp now owns 18,101 shares of the financial services provider’s stock valued at $342,000 after buying an additional 117 shares during the last quarter. BlackRock Inc. boosted its stake in Fifth Third Bancorp by 12.7% in the second quarter. BlackRock Inc. now owns 1,709,727 shares of the financial services provider’s stock valued at $30,074,000 after buying an additional 192,244 shares during the last quarter. BlackRock Group LTD boosted its stake in Fifth Third Bancorp by 1.0% in the second quarter. BlackRock Group LTD now owns 6,645,729 shares of the financial services provider’s stock valued at $116,900,000 after buying an additional 62,773 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in Fifth Third Bancorp by 3.7% in the second quarter. Wetherby Asset Management Inc. now owns 11,971 shares of the financial services provider’s stock valued at $211,000 after buying an additional 431 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in Fifth Third Bancorp by 2.1% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 148,213 shares of the financial services provider’s stock valued at $2,607,000 after buying an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at 20.80 on Friday. Fifth Third Bancorp has a 12-month low of $13.84 and a 12-month high of $21.14. The company’s 50-day moving average is $19.86 and its 200-day moving average is $18.33. The company has a market capitalization of $15.94 billion, a price-to-earnings ratio of 10.13 and a beta of 1.27.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. Fifth Third Bancorp had a net margin of 23.36% and a return on equity of 9.25%. During the same quarter in the previous year, the company earned $0.36 EPS. Analysts predict that Fifth Third Bancorp will post $1.60 EPS for the current year.

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.

5 Day Chart for NASDAQ:FITB

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