Fifth Third Bancorp (NASDAQ:FITB) – Jefferies Group increased their FY2016 earnings per share (EPS) estimates for Fifth Third Bancorp in a research report issued to clients and investors on Wednesday. Jefferies Group analyst K. Usdin now expects that the brokerage will earn $1.92 per share for the year, up from their previous forecast of $1.91. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Fifth Third Bancorp’s Q4 2016 earnings at $0.45 EPS.

Fifth Third Bancorp (NASDAQ:FITB) last issued its earnings results on Thursday, October 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.24. Fifth Third Bancorp had a net margin of 24.69% and a return on equity of 10.00%. During the same period last year, the firm posted $0.45 EPS. ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another site, it was stolen and republished in violation of US & international trademark and copyright laws. The legal version of this piece can be accessed at http://www.dailypolitical.com/2017/01/13/fy2016-earnings-forecast-for-fifth-third-bancorp-fitb-issued-by-jefferies-group.html.

Earnings History and Estimates for Fifth Third Bancorp (NASDAQ:FITB)

Several other research analysts have also commented on FITB. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Fifth Third Bancorp in a research note on Thursday, October 20th. Zacks Investment Research upgraded shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Monday. Wedbush increased their price target on shares of Fifth Third Bancorp from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 30th. Hilliard Lyons lowered shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and increased their price target for the stock from $21.50 to $25.00 in a research note on Tuesday, December 20th. Finally, Rafferty Capital Markets upgraded shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, September 16th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $21.74.

Shares of Fifth Third Bancorp (NASDAQ:FITB) traded up 1.15% during midday trading on Friday, hitting $27.22. 2,419,571 shares of the company were exchanged. Fifth Third Bancorp has a one year low of $13.84 and a one year high of $27.88. The stock has a market cap of $20.57 billion, a PE ratio of 12.07 and a beta of 1.28. The stock’s 50-day moving average is $26.70 and its 200-day moving average is $21.55.

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its stake in Fifth Third Bancorp by 153.2% in the second quarter. Advisory Services Network LLC now owns 6,375 shares of the financial services provider’s stock valued at $112,000 after buying an additional 3,857 shares during the last quarter. Virtus Investment Advisers Inc. bought a new stake in Fifth Third Bancorp during the third quarter valued at $128,000. Duncker Streett & Co. Inc. boosted its stake in Fifth Third Bancorp by 0.3% in the third quarter. Duncker Streett & Co. Inc. now owns 6,439 shares of the financial services provider’s stock valued at $132,000 after buying an additional 20 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in Fifth Third Bancorp by 3,759.8% in the third quarter. Cornerstone Advisors Inc. now owns 6,909 shares of the financial services provider’s stock valued at $141,000 after buying an additional 6,730 shares during the last quarter. Finally, Robecosam AG boosted its stake in Fifth Third Bancorp by 189.9% in the third quarter. Robecosam AG now owns 8,000 shares of the financial services provider’s stock valued at $162,000 after buying an additional 5,240 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another site, it was stolen and republished in violation of US & international trademark and copyright laws. The legal version of this piece can be accessed at http://www.dailypolitical.com/2017/01/13/fy2016-earnings-forecast-for-fifth-third-bancorp-fitb-issued-by-jefferies-group.html.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 30th will be issued a dividend of $0.14 per share. This is an increase from Fifth Third Bancorp’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, December 28th. Fifth Third Bancorp’s dividend payout ratio (DPR) is currently 25.00%.

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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