In order to determine directional movement, the 50-day and 200-day moving averages for Fifth Third Bancorp (NASDAQ:FITB) are $27.04 and $25.8. However, the stock is trading at -2.07% versus recent highs ($28.97). Overall, the share price is up 14.17% year to date. Janus Capital Management LLC raised its holdings in shares of Fifth Third Bancorp by 622.7% during the first quarter. BlackRock Inc. now owns 48,949,216 shares of the financial services provider's stock valued at $1,243,309,000 after acquiring an additional 47,483,352 shares during the last quarter. TheStreet upgraded shares of Fifth Third Bancorp from a c+ rating to a b rating in a research report on Friday, June 23rd. The stock price hovered in an intraday range of $18.15- $18.52. Whittier Trust Of Nevada Incorporated stated it has 0% in Fifth Third Bancorp (NASDAQ:FITB). They expect this year's earnings to rise 127.27% year-over-year to $0.5, followed by 110% growth in the next year to $1.05.
Trillium Asset Management Llc decreased Fifth Third Bancorp (FITB) stake by 62.4% reported in 2017Q2 SEC filing. Fifth Third Bancorp now has an average rating of Hold and an average target price of $28.13.
At the session level, shares of Fifth Third Bancorp (NASDAQ:FITB) moved 0.45% from the open. A company that manages their assets well will have a higher return, while a company that manages their assets poorly will have a lower return. Further, company shares have been seen trading -3.43% off of the 52 week high and 40.76% away from the 52 week low. The stock is now moving above its 20-Day Simple Moving Average of 0.5% with a 50-Day Simple Moving Average of 3.74 percent. Fifth Third Bancorp has its outstanding Shares of 739.09 Million.
Wall Street analysts, on average, are forecasting the company's EPS to be 0.47, compared to 0.65 reported in the same quarter past year. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.52 billion.
01/25/2017 - Fifth Third Bancorp had its "neutral" rating reiterated by analysts at Wedbush. Fifth Third Bancorp's payout ratio is now 32.49%. Next quarter's EPS is forecasted to be $0.52 with next year's EPS anticipated to be $2.04. Equities research analysts predict that Fifth Third Bancorp will post $1.83 earnings per share for the current year. Companies may issue new shares and buy back their own shares. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. The ex-dividend date is set for Thursday the 28th of September 2017. BMO Capital Markets maintained the stock with "Hold" rating in Friday, July 21 report. Below is a list of Fifth Third Bancorp (NASDAQ:FITB) latest ratings and price target changes. BidaskClub upgraded shares of Fifth Third Bancorp from a "hold" rating to a "buy" rating in a report on Saturday, August 5th.
On October 2, 2017 the stock rating was set at "Underperform" in a report from Baird which is down from the previous "Neutral" rating. Short shares grew 26,735,873 over that period. Of the analysts who provided ratings, 17 rated the company a Hold, 2 rated it a Strong Sell, and 1 rated it a Strong Buy. The stock has an average rating of "Hold" and an average price target of $28.13.
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Traders are feeling more bearish on shares of the company lately as indicated by the increase in short interest. The moving average can be used as a reference point to assist with the discovery of buying and selling opportunities. The company maintains price to book ratio of 1.37. The stock witnessed 4.12% gains, 6.9% gains and -1.13% declines for the 1-month, 3-month and 6-month period, respectively. Fifth Third Bancorp (NASDAQ:FITB) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. 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.