Fifth Third Bancorp (FITB) Expected to Announce Earnings on Thursday

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, April 17th. Analysts expect Fifth Third Bancorp to post earnings of $0.72 per share and revenue of $2.17 billion for the quarter. Individual interested in participating in the company's conference call can do so using this link.

Fifth Third Bancorp Trading Up 0.0 %

Shares of NASDAQ FITB traded up $0.01 during trading on Friday, hitting $33.84. 5,836,563 shares of the company were exchanged, compared to its average volume of 4,466,293. The company has a fifty day moving average price of $40.10 and a 200-day moving average price of $42.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $22.61 billion, a PE ratio of 10.78, a P/E/G ratio of 1.42 and a beta of 0.99. Fifth Third Bancorp has a 12-month low of $32.25 and a 12-month high of $49.07.

Fifth Third Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.37 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.48 annualized dividend and a yield of 4.37%. Fifth Third Bancorp's payout ratio is 47.13%.

Insider Activity

In other Fifth Third Bancorp news, COO James C. Leonard sold 17,200 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $44.26, for a total value of $761,272.00. Following the sale, the chief operating officer now directly owns 244,487 shares in the company, valued at $10,820,994.62. This trade represents a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin P. Lavender sold 21,700 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $43.55, for a total value of $945,035.00. Following the transaction, the executive vice president now directly owns 130,856 shares of the company's stock, valued at approximately $5,698,778.80. This represents a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently commented on FITB shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $47.00 price objective on shares of Fifth Third Bancorp in a report on Monday, February 10th. JPMorgan Chase & Co. decreased their price target on Fifth Third Bancorp from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Piper Sandler reissued an "overweight" rating and set a $53.00 price objective (down from $54.00) on shares of Fifth Third Bancorp in a research report on Wednesday, January 22nd. Wells Fargo & Company decreased their target price on shares of Fifth Third Bancorp from $54.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, Stephens reaffirmed an "equal weight" rating and set a $51.00 target price on shares of Fifth Third Bancorp in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Fifth Third Bancorp has an average rating of "Moderate Buy" and an average price target of $48.12.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.