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

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) is expected to be announcing its earnings results before the market opens on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.88 per share and revenue of $2,210,200.00 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last released its earnings results on Friday, October 18th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). Fifth Third Bancorp had a return on equity of 14.58% and a net margin of 16.58%. The firm had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same period in the prior year, the company posted $0.92 earnings per share. The company's revenue was up 1.2% compared to the same quarter last year. On average, analysts expect Fifth Third Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Fifth Third Bancorp Price Performance

NASDAQ:FITB traded up $1.07 during trading hours on Friday, hitting $44.34. 9,304,861 shares of the stock traded hands, compared to its average volume of 3,879,152. The stock has a 50 day moving average price of $45.02 and a 200 day moving average price of $42.86. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.92. The company has a market cap of $29.73 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. Fifth Third Bancorp has a 1 year low of $32.29 and a 1 year high of $49.07.

Fifth Third Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.34%. The ex-dividend date was Tuesday, December 31st. Fifth Third Bancorp's dividend payout ratio is currently 49.17%.

Insider Buying and Selling

In other Fifth Third Bancorp news, EVP Kristine R. Garrett sold 7,500 shares of the firm's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $43.67, for a total transaction of $327,525.00. Following the transaction, the executive vice president now directly owns 55,913 shares in the company, valued at $2,441,720.71. This trade represents a 11.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on FITB. Citigroup boosted their price objective on Fifth Third Bancorp from $43.00 to $52.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Truist Financial began coverage on shares of Fifth Third Bancorp in a report on Tuesday, January 7th. They set a "buy" rating and a $51.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of Fifth Third Bancorp from $52.00 to $54.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Evercore ISI upped their price objective on Fifth Third Bancorp from $46.00 to $47.00 and gave the stock an "in-line" rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley raised their target price on shares of Fifth Third Bancorp from $47.00 to $51.00 and gave the company an "equal weight" rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $45.92.

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.