Fifth Third Bancorp (NASDAQ:FITB – Get Rating) – Equities research analysts at Jefferies Financial Group boosted their Q2 2022 earnings per share estimates for shares of Fifth Third Bancorp in a report issued on Wednesday, April 20th. Jefferies Financial Group analyst K. Usdin now expects that the financial services provider will post earnings of $0.93 per share for the quarter, up from their prior estimate of $0.88. Jefferies Financial Group also issued estimates for Fifth Third Bancorp’s Q3 2022 earnings at $1.02 EPS, Q4 2022 earnings at $1.09 EPS, FY2022 earnings at $3.75 EPS, Q1 2023 earnings at $0.95 EPS, Q2 2023 earnings at $1.06 EPS, Q3 2023 earnings at $1.08 EPS, Q4 2023 earnings at $1.11 EPS and FY2023 earnings at $4.20 EPS.
Fifth Third Bancorp (NASDAQ:FITB – Get Rating) last posted its earnings results on Tuesday, April 19th. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). Fifth Third Bancorp had a return on equity of 13.55% and a net margin of 33.25%. During the same quarter in the prior year, the firm posted $0.93 earnings per share.
NASDAQ FITB opened at $40.67 on Thursday. Fifth Third Bancorp has a 52 week low of $34.35 and a 52 week high of $50.64. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. The stock has a market cap of $27.81 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 1.34 and a beta of 1.29. The company has a 50-day moving average price of $44.63 and a two-hundred day moving average price of $44.78.
The company also recently declared a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Thursday, March 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.95%. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 32.09%.
In related news, CEO Greg D. Carmichael sold 67,687 shares of the company’s stock in a transaction that occurred on Wednesday, February 9th. The shares were sold at an average price of $49.21, for a total value of $3,330,877.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Howard Hammond sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $47.63, for a total transaction of $119,075.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,745 shares of company stock valued at $3,669,055. 0.67% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. D Orazio & Associates Inc. purchased a new stake in Fifth Third Bancorp in the 3rd quarter worth approximately $25,000. KB Financial Partners LLC purchased a new stake in Fifth Third Bancorp in the 4th quarter worth approximately $27,000. Consolidated Planning Corp purchased a new stake in Fifth Third Bancorp in the 3rd quarter worth approximately $28,000. Riverview Trust Co purchased a new stake in Fifth Third Bancorp in the 1st quarter worth approximately $28,000. Finally, Johnson Financial Group Inc. purchased a new stake in Fifth Third Bancorp in the 4th quarter worth approximately $31,000. Institutional investors own 81.71% of the company’s stock.
About Fifth Third Bancorp (Get Rating)
Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.
- Get a free copy of the StockNews.com research report on Fifth Third Bancorp (FITB)
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