Fifth Third Bancorp (NASDAQ:FITBI) Shares Up 0.2% – Time to Buy?

Fifth Third Bancorp (NASDAQ:FITBI)’s stock price was up 0.2% during mid-day trading on Tuesday . The company traded as high as $25.51 and last traded at $25.51. Approximately 19,938 shares changed hands during trading, a decline of 46% from the average daily volume of 37,193 shares. The stock had previously closed at $25.46.

Fifth Third Bancorp Price Performance

The company’s 50 day moving average is $25.68 and its 200 day moving average is $25.62.

Fifth Third Bancorp (NASDAQ:FITBI) last issued its quarterly earnings data on Thursday, January 20th. The company reported $0.88 earnings per share for the quarter. The business had revenue of $814.00 million during the quarter.

Fifth Third Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 29th will be given a dividend of $0.5095 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $2.04 dividend on an annualized basis and a yield of 8.0%.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. As the parent company of Fifth Third Bank, it offers a wide array of banking and financial products to individuals, small businesses, corporations and governmental entities. Fifth Third Bancorp’s core mission is to provide deposit, lending and wealth management solutions that cater to the evolving needs of its customers.

The company’s principal offerings include consumer and commercial banking services such as checking and savings accounts, home mortgages, credit cards, and installment loans.