Fifth Third Bancorp (NASDAQ:FITB) – Jefferies Group cut their Q4 2017 earnings per share (EPS) estimates for Fifth Third Bancorp in a report issued on Monday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings of $0.48 per share for the quarter, down from their previous estimate of $0.49. Jefferies Group also issued estimates for Fifth Third Bancorp’s FY2018 earnings at $2.30 EPS.
Fifth Third Bancorp (NASDAQ:FITB) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.48. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. Fifth Third Bancorp had a net margin of 25.81% and a return on equity of 9.58%. During the same period in the prior year, the firm earned $0.65 EPS.
Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at $31.58 on Tuesday. The firm has a market cap of $22,280.00, a PE ratio of 11.92, a PEG ratio of 2.20 and a beta of 1.35. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.89 and a quick ratio of 0.89. Fifth Third Bancorp has a 1 year low of $23.20 and a 1 year high of $31.92.
A number of institutional investors and hedge funds have recently bought and sold shares of FITB. Horan Capital Advisors LLC. bought a new position in Fifth Third Bancorp during the 3rd quarter valued at about $102,000. Valeo Financial Advisors LLC bought a new position in Fifth Third Bancorp during the 3rd quarter valued at about $119,000. Sun Life Financial INC lifted its stake in Fifth Third Bancorp by 55,050.0% during the 2nd quarter. Sun Life Financial INC now owns 5,515 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 5,505 shares during the period. HighPoint Advisor Group LLC bought a new position in Fifth Third Bancorp during the 3rd quarter valued at about $202,000. Finally, Regentatlantic Capital LLC bought a new position in Fifth Third Bancorp during the 3rd quarter valued at about $205,000. Institutional investors and hedge funds own 83.84% of the company’s stock.
In other Fifth Third Bancorp news, EVP Timothy Spence sold 15,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $28.86, for a total transaction of $432,900.00. Following the transaction, the executive vice president now owns 154,577 shares in the company, valued at approximately $4,461,092.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.38% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 28th. Fifth Third Bancorp’s payout ratio is 24.15%.
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About Fifth Third Bancorp
Fifth Third Bancorp is a bank holding company and a financial holding company. 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.
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