Fifth Third Bancorp (NASDAQ:FITB) registered a 1.15% increase, still its new closing price is 95.45% up from the company’s 1 year high of 27.74.It posted -2.73% losses in previous 5 sessions and is now the subject of 21 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 2 sells versus 2 buy or better ratings. The 31 stock analysts following this company have an average price target at $27.07, with individual PT in the $22.00-$30.00 range. The shares moved at $26.33, implying that brokerage firms see shares gaining about 60.25% in twelve months time.
Fifth Third Bancorp (FITB) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -2.37% fall year to date. A EVP & CSO at Fifth Third Bancorp (FITB) offloaded shares in a transaction closed on Wednesday November 23, 2016. Spence Timothy sold 4,000 shares in the company at $26.21 each and collected $104,001 in proceeds. Spence Timothy now owns 175,749 shares in the company after this transaction. A Executive Vice President in the company, McHugh Philip, disclosed a transaction on Wednesday November 23, 2016 that ended up generating $489,000 from the sale of 18,619 shares at $26.28 per share.
Fifth Third Bancorp (NASDAQ:FITB) Upcoming Results on Tap
Fifth Third Bancorp will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.43 in that period. Sales during the quarter are predicted to arrive at $1.51 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.75 billion in revenue and EPS of $0.43. The mean forecast was for $1.52 billion and $0.40 a share, respectively. One quarter earlier, revenue for the stock was at $1.51 billion, with earnings at $0.41/share.
Fifth Third Bancorp (FITB) Brokerage Update
Fifth Third Bancorp (FITB) is in Bernstein’s research list so their analyst rating change is noteworthy. These shares were downgraded to Mkt Perform from Outperform by Bernstein, according to news reported on Wednesday November 16, 2016.Another important research note was issued by Robert W. Baird on Wednesday November 16, 2016.The firm downgraded FITB to Underperform from Neutral. Over the last six months and over the last three months, the shares of Fifth Third Bancorp (FITB), have changed 44.65% and 35.16%, respectively.
Fifth Third Bancorp (NASDAQ:FITB) on December 22, 2016 announced that it is scheduled to report fourth quarter 2016 financial results on January 24, 2017. The earnings release will be available at www.53.com at approximately 6:30 AM ET. The Company will host a conference call at 9:00 AM ET to discuss results. Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of September 30, 2016, the Company had $143 billion in assets and operates 1,191 full-service Banking Centers, including 94 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,514 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina.