Media stories about Fifth Third Bancorp (NASDAQ:FITB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fifth Third Bancorp earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 44.9559199186237 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s scoring:
- BofA Unit Reviews Commission-Based Retirement Accounts Ban (finance.yahoo.com)
- Latest Tally Of Analyst Opinions: Fifth Third Bancorp (NASDAQ:FITB), First Horizon National Corporation (NYSE:FHN … (journalfinance.net)
- Fifth Third sets Atlanta expansion in motion (bizjournals.com)
- Fifth Third Bank's office rebuild mirrors company-wide culture shift (photos) (finance.yahoo.com)
- Fifth Third Bank sets Atlanta expansion in motion (bizjournals.com)
Several analysts have recently issued reports on the stock. Argus assumed coverage on shares of Fifth Third Bancorp in a research note on Thursday, June 14th. They issued a “buy” rating and a $36.00 target price for the company. Zacks Investment Research upgraded shares of Fifth Third Bancorp from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a research note on Monday, May 28th. BidaskClub lowered shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, May 28th. Macquarie upgraded shares of Fifth Third Bancorp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 22nd. Finally, Robert W. Baird upgraded shares of Fifth Third Bancorp from an “underperform” rating to a “neutral” rating and set a $32.00 target price for the company in a research note on Tuesday, May 22nd. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $32.07.
Shares of Fifth Third Bancorp opened at $30.67 on Tuesday, MarketBeat reports. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $21.02 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.57 and a beta of 1.27. Fifth Third Bancorp has a fifty-two week low of $24.58 and a fifty-two week high of $34.67.
Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings data on Tuesday, April 24th. The financial services provider reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.49. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. Fifth Third Bancorp had a net margin of 30.14% and a return on equity of 10.45%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. analysts expect that Fifth Third Bancorp will post 2.48 EPS for the current year.
Fifth Third Bancorp announced that its board has approved a stock buyback plan on Tuesday, February 27th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
Fifth Third Bancorp Company Profile
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.
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