Media headlines about Fifth Third Bancorp (NASDAQ:FITB) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fifth Third Bancorp earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 47.052140877859 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Vibrating Stocks Fifth Third Bancorp (NASDAQ:FITB) a Regional – Midwest Banks Company – The Stock Street (press release) (thestreetpoint.com)
- Zacks: Brokerages Anticipate Fifth Third Bancorp (FITB) Will Announce Earnings of $0.49 Per Share (americanbankingnews.com)
- Fifth Third Bancorp (FITB) Downgraded to “Underperform” at Macquarie (americanbankingnews.com)
- This $141B lender wants more in Nashville. Here’s how they’ll do it. (bizjournals.com)
- Fifth Third Bancorp : and Fifth Third Bank Foundation Donated More than $500K to Assist with Hurricane Relief (4-traders.com)
Several analysts recently issued reports on FITB shares. BMO Capital Markets reissued a “market perform” rating and set a $28.00 target price (up previously from $27.00) on shares of Fifth Third Bancorp in a research note on Tuesday, July 25th. BidaskClub downgraded Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Fifth Third Bancorp in a research note on Tuesday, October 24th. Bank of America Corporation lifted their target price on Fifth Third Bancorp from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research downgraded Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating and two have issued a buy rating to the company. Fifth Third Bancorp presently has an average rating of “Hold” and an average price target of $28.23.
Shares of Fifth Third Bancorp (NASDAQ:FITB) traded down $0.02 during trading on Friday, hitting $28.45. The stock had a trading volume of 3,765,003 shares, compared to its average volume of 5,228,253. The stock has a market cap of $20,073.79, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.37 and a beta of 1.34. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.93. Fifth Third Bancorp has a 12-month low of $23.20 and a 12-month high of $29.39.
Fifth Third Bancorp (NASDAQ:FITB) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%. During the same quarter in the previous year, the business earned $0.65 EPS. equities analysts expect that Fifth Third Bancorp will post 1.79 EPS for the current year.
In other news, EVP Timothy Spence sold 15,000 shares of Fifth Third Bancorp stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $28.86, for a total value of $432,900.00. Following the completion of the transaction, the executive vice president now owns 154,577 shares in the company, valued at approximately $4,461,092.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.38% of the stock is currently owned by insiders.
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Fifth Third Bancorp Company Profile
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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