Fifth Third Bancorp (NASDAQ:FITB) Receives Average Rating of “Hold” from Analysts

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Fifth Third Bancorp (NASDAQ:FITB) has earned a consensus rating of “Hold” from the thirty analysts that are currently covering the firm. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $20.38.
A number of brokerages recently weighed in on FITB. Deutsche Bank AG reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a research report on Saturday, June 4th. Wells Fargo & Co. reissued a “hold” rating on shares of Fifth Third Bancorp in a research report on Saturday, July 9th. Nomura reissued a “hold” rating on shares of Fifth Third Bancorp in a research report on Saturday, July 9th. Jefferies Group reissued a “buy” rating on shares of Fifth Third Bancorp in a research report on Wednesday, August 3rd. Finally, Evercore ISI cut shares of Fifth Third Bancorp to a “hold” rating and set a $18.00 price objective for the company. in a research report on Friday, July 15th.

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Fifth Third Bancorp (NASDAQ:FITB) traded down 1.29% during trading on Tuesday, hitting $19.84. The company had a trading volume of 2,751,993 shares. Fifth Third Bancorp has a 12 month low of $13.84 and a 12 month high of $21.14. The company has a market cap of $15.20 billion and a PE ratio of 9.66. The company’s 50 day moving average price is $19.21 and its 200-day moving average price is $17.94.
Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. During the same quarter in the previous year, the firm earned $0.36 EPS. Equities analysts expect that Fifth Third Bancorp will post $1.60 earnings per share for the current year.
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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