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Principale » Jefferies Group Brokers Reduce Earnings Estimates for Fifth Third Bancorp (NASDAQ:FITB)

Jefferies Group Brokers Reduce Earnings Estimates for Fifth Third Bancorp (NASDAQ:FITB)

14 Novembre 2017

Fifth Third Bancorp (FITB) shares fell and closed the day at $27.67, with the percent change of -1.21%. They now have a neutral rating on the financial services provider's stock. The value of the company's investment in Fifth Third Bncp increased from $2,196,000 to $2,406,000 a change of $210,000 since the last quarter.

Hedge funds and other institutional investors have recently modified their holdings of the stock.

Td Asset Management Inc bought 185,858 shares last quarter increasing its stake in Fifth Third Bncp (FITB) by 63.3%. Inc. now owns 6,491 shares of the financial services provider's stock worth $168,000 after buying an additional 17 shares during the last quarter. Sanders Capital LLC raised its stake in shares of Fifth Third Bancorp by 104.4% in the third quarter. Sterling Investment Advisors Ltd. now owns 5,800 shares of the financial services provider's stock worth $147,000 after buying an additional 1,000 shares during the last quarter.

As of the end of the quarter Amalgamated Bank had acquired a total of 1,386 shares growing its stake by 1.6%. Toronto Dominion Bank now owns 280,028 shares of the financial services provider's stock valued at $7,834,000 after purchasing an additional 25,256 shares in the last quarter. Sun Life Financial INC raised its holdings in Fifth Third Bancorp by 55,050.0% in the second quarter. Bollard Group LLC boosted its stake in shares of Fifth Third Bancorp by 0.6% during the 2nd quarter. If you are accessing this report on another site, it was illegally copied and reposted in violation of U.S. and worldwide trademark and copyright law. The correct version of this story can be viewed at banking-finance/2319199/blackrock-group-ltd-has-134400000-position-in-fifth-third-bancorp-fitb.html.

The company is down since yesterday's close of 27.67. That compares with the recent volume average of 1.15 million. This continues to be an interesting story, and we look forward to updating it again soon on Fifth Third Bancorp. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.89 and a quick ratio of 0.89. The P/E ratio is now 10.42 and market cap is 19.52B.

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Fifth Third Bancorp (NASDAQ:FITB) recent drop took place on significantly more volume which surged almost 6.78 million contracts on 10-Nov-17 versus its daily average of 4.85 million. The financial services provider reported $0.48 EPS for the quarter, hitting the Zacks' consensus estimate of $0.48. Fifth Third Bancorp had a net margin of 40.06% and a return on equity of 26.34%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the previous year, the business earned $0.65 EPS. research analysts forecast that Fifth Third Bancorp will post 1.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.31%.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Tuesday, October 24th. The ex-dividend date was Thursday, September 28th. The total value of its holdings decreased 3.6%. Following the completion of the transaction, the executive vice president now directly owns 71,793 shares of the company's stock, valued at $1,881,694.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Spence sold 15,000 shares of the company's stock in a transaction on Thursday, October 26th.

Fifth Third Bancorp is maintained at an average hold rating by 28 stock analysts, and there are at least 1.75% of shares outstanding that are now legally short sold. Following the transaction, the executive vice president now directly owns 154,577 shares of the company's stock, valued at $4,461,092.22.