Fifth Third Bancorp (NASDAQ:FITB) released its earnings results on Wednesday. The financial services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14, Fidelity Earnings reports. Fifth Third Bancorp had a return on equity of 7.52% and a net margin of 17.50%. During the same period last year, the firm posted $0.68 earnings per share.
NASDAQ FITB opened at $30.90 on Friday. The business’s fifty day moving average price is $28.74 and its 200-day moving average price is $23.63. The stock has a market capitalization of $22.01 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.54 and a beta of 1.63. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.91 and a quick ratio of 0.89. Fifth Third Bancorp has a 1-year low of $11.10 and a 1-year high of $32.82.
The company also recently declared a quarterly dividend, which was paid on Friday, January 15th. Stockholders of record on Thursday, December 31st were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, December 30th. This represents a $1.08 annualized dividend and a dividend yield of 3.50%. Fifth Third Bancorp’s payout ratio is 38.99%.
In other news, EVP Kevin P. Lavender sold 8,500 shares of the stock in a transaction on Monday, November 23rd. The stock was sold at an average price of $25.81, for a total transaction of $219,385.00. Following the transaction, the executive vice president now directly owns 71,677 shares of the company’s stock, valued at approximately $1,849,983.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is owned by corporate insiders.
About Fifth Third Bancorp
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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