Fifth Third Bancorp's (FITB) "Buy" Rating Reaffirmed at Royal Bank Of Canada

The stock of Fifth Third Bancorp (NASDAQ:FITB) registered a decrease of 27.03% in short interest. The company P/S (price to Sales) ratio is 4.89, P/B (price to Book) ratio is 1.45, while its P/C (price to Cash) ratio stands at 3.39. Based on an average daily volume of 5,349,801 shares, the short-interest ratio is presently 3.8 days.

FITB has been the topic of a number of research reports. BMO Capital Markets reaffirmed a "hold" rating and issued a $28.00 price target on shares of Fifth Third Bancorp in a report on Tuesday, April 25th. Oppenheimer reiterated a "hold" rating on shares of Fifth Third Bancorp in a report on Thursday, December 7th. Wfg Advisors L P reported 0% in Fifth Third Bancorp (NASDAQ:FITB). Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the stock. The PEG ratio shows us that, when compare to the beer company, the always-popular tech company doesn't have the growth rate to justify its higher P/E, and its stock price appears overvalued. Zacks Investment Research lowered shares of Fifth Third Bancorp from a buy rating to a hold rating in a research note on Friday, October 27th. Similarly, the company's EVP & Chief Risk Officer Forrest Frank R. on 2017-08-18 Sell 7004 shares of the company at a price of $26.21. The firm owned $227.48 million shares of the company's stock after selling 7.09 million shares during the period. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. According to their observations and findings, the stock could provide a high EPS of $0.54/share and a low EPS of $0.47/share.

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A number of hedge funds have recently bought and sold shares of FITB. Sanders Capital LLC boosted its holdings in Fifth Third Bancorp by 1.7% during the third quarter. Sanders Capital LLC now owns 13,152,538 shares of the financial services provider's stock valued at $390,680,000 after purchasing an additional 224,800 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Fifth Third Bancorp by 7,461.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,368,466 shares of the financial services provider's stock valued at $269,182,000 after purchasing an additional 431,863 shares during the period. Diversified Trust Co boosted its stake in Fifth Third Bancorp by 0.3% in the first quarter. Legal & General Group Plc now owns 3,942,017 shares of the financial services provider's stock worth $110,295,000 after acquiring an additional 71,404 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Fifth Third Bancorp by 0.9% during the third quarter. Vanguard Group Inc. now owns 57,881,541 shares of the financial services provider's stock valued at $1,502,604,000 after purchasing an additional 639,361 shares in the last quarter. Fifth Third Bancorp's beta is 1.35 whilst the stock has an average true range (ATR) of 0.67. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.89 and a current ratio of 0.89.

Beta is also an important valuation ratio for analyzing the stock of the company, FITB's beta remains at 1.35. Fifth Third Bancorp (NASDAQ:FITB) has risen 33.30% since December 12, 2016 and is uptrending.

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Segundo o "Correio da Manhã" , pelo menos dez pessoas ligadas à Protecção Civil, à GNR e a concessionárias de estradas. Ao longo de uma semana, este incêndio consumiu cerca de 27 mil hectares de floresta, segundo dados provisórios.

More notable recent Fifth Third Bancorp (NASDAQ:FITB) news were published by: which released: "Fifth Third Bancorp and Fifth Third Bank Foundation Donated More than $500K to ..." on November 17, 2017, also with their article: "Fifth Third Bank CEO explains how its branches are changing" published on November 28, 2017, published: "Trump taps Fifth Third lawyer McWilliams to lead FDIC" on December 01, 2017. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. It dropped, as 52 investors sold Fifth Third Bancorp shares while 217 reduced holdings. They expect $0.49 EPS, up 2.08% or $0.01 from last year's $0.48 per share.

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There are numerous indicators we can use to give us a better idea about a public company's financial health. 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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