Fifth Third Bancorp (NASDAQ:FITB) Updates On Dividend Release Date


On 2016-06-22, Fifth Third Bancorp (NASDAQ:FITB) confirmed the dividend disbursement of $0.13 a share to shareholders as on record 2016-06-30. The firm will release dividend on 2016-07-15 while ex-dividend date is reported to be 2016-06-28.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Fifth Third Bancorp (NASDAQ:FITB) paid a total of $0.13 per share in dividends. This figure stood at $0.13 a share in the same period a year ago indicating a deviation of 1.9608%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $19.676 on the stock. This figure is the average of recommendations offered by 17 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $22 and $17, respectively.

Taking the mathematical rating formula, the price for Fifth Third Bancorp (NASDAQ:FITB) stands at 2.56. Earnings Review Fifth Third Bancorp (NASDAQ:FITB) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-18. For the period ending on 2016-09-30, experts are expecting EPS of $0.43.

Coming to the quarter ending on 2015-12-31, Fifth Third Bancorp (NASDAQ:FITB) recorded EPS of $0.4. The reported numbers came lower than the analysts’ estimates of $0.37, demonstrating a miss of $0.03 as against reported figures.

Shares of the Fifth Third Bancorp (NASDAQ:FITB) traded in the range of $19.06 to $19.27 and closed the last trading session at $19.24 on a volume of ((Volume:238}}.

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