Fifth Third Bancorp (NASDAQ:FITBP – Get Free Report) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 32,932 shares, a growth of 62.1% from the May 14th total of 20,310 shares. Based on an average daily trading volume, of 11,848 shares, the days-to-cover ratio is presently 2.8 days.
Fifth Third Bancorp Stock Performance
Fifth Third Bancorp stock opened at $23.52 on Thursday. Fifth Third Bancorp has a 12 month low of $23.05 and a 12 month high of $25.50. The business has a 50 day simple moving average of $23.71 and a 200-day simple moving average of $24.19.
Fifth Third Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 26th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.4%.
Fifth Third Bancorp Company Profile
Fifth Third Bancorp (NASDAQ:FITBP) is a diversified financial services company headquartered in Cincinnati, Ohio, operating through its banking subsidiary, Fifth Third Bank. The company provides a broad array of banking, lending, and wealth management services to individuals, small businesses, middle-market companies and large corporations. Its core offerings include deposit products, home and auto financing, credit cards, and treasury management solutions, complemented by insurance, investment advisory and trust services.
Founded in 1858 with the merger of Third National Bank and Fifth National Bank, Fifth Third has grown through strategic acquisitions and organic expansion to serve customers across a multi-state footprint in the Midwest and Southeast.
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