Fifth Third Bancorp (NASDAQ:FITBI – Get Rating) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 24,800 shares, an increase of 386.3% from the February 28th total of 5,100 shares. Based on an average daily volume of 89,600 shares, the days-to-cover ratio is presently 0.3 days.
Fifth Third Bancorp Stock Up 3.4 %
Shares of Fifth Third Bancorp stock opened at $23.53 on Tuesday. Fifth Third Bancorp has a one year low of $21.08 and a one year high of $27.06. The stock's fifty day moving average is $24.71 and its 200 day moving average is $25.08.
Get Fifth Third Bancorp alerts:Fifth Third Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 29th will be issued a $0.4141 dividend. The ex-dividend date is Tuesday, March 28th. This represents a $1.66 annualized dividend and a dividend yield of 7.04%.
Institutional Investors Weigh In On Fifth Third Bancorp
Several large investors have recently made changes to their positions in FITBI. PNC Financial Services Group Inc. bought a new stake in shares of Fifth Third Bancorp in the fourth quarter worth about $37,000. Connectus Wealth LLC bought a new stake in shares of Fifth Third Bancorp in the third quarter worth about $1,893,000. Finally, Bartlett & Co. LLC increased its holdings in shares of Fifth Third Bancorp by 10.3% in the fourth quarter. Bartlett & Co. LLC now owns 106,724 shares of the company's stock worth $2,661,000 after purchasing an additional 9,925 shares during the last quarter.
About Fifth Third Bancorp
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Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people, and focused community impact.
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