2024-02-05 06:43:33 ET
Summary
- Fifth Third stock downgraded slightly to hold, agreeing with the consensus from SA analysts.
- Positives are strong equity growth, dividend growth and stable quarterly payout of $0.35/share, and strong liquidity at this firm that continues growing branches.
- Although risk of office loan exposure is very low at this bank, caution should be taken due to overall regional banking sector headwinds.
- Dividend yield of 4% below several regional banking peers.
Quick Overview
With regional banks in the news again lately, along with the latest Fed meeting in late January, today we wanted to revisit a regional bank stock we covered last fall, Fifth Third Bancorp ( FITB ).
In both of our last 2 ratings we were bullish, and turned out to be right. Since our June rating of strong buy the stock is up +33%, and since our October buy rating it is up nearly +46%. ...
Read the full article on Seeking Alpha
For further details see:
Fifth Third Bancorp: Holding On To Strong Fundamentals Despite Regional Banking Headwinds