Fifth Third Bancorp (NASDAQ:FITBI) Shares Up 0.6%

Fifth Third Bancorp (NASDAQ:FITBI)’s share price rose 0.6% on Wednesday . The stock traded as high as $25.93 and last traded at $25.93. Approximately 14,305 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 26,741 shares. The stock had previously closed at $25.77.

Fifth Third Bancorp Stock Up 0.5 %

The business has a fifty day moving average of $25.53 and a two-hundred day moving average of $25.54.

Fifth Third Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 28th were given a dividend of $0.5879 per share. This is a positive change from Fifth Third Bancorp’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 9.05%.

Hedge Funds Weigh In On Fifth Third Bancorp

A hedge fund recently bought a new stake in Fifth Third Bancorp stock. Operose Advisors LLC purchased a new stake in Fifth Third Bancorp (NASDAQ:FITBI) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 1,220 shares of the company’s stock, valued at approximately $31,000.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.