Frontline Active Stocks in Broker Choice: Fifth Third Bancorp (NASDAQ:FITB), Destination Maternity (NASDAQ:DEST)

Fifth Third Bancorp (NASDAQ:FITB) [Trend Analysis] moved down reacts as active mover, shares a decrease -0.43% to traded at $27.67 and the percentage gap between open changing to regular change was 0.14%. Fifth Third Bancorp reported that cash dividends on its common shares, Series H preferred shares, and Series I preferred shares.Fifth Third Bancorp (FITB)declared a cash dividend on its common shares of $0.14 for the fourth quarter of 2016, an increase of $0.01, or approximately 8 percent, from its previous quarterly dividend rate.

The dividend is payable on January 17, 2017 to shareholders of record as of December 30, 2016.Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H, at the rate of $637.50 per preferred share, which equates to approximately $25.50 for each depositary share. Each depositary share represents a 1/25th ownership interest in a share of Series H Preferred Stock. The Series H dividend is payable on January 3, 2017 to shareholders of record as of December 30, 2016.

The firm past twelve months price to sales ratio was 5.11 and price to cash ratio remained 3.81. As far as the returns are concern, the return on equity was recorded as 11.50% and return on investment was 8.20% while its return on asset stayed at 1.20%. The firm has total debt to equity ratio measured as 1.09.

Destination Maternity Corporation (NASDAQ:DEST) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -6.10% to close at $5.54 with the total traded volume of 72147 shares. After an initial decline, shares of Destination Maternity (DEST) have seen some further downside over the course of the trading day on Tuesday. Destination Maternity is currently down by 15.2 percent, falling to a nearly three-month intraday low.

The drop by Destination Maternity comes after the maternity apparel retailer reported contract to merge with French children’s clothing company Orchestra Prémaman. Under the terms of the contract, Destination Maternity shareholders will receive 0.5150 of an Orchestra Prémaman share. The implied offer price is $7.05 per share. The firm has institutional ownership of 69.60%, while insider ownership included 0.10%. Its price to sales ratio ended at 0.18. DEST attains analyst recommendation of 1.00 with week performance of -10.61%.

 

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