About Fifth Third Bancorp
Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States. The Company operates through four segments: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors. It offers commercial and industrial loans, commercial mortgage loans, commercial construction loans, commercial leases, residential mortgage loans, home equity, automobile loans, credit card, and other consumer loans and leases. The Company offers various types of deposits, such as demand deposits, interest checking deposits, savings deposits, money market deposits, transaction deposits and other time deposits.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Regional - Midwest Banks
- Sub-Industry: Regional Banks
- Exchange: NASDAQ
- Symbol: FITB
- CUSIP: 31677310
- Previous Close: $27.32
- 50 Day Moving Average: $26.77
- 200 Day Moving Average: $23.64
- 52-Week Range: $750,479,000.00 - $15.20
- Trailing P/E Ratio: 14.16
- Foreward P/E Ratio: 13.66
- P/E Growth: 3.22
- Market Cap: $20.50B
- Outstanding Shares: 750,479,000
- Beta: 1.29
- Net Margins: 22.53%
- Return on Equity: 10.15%
- Return on Assets: 1.08%
Companies Related to Fifth Third Bancorp:
- Debt-to-Equity Ratio: 0.97%
- Current Ratio: 0.89%
- Quick Ratio: 0.88%
What is Fifth Third Bancorp's stock symbol?
Fifth Third Bancorp trades on the NASDAQ under the ticker symbol "FITB."
How often does Fifth Third Bancorp pay dividends? What is the dividend yield for Fifth Third Bancorp?
Fifth Third Bancorp announced a quarterly dividend on Tuesday, December 20th. Shareholders of record on Friday, December 30th will be given a dividend of $0.14 per share on Tuesday, January 17th. This represents a $0.56 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, December 28th. This is a positive change from Fifth Third Bancorp's previous quarterly dividend of $0.13.
Where is Fifth Third Bancorp's stock going? Where will Fifth Third Bancorp's stock price be in 2017?
26 brokers have issued 1 year price targets for Fifth Third Bancorp's stock. Their forecasts range from $18.00 to $29.00. On average, they expect Fifth Third Bancorp's stock price to reach $21.98 in the next twelve months.
When will Fifth Third Bancorp announce their earnings?
Fifth Third Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, April, 19th 2017.
What are analysts saying about Fifth Third Bancorp stock?
Here are some recent quotes from research analysts about Fifth Third Bancorp stock:
According to Zacks Investment Research, "Fifth Third’s shares have outperformed the Zacks categorized Regional Banks-Major industry over the last one year. We remain encouraged by the company’s ongoing strategic efforts which are likely to boost its efficiency and revenue in the long run. Also, the company raised its prime lending rate to 3.75%, following Fed interest rate hike to 0.50%-0.75% in Dec 2016. Though mounting expenses and strict regulatory landscape remain key concerns, management anticipates consolidation of branches to generate expense savings of $72 million annually. Also, in Dec 2016, the company increased its quarterly dividend by nearly 8%, boosting shareholders’ wealth." (1/9/2017)
FBR & Co analysts commented, "On July 28, Fifth Third Bancorp reported 2Q16 GAAP EPS of $0.40. Excluding non- core items, we estimate that operating EPS were $0.41, which beat both consensus and FBR estimates. The company also gave an updated 2016 outlook that was marginally more negative than the outlook given in the previous quarter but did include modestly improved non-interest expense and fee income guidance. Fifth Third is clearly positioning itself well for the long term by investing in its risk and compliance infrastructure, restructuring the loan portfolio, and building out its fee income platform, and we could potentially become more positive upon these initiatives yielding stronger revenues. However, we maintain a more balanced view for the time being while low interest rates and continued spending are expected to weigh on EPS growth and ROEs. With that in mind, we reiterate our Market Perform rating and $20 price target." (7/29/2016)
Morgan Stanley analysts commented, "We see over 200 bps of ROTCE improvement at KEY through 2018, to an above-peer 13.1 percent. Combined with accelerating EPS growth, we see 37 percent upside to the stock. FITB, however, appears more fairly valued given moderate growth, but below-peer profitability," analyst Ken Zerbe wrote in a note.Zerbe noted that Keycorp is on track to achieve its goal of $400 million in expense savings as it integrates First Niagara. Moreover, the analyst sees further upside to those expense targets, suggesting EPS estimates could end up being too low.Related Link: Stress Test Finale: Everything You Need To Know About Banks Returning Profits To Shareholders"If KEY achieves an extra $100 million of pretax expense savings, it would add $0.07 to our 2018 EPS. Achieving $300 mil of revenue synergies, using a 50 percent marginal expense ratio, adds another $0.11 to EPS," Zerbe highlighted.ValuationsOn the valuation front, the analyst said KEY is currently trading at a 33 percent discount to peers on 2017 estimated EPS of $1.30 (8.4x vs. peers at 12.5x) and a 34 percent discount on TBV (0.95x vs. 1.44x), despite faster earnings growth through 2018.Zerbe expects 18 percent EPS growth versus peers at 12 percent and a roughly 300 bps improvement in its soon-to be above-peer ROTCE to 13.1 percent (vs. peers at 12.5 percent) from redeploying capital and expense saves related to First Niagara.Meanwhile, the analyst downgraded Fifth Third due to expectations of less fundamental improvement. "We are less optimistic that FITB can meaningfully narrow its profitability or earnings growth gap versus peers, removing a potential catalyst that would drive multiple expansion," Zerbe highlighted.Zerbe expects EPS of $1.69 and loan growth of 3.6 percent in 2017, just over half the industry average. The analyst forecast 2017 ROTCE of 9.7 percent, or 180 bps below peers (and 280 bps below KEY)."While the shares appear cheap on a P/E basis (at 10.3x 2017eEPS), our P/TBV-ROTCE regression suggests the shares are broadly fairly valued at 1.07x tangible book," (7/5/2016)
Who owns Fifth Third Bancorp stock?
Fifth Third Bancorp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (5.72%), Dimensional Fund Advisors LP (1.33%), Barrow Hanley Mewhinney & Strauss LLC (1.28%), Artisan Partners Limited Partnership (0.84%), Russell Investments Group Ltd. (0.71%) and AQR Capital Management LLC (0.66%). Company insiders that own Fifth Third Bancorp stock include Frank R Forrest, Greg D Carmichael, Gregory Kosch, James C Leonard and Jewell D Hoover.
Who sold Fifth Third Bancorp stock? Who is selling Fifth Third Bancorp stock?
Fifth Third Bancorp's stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Barrow Hanley Mewhinney & Strauss LLC, Artisan Partners Limited Partnership, Hotchkis & Wiley Capital Management LLC, FMR LLC, Tudor Investment Corp Et Al, Prudential PLC and Endeavour Capital Advisors Inc..
Who bought Fifth Third Bancorp stock? Who is buying Fifth Third Bancorp stock?
Fifth Third Bancorp's stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State Street Corp, Eton Park Capital Management L.P., AQR Capital Management LLC, William Blair Investment Management LLC, Asset Management One Co. Ltd., Artemis Investment Management LLP and Janus Capital Management LLC.
How do I buy Fifth Third Bancorp stock?
Shares of Fifth Third Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Fifth Third Bancorp stock cost?
One share of Fifth Third Bancorp stock can currently be purchased for approximately $27.32.