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NASDAQ:FITB

Fifth Third Bancorp (FITB) Stock Price, News & Analysis

$36.21
+1.99 (+5.82%)
(As of 02:15 PM ET)
Today's Range
$34.97
$36.75
50-Day Range
$32.82
$37.21
52-Week Range
$22.46
$37.41
Volume
9.25 million shs
Average Volume
5.45 million shs
Market Capitalization
$24.67 billion
P/E Ratio
11.21
Dividend Yield
3.87%
Price Target
$35.63

Fifth Third Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
1.8% Downside
$35.63 Price Target
Short Interest
Bearish
3.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.48
Upright™ Environmental Score
News Sentiment
1.09mentions of Fifth Third Bancorp in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$1.15 M Sold Last Quarter
Proj. Earnings Growth
8.46%
From $3.19 to $3.46 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.74 out of 5 stars

Finance Sector

127th out of 846 stocks

State Commercial Banks Industry

33rd out of 176 stocks

FITB stock logo

About Fifth Third Bancorp Stock (NASDAQ:FITB)

Fifth Third Bancorp is a regional bank holding company headquartered in Cincinnati, Ohio. It operates under its primary subsidiary, Fifth Third Bank, which has a presence in 10 states in the Midwest and Southeast regions of the United States. Fifth Third Bank offers a wide range of financial services, including retail and commercial banking, investment and insurance services, consumer finance, and payment processing. The bank has over 1,100 banking centers and over 2,400 ATMs, serving individual, commercial, and corporate customers.

Fifth Third Bancorp traces its history back to the 1850s when the Bank of the Ohio Valley was founded in Cincinnati. In 1908, the bank merged with The Fifth National Bank of Cincinnati and the new entity was named the Fifth Third National Bank of Cincinnati. Fifth Third is derived from the two predecessor banks, the fifth and third banks to merge nationally. 

Over the years, the bank grew through several mergers and acquisitions, including the purchase of Old Kent Bank in 2001, First Charter Corporation in 2008, and MB Financial in 2019. Fifth Third Bancorp's acquisition of Hammond Hanlon Camp LLC (H2C) in Q1 of 2021, a healthcare-focused investment banking firm, is expected to strengthen the bank's investment banking capabilities. The acquisition will enable Fifth Third to expand its healthcare expertise and offer more comprehensive financial solutions to healthcare clients. Fifth Third also recently announced the completion of its acquisition of Provide, a digital health startup that offers a platform for connecting patients to social care providers. The acquisition will allow Fifth Third to leverage technology and data to provide better healthcare services to its customers.

President and Chief Executive Officer Tim Spence leads Fifth Third Bancorp's executive leadership team. Tim took the reigns from iconic Fifth Third Bank CEO Greg Carmichael, who retired in Q2 of 2022 and handed the reigns over to Mr. Spence. Greg Carmichael is now the leader of the Board of Directors as Mr. Spence assumes his new role. Mr. Spence was promoted internally and joined the bank in 2015.  

Fifth Third Bancorp has shown steady financial performance over the past few years. The company's revenue and net income have remained steady over the past few years, indicating the bank's stability. The company's net interest margin is around 3%, and its efficiency ratio is approximately 50%, indicating a solid cost management ability. Fifth Third's balance sheet shows ample assets, with more than enough to cover its loans and leases. The company's debt-to-equity ratio is approximately .80, indicating a moderate level of leverage. The company's capital position is strong, with a CET1 ratio of around 10%, roughly double the regulatory minimum. 

Fifth Third Bancorp's valuation metrics indicate that the company is reasonably priced compared to its peers. The company's price-to-earnings and price-to-book are both lower than the industry average. This suggests that Fifth Third Bancorp is not overvalued relative to its peers.

Fifth Third Bancorp's stock performance has been positive over the recent past. The company suffered from a Q1 2020 pandemic-related drop and a Q1 2023 banking crisis drop consistent with industry peers. The company's stock price has been increasing despite these issues. The stock routinely outperforms the broader S&P 500. In the first quarter of 2022, the company repurchased $350 million of its common stock, reflecting management's confidence in its long-term prospects.

The banking industry is highly competitive and has various regulatory and political risks. Fifth Third Bancorp faces intense competition from other regional banks, larger national banks, and non-bank financial institutions, such as fintech companies. The industry is also subject to various regulatory and compliance requirements, which can increase costs and limit growth opportunities. Additionally, changes in interest rates, economic conditions, and consumer preferences can impact the company's financial performance.

Despite these challenges, Fifth Third Bancorp has identified several market growth opportunities. The bank invests in technology and digital channels to enhance customer experience and improve efficiency. It has also been expanding its presence in key markets, such as Florida and Georgia, where it sees strong growth potential. Fifth Third Bancorp has also been focusing on growing its commercial banking business, particularly in sectors such as healthcare, real estate, and technology. The acquisition of H2C is expected to further strengthen the company's capabilities in these areas.

FITB Stock Price History

FITB Stock News Headlines

Healthcare Takes A Big Step Forward With The Help Of AI
The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
Healthcare Takes A Big Step Forward With The Help Of AI
The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
Fifth Third Bancorp Announces Cash Dividends
See More Headlines
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Company Calendar

Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/19/2024
Last Earnings
4/19/2024
Next Earnings (Confirmed)
4/19/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:FITB
CUSIP
31677310
Employees
18,724
Year Founded
1858

Price Target and Rating

Average Stock Price Target
$35.63
High Stock Price Target
$43.00
Low Stock Price Target
$28.00
Potential Upside/Downside
-0.2%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

Net Income
$2.35 billion
Pretax Margin
23.64%

Debt

Sales & Book Value

Annual Sales
$12.64 billion
Cash Flow
$4.67 per share
Book Value
$25.05 per share

Miscellaneous

Free Float
677,816,000
Market Cap
$24.33 billion
Optionable
Optionable
Beta
1.27

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Should I Buy Fifth Third Bancorp Stock? FITB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Fifth Third Bancorp:

  • Fifth Third Bancorp reported earnings per share that exceeded analysts' consensus estimates, indicating strong financial performance.
  • The company's revenue surpassed analysts' expectations, demonstrating robust business growth.
  • Fifth Third Bancorp announced a quarterly dividend with a solid annualized dividend yield of 3.95%, providing income for investors.
  • Institutional investors and hedge funds have been increasing their stakes in Fifth Third Bancorp, reflecting confidence in the company's future prospects.
  • The stock price of Fifth Third Bancorp has shown stability and potential for growth, making it an attractive investment option.

Cons

Investors should be bearish about investing in Fifth Third Bancorp for these reasons:

  • Despite strong financial performance, Fifth Third Bancorp's net margin and return on equity have slightly decreased compared to the previous year, signaling potential challenges.
  • Insider activity, such as the sale of company stock by the COO, may raise concerns about internal confidence in the company's future performance.
  • The payout ratio of Fifth Third Bancorp is relatively high at 43.34%, which could limit future dividend growth or reinvestment in the business.
  • Market volatility and economic uncertainties could impact Fifth Third Bancorp's operations and financial results, affecting investor returns.
  • While institutional investors have increased their holdings, the high percentage of ownership by institutions may lead to limited influence for individual investors in company decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Fifth Third Bancorp pros and cons to contact@marketbeat.com.

FITB Stock Analysis - Frequently Asked Questions

Should I buy or sell Fifth Third Bancorp stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FITB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FITB, but not buy additional shares or sell existing shares.
View FITB analyst ratings
or view top-rated stocks.

What is Fifth Third Bancorp's stock price target for 2024?

13 brokers have issued twelve-month target prices for Fifth Third Bancorp's stock. Their FITB share price targets range from $28.00 to $43.00. On average, they expect the company's stock price to reach $35.63 in the next year. This suggests that the stock has a possible downside of 1.8%.
View analysts price targets for FITB
or view top-rated stocks among Wall Street analysts.

How have FITB shares performed in 2024?

Fifth Third Bancorp's stock was trading at $34.49 on January 1st, 2024. Since then, FITB shares have increased by 5.2% and is now trading at $36.28.
View the best growth stocks for 2024 here
.

When is Fifth Third Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 19th 2024.
View our FITB earnings forecast
.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) posted its quarterly earnings data on Friday, April, 19th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. Fifth Third Bancorp had a net margin of 18.58% and a trailing twelve-month return on equity of 16.25%. During the same quarter in the prior year, the firm posted $0.78 EPS.

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 Monday, March 18th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.35 per share on Monday, April 15th. This represents a $1.40 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for FITB
.

Is Fifth Third Bancorp a good dividend stock?

Fifth Third Bancorp (NASDAQ:FITB) pays an annual dividend of $1.40 per share and currently has a dividend yield of 4.11%. FITB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 43.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FITB will have a dividend payout ratio of 40.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FITB.

What is Greg D. Carmichael's approval rating as Fifth Third Bancorp's CEO?

820 employees have rated Fifth Third Bancorp Chief Executive Officer Greg D. Carmichael on Glassdoor.com. Greg D. Carmichael has an approval rating of 82% among the company's employees. 67.0% of employees surveyed would recommend working at Fifth Third Bancorp to a friend.

What other stocks do shareholders of Fifth Third Bancorp own?
Who are Fifth Third Bancorp's major shareholders?

Fifth Third Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.28%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Los Angeles Capital Management LLC (0.19%), Atwood & Palmer Inc. (0.13%), Daymark Wealth Partners LLC (0.04%) and Wealth Enhancement Advisory Services LLC (0.02%). Insiders that own company stock include C Bryan Daniels, Evan Bayh, Gary R Heminger, Greg D Carmichael, Howard Hammond, James C Leonard, Jude Schramm, Kristine R Garrett, Mitchell Feiger, Robert P Shaffer, Thomas H Harvey and Timothy Spence.
View institutional ownership trends
.

How do I buy shares of Fifth Third Bancorp?

Shares of FITB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Fifth Third Bancorp have any subsidiaries?
The following companies are subsidiares of Fifth Third Bancorp: 1208 N Ocean Boulevard LLC, 5/3 BS IV Investment Fund LLC, 5/3 CityLink Investment Fund LLC, 5/3 Keyer Row Investment Fund LLC, 5/3 Warsaw Creative Investment Fund LLC, 5/3 Willkommen Investment Fund 2 LLC, 5/3 Willkommen Investment Fund LLC, 53 AMRC Solar Trust, 53 ANEE Solar Trust, 53 APA Solar Trust, 53 BR Solar Trust, 53 GEC Solar Trust, 53 GSE Solar Trust, 53 KE Solar Trust, 53 NR Solar Trust, 53 RCE Solar Trust, 53 SP Solar Trust, 53 SS Solar Trust, 53 TGE Solar Trust, Acquisition Properties II LLC, Acquisition Properties VII LLC, Ashland Bankshares, Ashland Management Agency LLC, BB Development I LLC, BB Development VII LLC, BBIF Investor Fund LLC, BCB Development III LLC, BCB Development XXXI LLC, Boss Cox Investment Fund LLC, Canal Place Investment Fund LLC, Carver Loan Pool Investment Fund LLC, Emerald Financial Corp, Epic Insurance Solutions, Epic Insurance Solutions Agency LLC, FTB SR Solar Trust, Fifth Third Acquisition Holdings LLC, Fifth Third Auto Leasing Trust, Fifth Third Auto Trust 2019-1, Fifth Third Auto Trust 2020-1, Fifth Third Bank National Association, Fifth Third Business Capital Canada Inc., Fifth Third Capital Holdings LLC, Fifth Third Commercial Funding Inc., Fifth Third Community Development Company LLC, Fifth Third Community Development Corporation, Fifth Third Financial Corporation, Fifth Third Global Services Inc., Fifth Third Holdings Funding LLC, Fifth Third Holdings LLC, Fifth Third Insurance Agency Inc., Fifth Third International Company, Fifth Third Investment Company, Fifth Third Mauritius Holdings Limited, Fifth Third Mortgage – Michigan LLC, Fifth Third New Markets Development Co. LLC, Fifth Third New Markets Development Company II LLC, Fifth Third Securities Inc., Fifth Third Wealth Advisor LLC, First Charter Capital Trust I, First Charter Capital Trust II, Five Rivers Investment Fund LLC, Franklin Street Advisors Inc., Franklin Street Partners, Franklin Street Trust Company, Fuschia Properties LLC, GNB Management LLC, GNB Realty LLC, Gads Hill Investment Fund LLC, H2C Securities Inc., HCB Development I LLC, Hammond Hanlon Camp LLC, HostDime Investment Fund LLC, Life Connection Investment Fund LLC, MB Financial, MB Financial Center LLC, MB Financial Center Land Owner LLC, MB Financial International Inc., MB1200 Corporation, MB1776 LLC, MB1803 LLC, MB1807 LLC, MB1810 LLC, MB1815 LLC, MB1829 LLC, MB1841 LLC, MB1846 LLC, MB1853 LLC, MB1861 LLC, MB1864 LLC, MB1868 LLC, MB1871 LLC, MB1875 LLC, MB1877 LLC, MB1883 LLC, MB1884 LLC, MB1897 LLC, MB777 LLC, MB797 LLC, MB848 LLC, MB851 LLC, MB854 LLC, MB876 LLC, MB878 LLC, MB899 LLC, MBAA SFR LLC, Mainstreet Investment Advisors LLC, Memorial Hall Investment Fund LLC, NCB Development III LLC, NCB Development XXV LLC, NCB Development XXVIII LLC, NCB Development XXXII LLC, Old Kent Mortgage Services Inc., PCR MB LLC, PSII Investor LLC, Privet Properties LLC, Provide, Provide Inc., R.G. McGraw Insurance Agency, R.G. McGraw Insurance Agency Inc., Ragweed Properties LLC, Retirement Corporation of America, Scherston Real Estate Investments LLC, Score Small Business Loan Pool 2 LLC, Score Small Business Loan Pool 3 LLC, Score Small Business Loan Pool 4 LLC, Score Small Business Loan Pool LLC, South Florida Bank Holding Corporation, Spring Green Properties LLC, State Savings Company, Summit MFR Leasing II LLC, Summit MFR Leasing LLC, Sweetwater Merger Sub Inc., The Retirement Corporation of America, Vista Settlement Services LLC, Walnut & Vine Holdings LLC, and Walnut & Vine Properties II LLC.
Read More
This page (NASDAQ:FITB) was last updated on 4/19/2024 by MarketBeat.com Staff

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