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

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FITB shares.
View FITB analyst ratings or view top-rated stocks.

13 equities research analysts have issued 1-year price targets for Fifth Third Bancorp's stock. Their FITB share price forecasts range from $28.00 to $37.00. On average, they expect the company's stock price to reach $32.50 in the next twelve months. This suggests a possible upside of 26.5% from the stock's current price.
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Fifth Third Bancorp's stock was trading at $32.81 at the beginning of 2023. Since then, FITB shares have decreased by 21.7% and is now trading at $25.70.
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Fifth Third Bancorp saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 9,310,000 shares, an increase of 18.9% from the August 15th total of 7,830,000 shares. Based on an average trading volume of 5,230,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.4% of the company's shares are short sold.
View Fifth Third Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our FITB earnings forecast.

Fifth Third Bancorp will be holding an earnings conference call on Thursday, October 19th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Fifth Third Bancorp (NASDAQ:FITB) posted its quarterly earnings data on Thursday, July, 20th. The financial services provider reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by $0.01. The financial services provider earned $3.10 billion during the quarter, compared to analyst estimates of $2.19 billion. Fifth Third Bancorp had a trailing twelve-month return on equity of 16.92% and a net margin of 22.66%. During the same quarter in the previous year, the company earned $0.79 earnings per share.
Read the conference call transcript.

Fifth Third Bancorp announced a quarterly dividend on Monday, September 11th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.35 per share on Monday, October 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from the stock's previous quarterly dividend of $0.33.
Read our dividend analysis for FITB.

ETFs with the largest weight of Fifth Third Bancorp (NASDAQ:FITB) stock in their portfolio include Davis Select Financial ETF (DFNL), iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), First Trust Nasdaq Bank ETF (FTXO), Proshares Equities For Rising Rates ETF (EQRR), Invesco Zacks Mid-Cap ETF (CZA), SPDR S&P Bank ETF (KBE) and Invesco S&P 500 Equal Weight Financials ETF (RYF).

Fifth Third Bancorp (NASDAQ:FITB) pays an annual dividend of $1.32 per share and currently has a dividend yield of 5.14%. 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 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FITB will have a dividend payout ratio of 42.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FITB.

Fifth Third Bancorp updated its third quarter earnings guidance on Thursday, July, 20th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.13 billion-$2.17 billion, compared to the consensus revenue estimate of $2.18 billion.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fifth Third Bancorp investors own include Anworth Mortgage Asset (ANH), Air Transport Services Group (ATSG), Walgreens Boots Alliance (WBA), Wolverine World Wide (WWW), Carnival Co. & (CCL), General Electric (GE), Wendy's (WEN), Automatic Data Processing (ADP), Bank of America (BAC) and Cisco Systems (CSCO).

Fifth Third Bancorp trades on the NASDAQ under the ticker symbol "FITB."

Fifth Third Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.67%), State Street Corp (4.66%), Geode Capital Management LLC (2.23%), Charles Schwab Investment Management Inc. (2.13%), Franklin Resources Inc. (1.77%) and Capital World Investors (1.48%). Insiders that own company stock include Evan Bayh, Gary R Heminger, Greg D Carmichael, Howard Hammond, James C Leonard, Jewell D Hoover, Jude Schramm, Kevin P Lavender, Kristine R Garrett, Margaret B Jula, Mitchell Feiger, Robert P Shaffer, Robert P Shaffer, Thomas H Harvey and Timothy Spence.
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Shares of FITB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FITB stock can currently be purchased for approximately $25.70.

Fifth Third Bancorp (NASDAQ:FITB) has a market capitalization of $17.50 billion and generates $9.35 billion in revenue each year. The financial services provider earns $2.45 billion in net income (profit) each year or $3.52 on an earnings per share basis.

The company employs 19,319 workers across the globe.

Fifth Third Bancorp's mailing address is 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH, 45263. The official website for the company is trustandwill.com. The financial services provider can be reached via phone at (800) 972-3030, via email at ir@53.com, or via fax at 513-534-6757.