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

13 Wall Street 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 analysts is that investors should "buy" FITB shares.
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13 Wall Street analysts have issued 12 month target prices for Fifth Third Bancorp's stock. Their FITB share price forecasts range from $29.00 to $44.00. On average, they predict the company's stock price to reach $35.50 in the next year. This suggests a possible upside of 34.4% from the stock's current price.
View analysts price targets for FITB or view top-rated stocks among Wall Street analysts.

Fifth Third Bancorp's stock was trading at $32.81 at the start of the year. Since then, FITB shares have decreased by 19.5% and is now trading at $26.41.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our FITB earnings forecast.

Fifth Third Bancorp will be holding an earnings conference call on Thursday, July 20th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Fifth Third Bancorp (NASDAQ:FITB) released its quarterly earnings results on Thursday, April, 20th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by $0.01. The financial services provider had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.22 billion. Fifth Third Bancorp had a net margin of 24.39% and a trailing twelve-month return on equity of 16.28%. During the same period in the prior year, the business earned $0.69 EPS.
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Fifth Third Bancorp announced a quarterly dividend on Thursday, March 16th. Investors of record on Friday, March 31st will be paid a dividend of $0.33 per share on Monday, April 17th. This represents a $1.32 annualized dividend and a yield of 5.00%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for FITB.

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

Fifth Third Bancorp (NASDAQ:FITB) pays an annual dividend of $1.32 per share and currently has a dividend yield of 4.89%. 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 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FITB will have a dividend payout ratio of 38.26% 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 issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $9.00 billion-$9.17 billion, compared to the consensus revenue estimate of $8.97 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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.63%), Price T Rowe Associates Inc. MD (6.34%), State Street Corp (4.56%), Bank of America Corp DE (2.76%), Geode Capital Management LLC (2.18%) and Charles Schwab Investment Management Inc. (2.03%). 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 $26.41.

Fifth Third Bancorp (NASDAQ:FITB) has a market capitalization of $17.98 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 $3.46 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.