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Fifth Third Bancorp Stock Price, Forecast & Analysis (NASDAQ:FITB)

$30.10
+0.32 (+1.07 %)
(As of 11/22/2019 04:00 PM ET)
Today's Range
$29.86
Now: $30.10
$30.19
50-Day Range
$25.68
MA: $28.49
$30.56
52-Week Range
$22.12
Now: $30.10
$30.89
Volume4.70 million shs
Average Volume6.37 million shs
Market Capitalization$21.36 billion
P/E Ratio11.85
Dividend Yield3.22%
Beta1.4
Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FITB
CUSIP31677310
Phone800-972-3030

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.97 billion
Cash Flow$3.37 per share
Book Value$27.67 per share

Profitability

Net Income$2.19 billion

Miscellaneous

Employees17,437
Market Cap$21.36 billion
Next Earnings Date1/28/2020 (Estimated)
OptionableOptionable

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Fifth Third Bancorp (NASDAQ:FITB) Frequently Asked Questions

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, September 17th. Stockholders of record on Monday, September 30th will be given a dividend of $0.24 per share on Tuesday, October 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, September 27th. View Fifth Third Bancorp's Dividend History.

How will Fifth Third Bancorp's stock buyback program work?

Fifth Third Bancorp announced that its board has approved a share repurchase plan on Tuesday, June 18th 2019, which allows the company to repurchase 100,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) issued its quarterly earnings data on Tuesday, October, 22nd. The financial services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. The financial services provider had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.94 billion. Fifth Third Bancorp had a net margin of 24.36% and a return on equity of 11.40%. During the same quarter in the prior year, the company earned $0.64 EPS. View Fifth Third Bancorp's Earnings History.

When is Fifth Third Bancorp's next earnings date?

Fifth Third Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, January 28th 2020. View Earnings Estimates for Fifth Third Bancorp.

What price target have analysts set for FITB?

18 brokers have issued twelve-month target prices for Fifth Third Bancorp's shares. Their forecasts range from $27.00 to $36.00. On average, they expect Fifth Third Bancorp's stock price to reach $31.54 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price. View Analyst Price Targets for Fifth Third Bancorp.

What is the consensus analysts' recommendation for Fifth Third Bancorp?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 7 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Fifth Third Bancorp.

What are Wall Street analysts saying about Fifth Third Bancorp stock?

Here are some recent quotes from research analysts about Fifth Third Bancorp stock:
  • 1. According to Zacks Investment Research, "Shares of Fifth Third have outperformed the industry, over the past six months. Also, the company has an impressive earnings surprise history, having beaten the Zacks Consensus Estimate in all the trailing four quarters. The first-quarter 2019 results reflected elevated revenues, a strong capital position along with higher expenses and provisions. Fifth Third’s ongoing strategic efforts, such as Project North Star, will likely boost its efficiency and revenues over the long run. Also, margin pressure seems to be easing gradually due to the Fed’s interest rate hikes and improving economic backdrop. However, elevated expenses on the company’s branch-digitization initiative and legal issues remain headwinds. Nevertheless, the company's involvement in steady capital-deployment activities remains impressive." (4/26/2019)
  • 2. Vining Sparks analysts commented, "Much like the other Large Cap U.S. Banks, FITB currently trades at a significant discount to what we believe is a reasonable valuation. We don ’t believe that FITB’s current 139% price-to-tangible book value, after adjusting for the MB Financial acquisition, is representative of the 17% return -on-tangible common equity, expected in 2019E, or its current 3.6% dividend yield. As earnings per share continue to grow at close to 10% in 2019E, following a 39% increase in 2018, we also believe the 9.5x price-to-earnings is also unsustainably low. 35% total return potential seems high, we would remind investors that FITB traded at almost $35 less than a year ago." (1/22/2019)

Has Fifth Third Bancorp been receiving favorable news coverage?

News articles about FITB stock have trended somewhat negative recently, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Fifth Third Bancorp earned a coverage optimism score of -1.9 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Fifth Third Bancorp.

Are investors shorting Fifth Third Bancorp?

Fifth Third Bancorp saw a increase in short interest in October. As of October 31st, there was short interest totalling 11,630,000 shares, an increase of 38.8% from the September 30th total of 8,380,000 shares. Based on an average trading volume of 5,390,000 shares, the short-interest ratio is currently 2.2 days. Approximately 1.6% of the company's shares are short sold. View Fifth Third Bancorp's Current Options Chain.

Who are some of Fifth Third Bancorp's key competitors?

What other stocks do shareholders of Fifth Third Bancorp own?

Who are Fifth Third Bancorp's key executives?

Fifth Third Bancorp's management team includes the folowing people:
  • Mr. Gregory D. Carmichael, Chairman, Pres & CEO (Age 57)
  • Mr. Tayfun Tuzun, Exec. VP & CFO (Age 54)
  • Mr. Lars C. Anderson, Exec. VP & COO (Age 58)
  • Ms. Teresa J. Tanner, Exec. VP & Chief Admin. Officer (Age 50)
  • Mr. Frank R. Forrest, Exec. VP & Chief Risk Officer (Age 64)

Who are Fifth Third Bancorp's major shareholders?

Fifth Third Bancorp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (0.63%), Sumitomo Mitsui Trust Holdings Inc. (0.44%), Wedge Capital Management L L P NC (0.25%), California Public Employees Retirement System (0.25%), Hexavest Inc. (0.19%) and Unigestion Holding SA (0.18%). Company insiders that own Fifth Third Bancorp stock include Aravind Immaneni, Emerson L Brumback, Evan Bayh, Frank R Forrest, Greg D Carmichael, James C Leonard, Jelena Mcwilliams, Jewell D Hoover, Lars C Anderson, Mark D Hazel, Philip Mchugh, Robert P Shaffer, Teresa J Tanner and Timothy Spence. View Institutional Ownership Trends for Fifth Third Bancorp.

Which institutional investors are selling Fifth Third Bancorp stock?

FITB stock was sold by a variety of institutional investors in the last quarter, including Denali Advisors LLC, SG Americas Securities LLC, Unigestion Holding SA, Envestnet Asset Management Inc., Atwood & Palmer Inc., First Trust Advisors LP, CENTRAL TRUST Co and Commonwealth Equity Services LLC. Company insiders that have sold Fifth Third Bancorp company stock in the last year include Frank R Forrest, Jewell D Hoover, Lars C Anderson, Philip Mchugh, Robert P Shaffer, Teresa J Tanner and Timothy Spence. View Insider Buying and Selling for Fifth Third Bancorp.

Which institutional investors are buying Fifth Third Bancorp stock?

FITB stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Sumitomo Mitsui Trust Holdings Inc., State of Alaska Department of Revenue, Oakbrook Investments LLC, Beese Fulmer Investment Management Inc. and Meeder Asset Management Inc.. View Insider Buying and Selling for Fifth Third Bancorp.

How do I buy shares of Fifth Third Bancorp?

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

What is Fifth Third Bancorp's stock price today?

One share of FITB stock can currently be purchased for approximately $30.10.

How big of a company is Fifth Third Bancorp?

Fifth Third Bancorp has a market capitalization of $21.36 billion and generates $7.97 billion in revenue each year. The financial services provider earns $2.19 billion in net income (profit) each year or $2.54 on an earnings per share basis. Fifth Third Bancorp employs 17,437 workers across the globe.View Additional Information About Fifth Third Bancorp.

What is Fifth Third Bancorp's official website?

The official website for Fifth Third Bancorp is http://www.53.com/.

How can I contact Fifth Third Bancorp?

Fifth Third Bancorp's mailing address is 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH, 45263. The financial services provider can be reached via phone at 800-972-3030 or via email at [email protected]


MarketBeat Community Rating for Fifth Third Bancorp (NASDAQ FITB)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  634 (Vote Outperform)
Underperform Votes:  859 (Vote Underperform)
Total Votes:  1,493
MarketBeat's community ratings are surveys of what our community members think about Fifth Third Bancorp and other stocks. Vote "Outperform" if you believe FITB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FITB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/22/2019 by MarketBeat.com Staff

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