Fifth Third Bancorp Company Profile (NASDAQ:FITB)

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

Fifth Third Bancorp announced a quarterly dividend on Tuesday, June 20th. Investors of record on Friday, June 30th will be given a dividend of $0.14 per share on Monday, July 17th. This represents a $0.56 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, June 28th. View Fifth Third Bancorp's Dividend History.

Fifth Third Bancorp declared that its Board of Directors has authorized a stock repurchase plan on Thursday, June 29th 2017, which authorizes the company to buyback $1,161,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 67% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Fifth Third Bancorp (NASDAQ:FITB) issued its quarterly earnings results on Tuesday, April, 25th. The company reported $0.38 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.38. The firm earned $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. Fifth Third Bancorp had a return on equity of 10.12% and a net margin of 22.64%. During the same quarter in the previous year, the business posted $0.40 EPS. View Fifth Third Bancorp's Earnings History.

Fifth Third Bancorp is scheduled to release their next quarterly earnings announcement on Friday, July, 21st 2017. View Earnings Estimates for Fifth Third Bancorp.

21 brokers have issued 1 year price objectives for Fifth Third Bancorp's stock. Their forecasts range from $20.00 to $29.00. On average, they expect Fifth Third Bancorp's share price to reach $26.22 in the next year. View Analyst Ratings for Fifth Third Bancorp.

Fifth Third Bancorp saw a decline in short interest in June. As of June 30th, there was short interest totalling 11,361,712 shares, a decline of 15.4% from the June 15th total of 13,430,449 shares. Based on an average daily volume of 6,084,016 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.5% of the shares of the stock are short sold.

Some companies that are related to Fifth Third Bancorp include Citizens Financial Group (CFG), First Republic Bank (FRC), Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX), Zions Bancorporation (ZION), BOK Financial Corporation (BOKF), Western Alliance Bancorporation (WAL), Prosperity Bancshares (PB), F.N.B. Corporation (FNB), IBERIABANK Corporation (IBKC), First Hawaiian (FHB), Texas Capital Bancshares (TCBI), Hancock Holding Company (HBHC), Associated Banc-Corp (ASB), UMB Financial Corporation (UMBF), MB Financial (MBFI), Home BancShares (HOMB), Bank of Hawaii Corporation (BOH) and Chemical Financial Corporation (CHFC).

Fifth Third Bancorp's management team includes the folowing people:

• Gregory D. Carmichael, President, Chief Executive Officer, Director
• Tayfun Tuzun, Chief Financial Officer, Executive Vice President
• Aravind Immaneni, Chief Operating Officer, Executive Vice President, Chief Technology Officer
• Lars C. Anderson, Chief Operating Officer, Executive Vice President
• Robert Shaffer, Chief Human Resource Officer, Executive Vice President
• Teresa J. Tanner, Executive Vice President, Chief Administrative Officer
• Matthew E. Jauchius, Executive Vice President, Chief Marketing Officer
• Frank R. Forrest, Executive Vice President, Chief Risk Officer
• James C. Leonard CPA., Executive Vice President, Treasurer
• Jelena McWilliams, Executive Vice President, Chief Legal Officer, Corporate Secretary

Fifth Third Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.24%), James Investment Research Inc. (0.13%), US Bancorp DE (0.13%), Reinhart Partners Inc. (0.11%), National Pension Service (0.10%) and Rockefeller Financial Services Inc. (0.10%). Company insiders that own Fifth Third Bancorp stock include Frank R Forrest, James C Leonard, Jewell D Hoover and Teresa J Tanner. View Institutional Ownership Trends for Fifth Third Bancorp.

Fifth Third Bancorp's stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc., Meeder Asset Management Inc., Oregon Public Employees Retirement Fund, NN Investment Partners Holdings N.V., BB&T Corp, Reinhart Partners Inc., Bank of Montreal Can and US Bancorp DE. Company insiders that have sold Fifth Third Bancorp stock in the last year include Frank R Forrest, James C Leonard and Teresa J Tanner. View Insider Buying and Selling for Fifth Third Bancorp.

Fifth Third Bancorp's stock was acquired by a variety of institutional investors in the last quarter, including National Pension Service, Mn Services Vermogensbeheer B.V., Manning & Napier Advisors LLC, Bedrijfstakpensioenfonds Voor DE Media PNO, Aperio Group LLC, Main Street Research LLC, Fox Run Management L.L.C. and Canal Capital Management LLC. View Insider Buying and Selling for Fifth Third Bancorp.

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.

One share of Fifth Third Bancorp stock can currently be purchased for approximately $25.49.