NASDAQ:FITBFifth Third Bancorp Stock Price, Forecast & News

$22.38

+1.02 (+4.78 %)

(As of 06/4/2020 02:38 PM ET)

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Today's Range

$20.98

Now: $22.38▼

$22.39

50-Day Range

$14.77

MA: $17.59▼

$20.97

52-Week Range

$11.10

Now: $22.38▼

$31.64

Volume4.96 million shs

Average Volume7.50 million shs

Market Capitalization$15.93 billion

P/E Ratio9.82

Dividend Yield5.34%

Beta1.7

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. Its Branch Banking segment provides a range of deposit and loan products to individuals and small businesses. This segment offers checking and savings accounts, home equity loans and lines of credit, credit cards, and loans for automobiles and personal financing needs, as well as cash management services for small businesses. The company's Consumer Lending segment engages in direct lending activities that include origination, retention, and servicing of residential mortgage and home equity loans or lines of credit; and indirect lending activities, including loans to consumers through correspondent lenders and automobile dealers. Fifth Third Bancorp's Wealth & Asset Management segment provides various investment alternatives for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides asset management services; holistic strategies to affluent clients in wealth planning, investing, insurance, and wealth protection; and advisory services for institutional clients comprising states and municipalities. As of December 31, 2018, the company operated 1,121 full-service banking centers and 2,419 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Fifth Third Bancorp has received a consensus rating of Buy. The company's average rating score is 2.59, and is based on 11 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $24.46, Fifth Third Bancorp has a potential upside of 10.2% from its current price of $22.20.
Amount of Analyst Coverage
Fifth Third Bancorp has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.1 Community Rank

Outperform Votes
Fifth Third Bancorp has received 674 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Fifth Third Bancorp has received 910 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Fifth Third Bancorp has received 57.45% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Fifth Third Bancorp is a leading dividend payer. It pays a dividend yield of 5.34%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Fifth Third Bancorp has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Fifth Third Bancorp is 38.99 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Fifth Third Bancorp will have a dividend payout ratio of 48.21 % next year. This indicates that Fifth Third Bancorp will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Fifth Third Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $993,720.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.52% of the stock of Fifth Third Bancorp is held by insiders.
Percentage Held by Institutions
78.34% of the stock of Fifth Third Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Fifth Third Bancorp are expected to grow by 70.99% in the coming year, from $1.31 to $2.24 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Fifth Third Bancorp is 9.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Fifth Third Bancorp is 9.74, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.93.
Price to Earnings Growth Ratio
Fifth Third Bancorp has a PEG Ratio of 1.87. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Fifth Third Bancorp has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.30 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:FITB

Previous Symbol

CUSIP31677310

CIK35527

Webwww.53.com

Phone800-972-3030

Debt

Debt-to-Equity Ratio0.81

Current Ratio0.89

Quick Ratio0.88

Price-To-Earnings

Trailing P/E Ratio9.82

Forward P/E Ratio17.08

P/E Growth1.87

Sales & Book Value

Annual Sales$9.79 billion

Price / Sales1.63

Cash Flow$4.03 per share

Price / Cash Flow5.56

Book Value$27.38 per share

Price / Book0.82

Profitability

EPS (Most Recent Fiscal Year)$2.77

Net Income$2.51 billion

Net Margins18.85%

Return on Equity9.05%

Return on Assets1.02%

Miscellaneous

Employees19,869

Outstanding Shares711,910,000

Market Cap$15.93 billion

Next Earnings Date7/28/2020 (Estimated)

OptionableOptionable

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Fifth Third Bancorp (NASDAQ:FITB) Frequently Asked Questions

How has Fifth Third Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Fifth Third Bancorp's stock was trading at $17.65 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FITB shares have increased by 25.8% and is now trading at $22.20. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Fifth Third Bancorp?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 1 sell rating, 5 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Fifth Third Bancorp.

When is Fifth Third Bancorp's next earnings date?

Fifth Third Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Fifth Third Bancorp.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) posted its quarterly earnings data on Tuesday, April, 21st. The financial services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.10. The financial services provider had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. Fifth Third Bancorp had a return on equity of 9.05% and a net margin of 18.85%. During the same quarter last year, the business posted $0.63 earnings per share. View Fifth Third Bancorp's earnings history.

How often does Fifth Third Bancorp pay dividends? What is the dividend yield for Fifth Third Bancorp?

Fifth Third Bancorp declared a quarterly dividend on Monday, February 24th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.27 per share on Tuesday, April 14th. This represents a $1.08 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, March 30th. This is a boost from Fifth Third Bancorp's previous quarterly dividend of $0.24. View Fifth Third Bancorp's dividend history.

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

Fifth Third Bancorp announced that its Board of Directors has authorized a share buyback program 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 reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

What price target have analysts set for FITB?

17 equities research analysts have issued 1-year price targets for Fifth Third Bancorp's shares. Their forecasts range from $15.00 to $32.00. On average, they anticipate Fifth Third Bancorp's stock price to reach $24.46 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price. View analysts' price targets for Fifth Third Bancorp.

Has Fifth Third Bancorp been receiving favorable news coverage?

Media headlines about FITB stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Fifth Third Bancorp earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news aboutFifth Third Bancorp.

Are investors shorting Fifth Third Bancorp?

Fifth Third Bancorp saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 13,530,000 shares, an increase of 14.0% from the April 15th total of 11,870,000 shares. Based on an average daily trading volume, of 8,370,000 shares, the short-interest ratio is currently 1.6 days. Approximately 1.9% of the shares of the company are sold short. View Fifth Third Bancorp's Current Options Chain.

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

Some companies that are related to Fifth Third Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

What other stocks do shareholders of Fifth Third Bancorp own?

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

Who are Fifth Third Bancorp's key executives?

Fifth Third Bancorp's management team includes the following 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)

What is Fifth Third Bancorp's stock symbol?

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

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 BlackRock Inc. (6.57%), State Street Corp (4.67%), Invesco Ltd. (2.84%), Sanders Capital LLC (2.64%), JPMorgan Chase & Co. (2.23%) and Geode Capital Management LLC (1.74%). Company insiders that own Fifth Third Bancorp stock include Evan Bayh, Frank R Forrest, Jewell D Hoover, Katherine H Blackburn, Lars C Anderson, 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 Wellington Management Group LLP, Thrivent Financial for Lutherans, Hexavest Inc., State Street Corp, Nuveen Asset Management LLC, BlackRock Inc., Russell Investments Group Ltd., and Sanders Capital LLC. Company insiders that have sold Fifth Third Bancorp company stock in the last year include Frank R Forrest, Lars C Anderson, Philip Mchugh, and Timothy Spence. View insider buying and selling activity for Fifth Third Bancorp.

Which institutional investors are buying Fifth Third Bancorp stock?

FITB stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., AJO LP, Fort Washington Investment Advisors Inc. OH, Wells Fargo & Company MN, Schroder Investment Management Group, AMF Pensionsforsakring AB, Invesco Ltd., and American Financial Group Inc.. Company insiders that have bought Fifth Third Bancorp stock in the last two years include Evan Bayh, and Katherine H Blackburn. View insider buying and selling activity 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 $22.20.

How big of a company is Fifth Third Bancorp?

Fifth Third Bancorp has a market capitalization of $15.80 billion and generates $9.79 billion in revenue each year. The financial services provider earns $2.51 billion in net income (profit) each year or $2.77 on an earnings per share basis. Fifth Third Bancorp employs 19,869 workers across the globe.

What is Fifth Third Bancorp's official website?

The official website for Fifth Third Bancorp is 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]

This page was last updated on 6/4/2020 by MarketBeat.com Staff