NASDAQ:FITB - Fifth Third Bancorp Stock Price, Forecast & News

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

Fifth Third Bancorp declared a quarterly dividend on Tuesday, December 17th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.24 per share on Wednesday, January 15th. This represents a $0.96 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Monday, December 30th. View Fifth Third Bancorp's Dividend History.

Fifth Third Bancorp declared that its Board of Directors has initiated a stock buyback plan on Tuesday, June 18th 2019, which permits the company to repurchase 100,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

Fifth Third Bancorp (NASDAQ:FITB) announced its earnings results on Wednesday, January, 22nd. The financial services provider reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.73 by $0.05. The financial services provider had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $1.94 billion. Fifth Third Bancorp had a net margin of 25.65% and a return on equity of 10.96%. During the same quarter last year, the firm earned $0.69 earnings per share. View Fifth Third Bancorp's Earnings History.

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

19 brokers have issued 1 year price objectives for Fifth Third Bancorp's shares. Their forecasts range from $27.00 to $38.00. On average, they expect Fifth Third Bancorp's share price to reach $31.68 in the next year. This suggests a possible upside of 6.9% from the stock's current price. View Analyst Price Targets for Fifth Third Bancorp.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 1 sell rating, 7 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Fifth Third Bancorp.

Headlines about FITB stock have trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog 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 impact score of 0.7 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news 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.

Fifth Third Bancorp saw a increase in short interest in January. As of January 31st, there was short interest totalling 9,440,000 shares, an increase of 12.5% from the January 15th total of 8,390,000 shares. Based on an average daily trading volume, of 4,660,000 shares, the short-interest ratio is presently 2.0 days. Approximately 1.3% of the company's stock are short sold. View Fifth Third Bancorp's Current Options Chain.

Some companies that are related to Fifth Third Bancorp include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), TCF Financial (TCF) and Western Alliance Bancorporation (WAL).

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), Wendys (WEN), Carnival (CCL), General Electric (GE), Automatic Data Processing (ADP), Xerox (XRX) and Select Income REIT (SIR).

Fifth Third Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (4.84%), Sanders Capital LLC (2.72%), Bank of America Corp DE (2.40%), Boston Partners (1.59%), Goldman Sachs Group Inc. (1.22%) and LSV Asset Management (1.12%). Company insiders that own Fifth Third Bancorp stock include Aravind Immaneni, Emerson L Brumback, Evan Bayh, Frank R Forrest, 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.

FITB stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Janus Henderson Group PLC, AJO LP, Acadian Asset Management LLC, Russell Investments Group Ltd., Skandinaviska Enskilda Banken AB publ , Rockefeller Capital Management L.P. and Teacher Retirement System of Texas. 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.

FITB stock was purchased by a variety of institutional investors in the last quarter, including Bank of America Corp DE, AQR Capital Management LLC, State of Tennessee Treasury Department, Point72 Asset Management L.P., Pzena Investment Management LLC, MUFG Securities EMEA plc, UBS Group AG and Sanders Capital LLC. View Insider Buying and Selling for 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.

One share of FITB stock can currently be purchased for approximately $29.64.

Fifth Third Bancorp has a market capitalization of $21.03 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 17,437 workers across the globe.View Additional Information About Fifth Third Bancorp.

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

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]