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

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$27.36 -0.06 (-0.22 %)

(As of 05/23/2019 08:55 AM ET)

Previous Close$27.42

Today's Range$27.18 - $27.44

52-Week Range$22.12 - $32.01

Volume4.77 million shs

Average Volume6.52 million shs

Market Capitalization$20.09 billion

P/E Ratio10.77

Dividend Yield3.21%

Beta1.36

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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:FITB

Previous Symbol

CUSIP31677310

CIK35527

Webhttp://www.53.com/

Phone800-972-3030

Debt

Debt-to-Equity Ratio0.84

Current Ratio0.89

Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio10.77

Forward P/E Ratio9.88

P/E Growth1.38

Sales & Book Value

Annual Sales$7.97 billion

Price / Sales2.52

Cash Flow$3.3447 per share

Price / Cash Flow8.18

Book Value$25.21 per share

Price / Book1.09

Profitability

EPS (Most Recent Fiscal Year)$2.54

Net Income$2.19 billion

Net Margins26.80%

Return on Equity11.77%

Return on Assets1.24%

Miscellaneous

Employees17,437

Outstanding Shares734,390,000

Market Cap$20.09 billion

Next Earnings Date7/18/2019 (Estimated)

OptionableOptionable

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 Wednesday, February 27th. Investors of record on Friday, March 29th will be given a dividend of $0.22 per share on Monday, April 15th. This represents a $0.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, March 28th. 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 plan on Wednesday, February 28th 2018, which authorizes the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board believes its shares are undervalued.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) posted its quarterly earnings data on Tuesday, April, 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.59 by $0.04. The financial services provider earned $2.18 billion during the quarter, compared to the consensus estimate of $1.67 billion. Fifth Third Bancorp had a return on equity of 11.77% and a net margin of 26.80%. During the same quarter last year, the business posted $0.57 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 Thursday, July 18th 2019. View Earnings Estimates for Fifth Third Bancorp.

How can I listen to Fifth Third Bancorp's earnings call?

Fifth Third Bancorp will be holding an earnings conference call on Tuesday, July 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for FITB?

16 brokerages have issued 1 year target prices for Fifth Third Bancorp's shares. Their predictions range from $29.00 to $36.00. On average, they expect Fifth Third Bancorp's share price to reach $31.7692 in the next year. This suggests a possible upside of 16.1% from the stock's current price. View Analyst Price Targets for Fifth Third Bancorp.

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

16 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 9 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?

Media coverage about FITB stock has been trending very negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Fifth Third Bancorp earned a news sentiment score of -3.8 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term.

Are investors shorting Fifth Third Bancorp?

Fifth Third Bancorp saw a increase in short interest during the month of April. As of April 30th, there was short interest totalling 34,928,140 shares, an increase of 3.1% from the April 15th total of 36,030,500 shares. Based on an average trading volume of 7,723,575 shares, the days-to-cover ratio is currently 4.5 days. Currently, 4.7% of the company's shares 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 Itau Unibanco (ITUB), SBERBANK RUSSIA/S (SBRCY), Banco Bradesco (BBD), Bank of Nova Scotia (BNS), Bank of New York Mellon (BK), BANCO BRADESCO/S (BBDO), M&T Bank (MTB), State Street (STT), Northern Trust (NTRS), Citizens Financial Group (CFG), Deutsche Bank (DB), SVB Financial Group (SIVB), First Financial Bankshares (FFIN), East West Bancorp (EWBC) and Commerce Bancshares (CBSH).

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

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 BlackRock Inc. (7.85%), Sanders Capital LLC (2.84%), Dimensional Fund Advisors LP (2.61%), JPMorgan Chase & Co. (2.56%), Geode Capital Management LLC (1.81%) and Northern Trust Corp (1.64%). Company insiders that own Fifth Third Bancorp stock include Aravind Immaneni, Emerson L Brumback, Frank R Forrest, Greg D Carmichael, James C Leonard, Jelena Mcwilliams, Jewell D Hoover, Lars C Anderson, Mark D Hazel, 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 Artisan Partners Limited Partnership, AQR Capital Management LLC, Renaissance Technologies LLC, Janus Henderson Group PLC, Schwartz Investment Counsel Inc., William Blair Investment Management LLC, Neuburgh Advisers LLC and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. Company insiders that have sold Fifth Third Bancorp company stock in the last year include Frank R Forrest, Robert P Shaffer and Teresa J Tanner. View Insider Buying and Selling for Fifth Third Bancorp.

Which institutional investors are buying Fifth Third Bancorp stock?

FITB stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Wellington Management Group LLP, Charles Schwab Investment Management Inc., Geode Capital Management LLC, The Manufacturers Life Insurance Company , Acadian Asset Management LLC and Skandinaviska Enskilda Banken AB publ . 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, Scottrade, Fidelity and Charles Schwab.

What is Fifth Third Bancorp's stock price today?

One share of FITB stock can currently be purchased for approximately $27.36.

How big of a company is Fifth Third Bancorp?

Fifth Third Bancorp has a market capitalization of $20.09 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.

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 ( )
Outperform Votes:		590 (Vote Outperform)
Underperform Votes:		819 (Vote Underperform)
Total Votes:		1,409

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 5/23/2019 by MarketBeat.com Staff