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NASDAQ:FITB

Fifth Third Bancorp - FITB Stock Forecast, Price & News

$34.38
-0.29 (-0.84%)
(As of 08/8/2022 12:34 PM ET)
Add
Compare
Today's Range
$34.28
$35.00
50-Day Range
$32.21
$39.56
52-Week Range
$31.80
$50.64
Volume
88,106 shs
Average Volume
5.86 million shs
Market Capitalization
$23.50 billion
P/E Ratio
10.39
Dividend Yield
3.46%
Price Target
$45.56

Fifth Third Bancorp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
31.0% Upside
$45.56 Price Target
Short Interest
Healthy
2.05% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.48
Upright™ Environmental Score
News Sentiment
0.20mentions of Fifth Third Bancorp in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$92,325 Sold Last Quarter
Proj. Earnings Growth
15.41%
From $3.57 to $4.12 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.48 out of 5 stars

Finance Sector

7th out of 1,207 stocks

State Commercial Banks Industry

3rd out of 217 stocks

FITB stock logo

About Fifth Third Bancorp (NASDAQ:FITB) Stock

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 wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. As of December 31, 2021, the company operated 1,117 full-service banking centers and 2,322 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.

Fifth Third Bancorp Trading Up 2.6 %

NASDAQ:FITB opened at $34.67 on Monday. The firm has a 50 day moving average of $34.91 and a 200 day moving average of $40.02. The stock has a market capitalization of $23.70 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.18 and a beta of 1.27. Fifth Third Bancorp has a 52 week low of $31.80 and a 52 week high of $50.64. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.65.

Fifth Third Bancorp (NASDAQ:FITB - Get Rating) last released its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.11). Fifth Third Bancorp had a net margin of 29.09% and a return on equity of 12.99%. During the same quarter last year, the business posted $0.94 EPS. As a group, sell-side analysts anticipate that Fifth Third Bancorp will post 3.57 earnings per share for the current fiscal year.

Fifth Third Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Wednesday, June 29th. Fifth Third Bancorp's payout ratio is currently 36.25%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FITB. Piper Sandler decreased their target price on shares of Fifth Third Bancorp to $40.00 in a research report on Friday, July 22nd. Robert W. Baird upgraded shares of Fifth Third Bancorp from a "neutral" rating to an "outperform" rating and set a $44.00 price target on the stock in a report on Friday, June 17th. Barclays cut their price target on shares of Fifth Third Bancorp from $57.00 to $53.00 and set an "overweight" rating on the stock in a report on Friday, July 22nd. Citigroup cut their price target on shares of Fifth Third Bancorp from $44.00 to $37.00 in a report on Tuesday, July 12th. Finally, Bank of America upped their price target on shares of Fifth Third Bancorp from $44.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, April 20th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $45.56.

Insider Transactions at Fifth Third Bancorp

In other news, EVP Jude Schramm sold 2,500 shares of the firm's stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $36.93, for a total value of $92,325.00. Following the completion of the sale, the executive vice president now owns 45,844 shares in the company, valued at approximately $1,693,018.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.67% of the company's stock.

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FITB Stock News Headlines

Biden: By 2030, 50% Of All Vehicles Will Be Electric. Sparking New "Lithium Gold Rush."
Experts predict that the global lithium market will balloon by 500%. That's wonderful news for investors, because a "sure-thing" like this appears once in a lifetime. And this small-cap company just snagged what could be one of the world's largest lithium deposits.
All Electric Commitment From GM, Volkswagen, Could Put Lithium Stock In A Supercycle
More automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...
Fifth Third Bancorp (NASDAQ:FITB) PT Lowered to $40.00
Fifth Third Bancorp (NASDAQ:FITB) PT Lowered to $37.00
See More Headlines
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FITB Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Last Earnings
7/21/2022
Today
8/08/2022
Next Earnings (Estimated)
10/18/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:FITB
CUSIP
31677310
Employees
19,112
Year Founded
1858

Price Target and Rating

Average Stock Price Forecast
$45.56
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+32.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
13 Analysts

Profitability

Net Income
$2.77 billion
Pretax Margin
36.74%

Debt

Sales & Book Value

Annual Sales
$8.33 billion
Cash Flow
$4.52 per share
Book Value
$29.39 per share

Miscellaneous

Free Float
679,098,000
Market Cap
$23.50 billion
Optionable
Optionable
Beta
1.27

Social Links


Key Executives














FITB Stock - Frequently Asked Questions

Should I buy or sell Fifth Third Bancorp stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FITB shares.
View FITB analyst ratings
or view top-rated stocks.

What is Fifth Third Bancorp's stock price forecast for 2022?

13 analysts have issued 12 month target prices for Fifth Third Bancorp's stock. Their FITB stock forecasts range from $37.00 to $56.00. On average, they anticipate the company's stock price to reach $45.56 in the next twelve months. This suggests a possible upside of 32.7% from the stock's current price.
View analysts price targets for FITB
or view top-rated stocks among Wall Street analysts.

How has Fifth Third Bancorp's stock price performed in 2022?

Fifth Third Bancorp's stock was trading at $43.55 at the beginning of the year. Since then, FITB stock has decreased by 21.1% and is now trading at $34.34.
View the best growth stocks for 2022 here
.

When is Fifth Third Bancorp's next earnings date?

Fifth Third Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our FITB earnings forecast
.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) released its earnings results on Thursday, July, 21st. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by $0.11. Fifth Third Bancorp had a net margin of 29.09% and a trailing twelve-month return on equity of 12.99%. During the same quarter last year, the business earned $0.94 EPS.
Read the conference call transcript
.

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, June 14th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.30 per share on Friday, July 15th. This represents a $1.20 annualized dividend and a yield of 3.49%. The ex-dividend date is Wednesday, June 29th.
Read our dividend analysis for FITB
.

Is Fifth Third Bancorp a good dividend stock?

Fifth Third Bancorp (NASDAQ:FITB) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.46%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 36.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FITB will have a dividend payout ratio of 29.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FITB.

What guidance has Fifth Third Bancorp issued on next quarter's earnings?

Fifth Third Bancorp issued an update on its FY 2022 earnings guidance on Friday, July, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.48 billion-$8.56 billion, compared to the consensus revenue estimate of $8.50 billion.

What is Greg D. Carmichael's approval rating as Fifth Third Bancorp's CEO?

466 employees have rated Fifth Third Bancorp Chief Executive Officer Greg D. Carmichael on Glassdoor.com. Greg D. Carmichael has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Fifth Third Bancorp own?

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 number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.90%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Fifth Third Bancorp (0.20%), Victory Capital Management Inc. (0.15%), New York State Teachers Retirement System (0.13%) and Todd Asset Management LLC (0.12%). Insiders that own company stock include Evan Bayh, Frank R Forrest, Greg D Carmichael, Howard Hammond, Jewell D Hoover, Jude Schramm, Katherine H Blackburn, Kevin P Lavender, Kristine R Garrett, Margaret B Jula, Mitchell Feiger, Philip Mchugh, Robert P Shaffer, Robert P Shaffer, Thomas H Harvey and Timothy Spence.
View institutional ownership trends
.

How do I buy shares of Fifth Third Bancorp?

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

What is Fifth Third Bancorp's stock price today?

One share of FITB stock can currently be purchased for approximately $34.34.

How much money does Fifth Third Bancorp make?

Fifth Third Bancorp (NASDAQ:FITB) has a market capitalization of $23.48 billion and generates $8.33 billion in revenue each year. The financial services provider earns $2.77 billion in net income (profit) each year or $3.31 on an earnings per share basis.

How many employees does Fifth Third Bancorp have?

Fifth Third Bancorp employs 19,112 workers across the globe.

Does Fifth Third Bancorp have any subsidiaries?

The following companies are subsidiares of Fifth Third Bancorp: 1208 N Ocean Boulevard LLC, 5/3 BS IV Investment Fund LLC, 5/3 CityLink Investment Fund LLC, 5/3 Keyer Row Investment Fund LLC, 5/3 Warsaw Creative Investment Fund LLC, 5/3 Willkommen Investment Fund 2 LLC, 5/3 Willkommen Investment Fund LLC, 53 AMRC Solar Trust, 53 ANEE Solar Trust, 53 APA Solar Trust, 53 BR Solar Trust, 53 GEC Solar Trust, 53 GSE Solar Trust, 53 KE Solar Trust, 53 NR Solar Trust, 53 RCE Solar Trust, 53 SP Solar Trust, 53 SS Solar Trust, 53 TGE Solar Trust, Acquisition Properties II LLC, Acquisition Properties VII LLC, Ashland Bankshares, Ashland Management Agency LLC, BB Development I LLC, BB Development VII LLC, BBIF Investor Fund LLC, BCB Development III LLC, BCB Development XXXI LLC, Boss Cox Investment Fund LLC, Canal Place Investment Fund LLC, Carver Loan Pool Investment Fund LLC, Emerald Financial Corp, Epic Insurance Solutions, Epic Insurance Solutions Agency LLC, FTB SR Solar Trust, Fifth Third Acquisition Holdings LLC, Fifth Third Auto Leasing Trust, Fifth Third Auto Trust 2019-1, Fifth Third Auto Trust 2020-1, Fifth Third Bank National Association, Fifth Third Business Capital Canada Inc., Fifth Third Capital Holdings LLC, Fifth Third Commercial Funding Inc., Fifth Third Community Development Company LLC, Fifth Third Community Development Corporation, Fifth Third Financial Corporation, Fifth Third Global Services Inc., Fifth Third Holdings Funding LLC, Fifth Third Holdings LLC, Fifth Third Insurance Agency Inc., Fifth Third International Company, Fifth Third Investment Company, Fifth Third Mauritius Holdings Limited, Fifth Third Mortgage – Michigan LLC, Fifth Third New Markets Development Co. LLC, Fifth Third New Markets Development Company II LLC, Fifth Third Securities Inc., Fifth Third Wealth Advisor LLC, First Charter Capital Trust I, First Charter Capital Trust II, Five Rivers Investment Fund LLC, Franklin Street Advisors Inc., Franklin Street Partners, Franklin Street Trust Company, Fuschia Properties LLC, GNB Management LLC, GNB Realty LLC, Gads Hill Investment Fund LLC, H2C Securities Inc., HCB Development I LLC, Hammond Hanlon Camp LLC, HostDime Investment Fund LLC, Life Connection Investment Fund LLC, MB Financial, MB Financial Center LLC, MB Financial Center Land Owner LLC, MB Financial International Inc., MB1200 Corporation, MB1776 LLC, MB1803 LLC, MB1807 LLC, MB1810 LLC, MB1815 LLC, MB1829 LLC, MB1841 LLC, MB1846 LLC, MB1853 LLC, MB1861 LLC, MB1864 LLC, MB1868 LLC, MB1871 LLC, MB1875 LLC, MB1877 LLC, MB1883 LLC, MB1884 LLC, MB1897 LLC, MB777 LLC, MB797 LLC, MB848 LLC, MB851 LLC, MB854 LLC, MB876 LLC, MB878 LLC, MB899 LLC, MBAA SFR LLC, Mainstreet Investment Advisors LLC, Memorial Hall Investment Fund LLC, NCB Development III LLC, NCB Development XXV LLC, NCB Development XXVIII LLC, NCB Development XXXII LLC, Old Kent Mortgage Services Inc., PCR MB LLC, PSII Investor LLC, Privet Properties LLC, Provide, Provide Inc., R.G. McGraw Insurance Agency, R.G. McGraw Insurance Agency Inc., Ragweed Properties LLC, Retirement Corporation of America, Scherston Real Estate Investments LLC, Score Small Business Loan Pool 2 LLC, Score Small Business Loan Pool 3 LLC, Score Small Business Loan Pool 4 LLC, Score Small Business Loan Pool LLC, South Florida Bank Holding Corporation, Spring Green Properties LLC, State Savings Company, Summit MFR Leasing II LLC, Summit MFR Leasing LLC, Sweetwater Merger Sub Inc., The Retirement Corporation of America, Vista Settlement Services LLC, Walnut & Vine Holdings LLC, and Walnut & Vine Properties II LLC.
Read More

When was Fifth Third Bancorp founded?

Fifth Third Bancorp was founded in 1858.

How can I contact Fifth Third Bancorp?

Fifth Third Bancorp's mailing address is 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH, 45263. The official website for the company is trustandwill.com. The financial services provider can be reached via phone at (800) 972-3030, via email at ir@53.com, or via fax at 513-534-6757.

This page (NASDAQ:FITB) was last updated on 8/8/2022 by MarketBeat.com Staff

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