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

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$26.90 -0.47 (-1.72 %)
(As of 11/20/2018 04:00 PM ET)
Previous Close$27.37
Today's Range$26.82 - $27.32
52-Week Range$24.10 - $34.67
Volume5.25 million shs
Average Volume5.98 million shs
Market Capitalization$17.96 billion
P/E Ratio10.04
Dividend Yield2.63%
Beta1.18
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, 2017, the company operated 1,154 full-service banking centers and 2,469 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
Phone800-972-3030

Debt

Debt-to-Equity Ratio1.00
Current Ratio0.89
Quick Ratio0.88

Price-To-Earnings

Trailing P/E Ratio10.04
Forward P/E Ratio10.80
P/E Growth1.54

Sales & Book Value

Annual Sales$7.71 billion
Price / Sales2.29
Cash Flow$3.4355 per share
Price / Cash7.83
Book Value$21.70 per share
Price / Book1.24

Profitability

EPS (Most Recent Fiscal Year)$2.68
Net Income$2.19 billion
Net Margins28.89%
Return on Equity11.74%
Return on Assets1.23%

Miscellaneous

Employees18,125
Outstanding Shares655,620,000
Market Cap$17.96 billion
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, September 19th. Stockholders of record on Friday, September 28th will be given a dividend of $0.18 per share on Monday, October 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Thursday, September 27th. View Fifth Third Bancorp's Dividend History.

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

Fifth Third Bancorp announced that its board has initiated a share repurchase program on Wednesday, February 28th 2018, which authorizes the company to repurchase 100,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its shares are undervalued.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) announced its quarterly earnings results on Tuesday, October, 23rd. The financial services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.63 by $0.01. The financial services provider had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.63 billion. Fifth Third Bancorp had a return on equity of 11.74% and a net margin of 28.89%. During the same period in the previous year, the company posted $1.35 earnings per share. 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 Tuesday, January 22nd 2019. View Earnings Estimates for Fifth Third Bancorp.

What price target have analysts set for FITB?

18 brokerages have issued 1-year price targets for Fifth Third Bancorp's stock. Their forecasts range from $26.00 to $36.00. On average, they expect Fifth Third Bancorp's stock price to reach $32.7143 in the next year. This suggests a possible upside of 21.6% from the stock's current price. View Analyst Price Targets for Fifth Third Bancorp.

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

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 13 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 underperformed the industry so far this year. Yet, the company displays an impressive earnings surprise history, beating the Zacks Consensus Estimate in three of the trailing four quarters. Second-quarter results reflect higher revenues and lower provisions, partially offset by rise in costs. The company’s ongoing strategic efforts, such as Project North Star, will likely boost its efficiency and revenues over the long run. Fifth Third entered into stock-cash acquisition deal with MB Financial in May 2018, in order to expand presence in Chicago. Also, margin pressure seems to be easing gradually due to the Fed’s interest rate hikes and improving economic backdrop. Though, elevated expenses on the company’s branch digitization initiative and legal issues remain concerns, Fifth Third's improving credit quality remains a tailwind." (7/24/2018)
  • 2. Vining Sparks analysts commented, "While FITB has continued to meaningfully improve its operating ROTCE over the past year, all eyes are focused on how much improvement FITB can generate from its MB Financial acquisition, once it closes in the first quarter of 2019. We continue to believe that FITB should be able to improve its ROTCE by another 3 to 4 percentage points by 2020E, as FITB benefits from its announced synergies, continued strong capital deployment, and the continued normalization of interest rates. As this increased profitability begins to be realized, FITB should generate over 20% of long-term shareholder value." (7/19/2018)

Has Fifth Third Bancorp been receiving favorable news coverage?

Media stories about FITB stock have been trending somewhat positive on Tuesday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 1.9 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 7.0 out of 10, indicating that recent press coverage is 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 drop in short interest in October. As of October 15th, there was short interest totalling 15,746,315 shares, a drop of 10.0% from the September 28th total of 17,497,793 shares. Based on an average daily volume of 5,707,437 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.4% of the company's stock are sold short. View Fifth Third Bancorp's Current Options Chain.

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

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 56)
  • Mr. Tayfun Tuzun, Exec. VP & CFO (Age 53)
  • Mr. Lars C. Anderson, Exec. VP & COO (Age 57)
  • Mr. Frank R. Forrest, Exec. VP & Chief Risk Officer (Age 63)
  • Mr. Timothy N. Spence, Exec. VP and Head of Consumer Bank, Payments & Strategies (Age 39)

Who are Fifth Third Bancorp's major shareholders?

Fifth Third Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.05%), JPMorgan Chase & Co. (2.66%), LSV Asset Management (1.35%), Dimensional Fund Advisors LP (1.31%), Wells Fargo & Company MN (1.02%) and Gallagher Fiduciary Advisors LLC (0.92%). 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, 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 Capital World Investors, First Trust Advisors LP, JPMorgan Chase & Co., BlackRock Inc., Mitsubishi UFJ Trust & Banking Corp, Rockefeller Capital Management L.P., Gallagher Fiduciary Advisors LLC and Wells Fargo & Company MN. Company insiders that have sold Fifth Third Bancorp company stock in the last year include Aravind Immaneni, Emerson L Brumback, Frank R Forrest, Greg D Carmichael, James C Leonard, Jelena Mcwilliams, Jewell D Hoover, Lars C Anderson and Mark D Hazel. View Insider Buying and Selling for Fifth Third Bancorp.

Which institutional investors are buying Fifth Third Bancorp stock?

FITB stock was bought by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Nordea Investment Management AB, AQR Capital Management LLC, O Shaughnessy Asset Management LLC, United Services Automobile Association, Bank of Montreal Can, Willis Investment Counsel and Russell Investments Group Ltd.. 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 $26.90.

How big of a company is Fifth Third Bancorp?

Fifth Third Bancorp has a market capitalization of $17.96 billion and generates $7.71 billion in revenue each year. The financial services provider earns $2.19 billion in net income (profit) each year or $2.68 on an earnings per share basis. Fifth Third Bancorp employs 18,125 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 (star star)
Outperform Votes:  562 (Vote Outperform)
Underperform Votes:  779 (Vote Underperform)
Total Votes:  1,341
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 11/20/2018 by MarketBeat.com Staff

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