NASDAQ:FITB

Fifth Third Bancorp Stock Forecast, Price & News

$31.86

-0.68 (-2.09 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$31.56

Now: $31.87▼

$32.24

50-Day Range

$25.34

MA: $27.98▼

$32.54

52-Week Range

$11.10

Now: $31.87▼

$32.82

Volume4.43 million shs

Average Volume4.25 million shs

Market Capitalization$22.70 billion

P/E Ratio15.85

Dividend Yield3.41%

Beta1.63

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; wealth planning, investment management, insurance, and trust and estate services; and advisory services for institutional clients. As of April 14, 2020, the company operated 1,149 banking centers and 2,481 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bancorp has a strategic relationship with Trust & Will to provide savings on Will and Trust-based estate plans. The company was founded in 1858 and is headquartered in Cincinnati, Ohio.

MarketRank^™

Overall MarketRank^™

2.33 out of 5 stars

Finance Sector

71st out of 1,705 stocks

State Commercial Banks Industry

12th out of 274 stocks

2.3 Analyst's Opinion

Consensus Rating
Fifth Third Bancorp has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 11 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $26.55, Fifth Third Bancorp has a forecasted downside of 16.7% from its current price of $31.87.
Amount of Analyst Coverage
Fifth Third Bancorp has been the subject of 6 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 686 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Fifth Third Bancorp has received 930 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Fifth Third Bancorp has received 57.55% “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.

2.5 Dividend Strength

Dividend Yield
Fifth Third Bancorp pays a meaningful dividend of 3.41%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Fifth Third Bancorp has only been increasing its dividend for 4 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 43.37% next year. This indicates that Fifth Third Bancorp will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Fifth Third Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $219,385.00 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
79.19% 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.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Fifth Third Bancorp are expected to grow by 30.37% in the coming year, from $1.91 to $2.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Fifth Third Bancorp is 15.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Fifth Third Bancorp is 15.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.66.
Price to Earnings Growth Ratio
Fifth Third Bancorp has a PEG Ratio of 1.54. 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 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:FITB

Previous Symbol

CUSIP31677310

CIK35527

Webtrustandwill.com

Phone800-972-3030

Employees19,869

Debt

Debt-to-Equity Ratio0.73

Current Ratio0.91

Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio15.85

Forward P/E Ratio16.68

P/E Growth1.54

Sales & Book Value

Annual Sales$9.79 billion

Price / Sales2.32

Cash Flow$3.65 per share

Price / Cash Flow8.72

Book Value$27.38 per share

Price / Book1.16

Profitability

EPS (Most Recent Fiscal Year)$2.77

Net Income$2.51 billion

Net Margins17.50%

Return on Equity7.52%

Return on Assets0.80%

Miscellaneous

Outstanding Shares712,420,000

Market Cap$22.70 billion

Next Earnings Date1/21/2021 (Confirmed)

OptionableOptionable

$31.86

-0.68 (-2.09 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Fifth Third Bancorp (NASDAQ:FITB) Frequently Asked Questions

How has Fifth Third Bancorp's stock price been impacted by COVID-19?

Fifth Third Bancorp's stock was trading at $17.65 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FITB shares have increased by 80.5% and is now trading at $31.8650.
View which stocks have been most impacted by COVID-19.

Is Fifth Third Bancorp a buy right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 1 sell rating, 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Fifth Third Bancorp stock.
View analyst ratings for Fifth Third Bancorp or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Fifth Third Bancorp?

Wall Street analysts have given Fifth Third Bancorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Fifth Third Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Fifth Third Bancorp's next earnings date?

Fifth Third Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, January 21st 2021.
View our earnings forecast 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 Thursday, January 21st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) released its quarterly earnings results on Thursday, October, 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.19. The financial services provider had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. Fifth Third Bancorp had a return on equity of 7.52% and a net margin of 17.50%. During the same quarter last year, the business posted $0.75 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 Tuesday, December 15th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.27 per share on Friday, January 15th. This represents a $1.08 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Wednesday, December 30th.
View Fifth Third Bancorp's dividend history.

Is Fifth Third Bancorp a good dividend stock?

Fifth Third Bancorp pays an annual dividend of $1.08 per share and currently has a dividend yield of 3.41%. Fifth Third Bancorp has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Fifth Third Bancorp is 38.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Fifth Third Bancorp will have a dividend payout ratio of 43.37% next year. This indicates that Fifth Third Bancorp will be able to sustain or increase its dividend.
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 Tuesday, June 18th 2019, which allows the company to repurchase 100,000,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

What price target have analysts set for FITB?

18 equities research analysts have issued twelve-month price objectives for Fifth Third Bancorp's stock. Their forecasts range from $15.00 to $37.00. On average, they expect Fifth Third Bancorp's stock price to reach $26.55 in the next year. This suggests that the stock has a possible downside of 16.7%.
View analysts' price targets for Fifth Third Bancorp or view Wall Street analyst' top-rated stocks.

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

Some companies that are related to Fifth Third Bancorp include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), East West Bancorp (EWBC), Signature Bank (SBNY), First Horizon (FHN), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION), Western Alliance Bancorporation (WAL) and Prosperity Bancshares (PB).
View all of FITB's 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 (ANH), Air Transport Services Group (ATSG), Walgreens Boots Alliance (WBA), Wolverine World Wide (WWW), Carnival Co. & (CCL), General Electric (GE), The Wendy's (WEN), Automatic Data Processing (ADP), Bank of America (BAC) and Cisco Systems (CSCO).

Who are Fifth Third Bancorp's key executives?

Fifth Third Bancorp's management team includes the following people:

Mr. Gregory D. Carmichael, Chairman & CEO (Age 58, Pay $3.75M)
Mr. Timothy N. Spence, Pres (Age 41, Pay $1.29M)
Mr. Frank R. Forrest, Exec. VP & Special Advisor to the Chief Exec. Officer (Age 65, Pay $1.3M)
Mr. Lars C. Anderson, Exec. VP & Vice Chairman of Commercial Banking Strategic Growth Initiatives (Age 59, Pay $1.61M)
Mr. James C. Leonard CPA, Exec. VP & CFO (Age 50)
Mr. Rob Schipper, Head of Investment Banking & MD
Mr. Jude A. Schramm, Exec. VP & Chief Information Officer (Age 47)
Mr. Christopher Doll, Director of Investor Relations
Ms. Susan B. Zaunbrecher J.D., Exec. VP & Chief legal Officer (Age 60)
Mr. Matthew E. Jauchius, Chief Marketing Officer & Exec. VP (Age 50)

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 Huntington National Bank (0.02%), State of Alaska Department of Revenue (0.02%), Chesley Taft & Associates LLC (0.01%), CX Institutional (0.01%), Gofen & Glossberg LLC IL (0.01%) and IFM Investors Pty Ltd (0.01%). Company insiders that own Fifth Third Bancorp stock include Evan Bayh, Frank R Forrest, Jewell D Hoover, Katherine H Blackburn, Kevin P Lavender, Lars C Anderson, Philip Mchugh, Robert P Shaffer, Teresa J Tanner and Timothy Spence.
View institutional ownership trends for Fifth Third Bancorp.

Which major investors are selling Fifth Third Bancorp stock?

FITB stock was sold by a variety of institutional investors in the last quarter, including First Citizens Bank & Trust Co., CX Institutional, Crossmark Global Holdings Inc., State of Alaska Department of Revenue, Huntington National Bank, Park National Corp OH, Bowling Portfolio Management LLC, and Gofen & Glossberg LLC IL. Company insiders that have sold Fifth Third Bancorp company stock in the last year include Frank R Forrest, and Kevin P Lavender.
View insider buying and selling activity for Fifth Third Bancorp or view top insider-selling stocks.

Which major investors are buying Fifth Third Bancorp stock?

FITB stock was acquired by a variety of institutional investors in the last quarter, including Chesley Taft & Associates LLC, IFM Investors Pty Ltd, Ullmann Financial Group Inc., Trust Co. of Toledo NA OH, Clarius Group LLC, Fulton Bank N.A., Moller Financial Services, and Raymond James Trust N.A.. 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 or or view top insider-buying stocks.

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 WeBull, 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 $31.87.

How big of a company is Fifth Third Bancorp?

Fifth Third Bancorp has a market capitalization of $22.70 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 trustandwill.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 1/16/2021 by MarketBeat.com Staff

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