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

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$25.63 -0.70 (-2.66 %)
(As of 10/22/2018 12:54 PM ET)
Previous Close$26.33
Today's Range$25.54 - $26.43
52-Week Range$26.11 - $34.67
Volume5.10 million shs
Average Volume5.46 million shs
Market Capitalization$17.59 billion
P/E Ratio9.56
Dividend Yield2.73%
Beta1.27
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
SymbolNASDAQ:FITB
CUSIP31677310
Phone800-972-3030

Debt

Debt-to-Equity Ratio0.96
Current Ratio0.89
Quick Ratio0.88

Price-To-Earnings

Trailing P/E Ratio9.56
Forward P/E Ratio10.25
P/E Growth1.47

Sales & Book Value

Annual Sales$7.71 billion
Price / Sales2.22
Cash Flow$3.4037 per share
Price / Cash7.53
Book Value$21.70 per share
Price / Book1.18

Profitability

EPS (Most Recent Fiscal Year)$2.68
Net Income$2.19 billion
Net Margins32.86%
Return on Equity11.12%
Return on Assets1.18%

Miscellaneous

Employees18,125
Outstanding Shares668,090,000
Market Cap$17.59 billion

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 declared a quarterly dividend on Wednesday, September 19th. Stockholders of record on Friday, September 28th will be paid a dividend of $0.18 per share on Monday, October 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend 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 of Directors has authorized a stock buyback plan on Wednesday, February 28th 2018, which allows the company to repurchase 100,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) posted its earnings results on Tuesday, January, 23rd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.47 by $0.05. The financial services provider earned $1.53 billion during the quarter, compared to the consensus estimate of $1.58 billion. Fifth Third Bancorp had a return on equity of 11.12% and a net margin of 32.86%. During the same period in the prior year, the company posted $0.49 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 Tuesday, October 23rd 2018. 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, October 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 twelve-month target prices for Fifth Third Bancorp's shares. Their predictions range from $26.00 to $36.00. On average, they anticipate Fifth Third Bancorp's share price to reach $32.6667 in the next year. This suggests a possible upside of 27.5% 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 1 sell rating, 11 hold ratings and 4 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)

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 many different of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.33%), PGGM Investments (0.17%), Deprince Race & Zollo Inc. (0.10%), Denali Advisors LLC (0.09%), State of New Jersey Common Pension Fund D (0.09%) and Aperio Group LLC (0.08%). 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 Aperio Group LLC, Hennessy Advisors Inc., Oakbrook Investments LLC, Nisa Investment Advisors LLC, Park National Corp OH, Lynch & Associates IN, Acropolis Investment Management LLC and DNB Asset Management AS. 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, Mark D Hazel and Timothy Spence. 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 Bank of Montreal Can, Denali Advisors LLC, PGGM Investments, Deprince Race & Zollo Inc., State of New Jersey Common Pension Fund D, Andra AP fonden, Zweig DiMenna Associates LLC and Cornerstone Wealth Management LLC. 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 $25.63.

How big of a company is Fifth Third Bancorp?

Fifth Third Bancorp has a market capitalization of $17.59 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:  553 (Vote Outperform)
Underperform Votes:  769 (Vote Underperform)
Total Votes:  1,322
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 10/22/2018 by MarketBeat.com Staff

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