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

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$29.69 -0.15 (-0.50 %)
(As of 08/20/2018 06:00 AM ET)
Previous Close$29.69
Today's Range$29.57 - $29.86
52-Week Range$24.66 - $34.67
Volume4.44 million shs
Average Volume6.01 million shs
Market Capitalization$19.60 billion
P/E Ratio11.08
Dividend Yield2.47%
Beta1.28
Fifth Third Bancorp logoFifth 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 Ratio11.08
Forward P/E Ratio11.83
P/E Growth1.63

Sales & Book Value

Annual Sales$7.71 billion
Price / Sales2.57
Cash Flow$3.5387 per share
Price / Cash8.39
Book Value$21.70 per share
Price / Book1.37

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$19.60 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 Tuesday, June 19th. Shareholders of record on Friday, June 29th will be given a dividend of $0.18 per share on Monday, July 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, June 28th. This is a positive change from Fifth Third Bancorp's previous quarterly dividend of $0.16. View Fifth Third Bancorp's Dividend History.

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

Fifth Third Bancorp declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 28th 2018, which allows the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) issued its quarterly earnings results on Thursday, July, 19th. The financial services provider reported $0.63 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.57 by $0.06. The financial services provider had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.61 billion. Fifth Third Bancorp had a return on equity of 11.12% and a net margin of 32.86%. During the same quarter last year, the business earned $0.45 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.

What price target have analysts set for FITB?

20 equities research analysts have issued 1-year price objectives for Fifth Third Bancorp's stock. Their forecasts range from $26.00 to $36.00. On average, they anticipate Fifth Third Bancorp's stock price to reach $32.0263 in the next year. This suggests a possible upside of 7.9% from the stock's current price. View Analyst Price Targets for Fifth Third Bancorp.

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

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 1 sell rating, 16 hold ratings and 3 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)

Are investors shorting Fifth Third Bancorp?

Fifth Third Bancorp saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 18,448,784 shares, an increase of 14.4% from the July 13th total of 16,127,693 shares. Based on an average daily volume of 8,259,032 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.7% of the shares of the stock are short sold. 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 (Age 39)

Has Fifth Third Bancorp been receiving favorable news coverage?

Press coverage about FITB stock has trended somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fifth Third Bancorp earned a news impact score of 0.20 on Accern's scale. They also assigned headlines about the financial services provider an impact score of 46.66 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Fifth Third Bancorp.

Who are Fifth Third Bancorp's major shareholders?

Fifth Third Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.07%), Boston Partners (1.81%), Sanders Capital LLC (1.63%), LSV Asset Management (1.32%), Dimensional Fund Advisors LP (1.23%) and Wells Fargo & Company MN (1.07%). 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 major investors are selling Fifth Third Bancorp stock?

FITB stock was sold by a variety of institutional investors in the last quarter, including Sanders Capital LLC, Bank of Montreal Can, Natixis, Russell Investments Group Ltd., EJF Capital LLC, Massachusetts Financial Services Co. MA, Morgan Stanley and Artisan Partners Limited Partnership. 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 major investors are buying Fifth Third Bancorp stock?

FITB stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Janus Henderson Group PLC, Schroder Investment Management Group, Millennium Management LLC, Wells Fargo & Company MN, Standard Life Aberdeen plc, Mackay Shields LLC and Putnam Investments 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 $29.69.

How big of a company is Fifth Third Bancorp?

Fifth Third Bancorp has a market capitalization of $19.60 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.

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:  530 (Vote Outperform)
Underperform Votes:  741 (Vote Underperform)
Total Votes:  1,271
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 8/20/2018 by MarketBeat.com Staff

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