Fifth Third Bancorp - FITB Stock Forecast, Price & News

14 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 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FITB shares.
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14 Wall Street analysts have issued twelve-month price objectives for Fifth Third Bancorp's shares. Their FITB share price forecasts range from $37.00 to $56.00. On average, they predict the company's stock price to reach $44.65 in the next year. This suggests a possible upside of 30.9% from the stock's current price.
View analysts price targets for FITB or view top-rated stocks among Wall Street analysts.

Fifth Third Bancorp's stock was trading at $43.55 at the beginning of 2022. Since then, FITB shares have decreased by 21.7% and is now trading at $34.11.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our FITB earnings forecast.

Fifth Third Bancorp will be holding an earnings conference call on Thursday, October 20th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Fifth Third Bancorp (NASDAQ:FITB) announced its quarterly earnings results on Thursday, July, 21st. The financial services provider reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by $0.08. The financial services provider earned $2.02 billion during the quarter, compared to analysts' expectations of $2.08 billion. Fifth Third Bancorp had a trailing twelve-month return on equity of 12.99% and a net margin of 29.09%. During the same period last year, the firm earned $0.94 earnings per share.
Read the conference call transcript.

Fifth Third Bancorp declared a quarterly dividend on Monday, September 12th. Stockholders of record on Friday, September 30th will be given a dividend of $0.33 per share on Monday, October 17th. This represents a $1.32 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, September 29th. This is an increase from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for FITB.

Fifth Third Bancorp (NASDAQ:FITB) pays an annual dividend of $1.32 per share and currently has a dividend yield of 4.02%. FITB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FITB will have a dividend payout ratio of 32.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FITB.

Fifth Third Bancorp updated its FY 2022 earnings guidance on Friday, July, 29th. The company provided 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.

820 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. 67.0% of employees surveyed would recommend working at Fifth Third Bancorp to a friend.

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), Wendy's (WEN), Automatic Data Processing (ADP), Bank of America (BAC) and Cisco Systems (CSCO).

Fifth Third Bancorp trades on the NASDAQ under the ticker symbol "FITB."

Fifth Third Bancorp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Park National Corp OH (0.01%), Bowling Portfolio Management LLC (0.01%), First Hawaiian Bank (0.00%), AdvisorNet Financial Inc (0.00%) and First Financial Bank Trust Division (0.00%). Insiders that own company stock include 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.
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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.
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One share of FITB stock can currently be purchased for approximately $34.11.

Fifth Third Bancorp (NASDAQ:FITB) has a market capitalization of $23.41 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.

The company employs 19,112 workers across the globe.

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.