Fifth Third Bancorp Company Profile (NASDAQ:FITB)

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

Fifth Third Bancorp announced a quarterly dividend on Tuesday, June 20th. Investors of record on Friday, June 30th will be given a dividend of $0.14 per share on Monday, July 17th. This represents a $0.56 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, June 28th. View Fifth Third Bancorp's Dividend History.

Fifth Third Bancorp declared that its board has authorized a share buyback plan on Thursday, June 29th 2017, which permits the company to buyback $1,161,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 67% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

Fifth Third Bancorp (NASDAQ:FITB) posted its earnings results on Friday, July, 21st. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.03. The company earned $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. Fifth Third Bancorp had a net margin of 21.83% and a return on equity of 10.44%. Fifth Third Bancorp's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. View Fifth Third Bancorp's Earnings History.

Fifth Third Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, October, 18th 2017. View Earnings Estimates for Fifth Third Bancorp.

21 brokers have issued 12 month target prices for Fifth Third Bancorp's stock. Their forecasts range from $20.00 to $29.00. On average, they expect Fifth Third Bancorp's share price to reach $26.28 in the next year. View Analyst Ratings for Fifth Third Bancorp.

Fifth Third Bancorp saw a drop in short interest in the month of June. As of June 30th, there was short interest totalling 11,361,712 shares, a drop of 15.4% from the June 15th total of 13,430,449 shares. Based on an average daily trading volume, of 6,084,016 shares, the short-interest ratio is currently 1.9 days. Approximately 1.5% of the shares of the company are short sold.

Some companies that are related to Fifth Third Bancorp include Citizens Financial Group (CFG), First Republic Bank (FRC), Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX), Zions Bancorporation (ZION), BOK Financial Corporation (BOKF), Western Alliance Bancorporation (WAL), Prosperity Bancshares (PB), F.N.B. Corporation (FNB), First Hawaiian (FHB), IBERIABANK Corporation (IBKC), Texas Capital Bancshares (TCBI), Hancock Holding Company (HBHC), UMB Financial Corporation (UMBF), Home BancShares (HOMB), Bank of Hawaii Corporation (BOH), Associated Banc-Corp (ASB), Chemical Financial Corporation (CHFC) and Pinnacle Financial Partners (PNFP).

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

• Gregory D. Carmichael, President, Chief Executive Officer, Director
• Tayfun Tuzun, Chief Financial Officer, Executive Vice President
• Aravind Immaneni, Chief Operating Officer, Executive Vice President, Chief Technology Officer
• Lars C. Anderson, Chief Operating Officer, Executive Vice President
• Robert Shaffer, Chief Human Resource Officer, Executive Vice President
• Teresa J. Tanner, Executive Vice President, Chief Administrative Officer
• Matthew E. Jauchius, Executive Vice President, Chief Marketing Officer
• Frank R. Forrest, Executive Vice President, Chief Risk Officer
• James C. Leonard CPA., Executive Vice President, Treasurer
• Jelena McWilliams, Executive Vice President, Chief Legal Officer, Corporate Secretary

Fifth Third Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (0.54%), Bank of Montreal Can (0.24%), Sadoff Investment Management LLC (0.15%), James Investment Research Inc. (0.13%), US Bancorp DE (0.13%) and Reinhart Partners Inc. (0.11%). Company insiders that own Fifth Third Bancorp stock include Frank R Forrest, James C Leonard, Jewell D Hoover and Teresa J Tanner. View Institutional Ownership Trends for Fifth Third Bancorp.

Fifth Third Bancorp's stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc., Russell Investments Group Ltd., Meeder Asset Management Inc., Oregon Public Employees Retirement Fund, NN Investment Partners Holdings N.V., BB&T Corp, Reinhart Partners Inc. and First Midwest Bank Trust Division. Company insiders that have sold Fifth Third Bancorp stock in the last year include Frank R Forrest, James C Leonard and Teresa J Tanner. View Insider Buying and Selling for Fifth Third Bancorp.

Fifth Third Bancorp's stock was purchased by a variety of institutional investors in the last quarter, including National Pension Service, Mn Services Vermogensbeheer B.V., Manning & Napier Advisors LLC, APG Asset Management N.V., Bedrijfstakpensioenfonds Voor DE Media PNO, Aperio Group LLC, Quantitative Systematic Strategies LLC and Main Street Research LLC. View Insider Buying and Selling for Fifth Third Bancorp.

Shares of Fifth Third Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Fifth Third Bancorp stock can currently be purchased for approximately $26.59.