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

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

Fifth Third Bancorp declared a quarterly dividend on Tuesday, December 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.24 per share on Wednesday, January 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Monday, December 30th. View Fifth Third Bancorp's Dividend History.

Fifth Third Bancorp declared that its Board of Directors has approved a stock repurchase plan on Tuesday, June 18th 2019, which allows the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Fifth Third Bancorp (NASDAQ:FITB) posted its quarterly earnings results on Wednesday, January, 22nd. The financial services provider reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by $0.05. The financial services provider earned $2.26 billion during the quarter, compared to analyst estimates of $1.94 billion. Fifth Third Bancorp had a net margin of 24.36% and a return on equity of 11.40%. During the same period in the previous year, the company earned $0.69 EPS. View Fifth Third Bancorp's Earnings History.

Fifth Third Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for Fifth Third Bancorp.

19 equities research analysts have issued 1-year target prices for Fifth Third Bancorp's stock. Their forecasts range from $27.00 to $38.00. On average, they expect Fifth Third Bancorp's share price to reach $31.54 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price. View Analyst Price Targets for Fifth Third Bancorp.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 1 sell rating, 7 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Fifth Third Bancorp.

News coverage about FITB stock has trended extremely positive this week, InfoTrie reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Fifth Third Bancorp earned a media sentiment score of 4.4 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Fifth Third Bancorp.

Fifth Third Bancorp saw a decline in short interest during the month of December. As of December 31st, there was short interest totalling 8,390,000 shares, a decline of 16.9% from the December 15th total of 10,100,000 shares. Based on an average daily volume of 4,660,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.2% of the company's shares are short sold. View Fifth Third Bancorp's Current Options Chain.

Some companies that are related to Fifth Third Bancorp include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Commerce Bancshares (CBSH), TCF Financial (TCF), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Fifth Third Bancorp investors own include Anworth Mortgage Asset Corp Reit (ANH), Air Transport Services Group (ATSG), Wolverine World Wide (WWW), Walgreens Boots Alliance (WBA), Wendys (WEN), Carnival (CCL), Automatic Data Processing (ADP), General Electric (GE), Xerox (XRX) and Bank of America (BAC).

Fifth Third Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.24%), Hexavest Inc. (0.20%), Nisa Investment Advisors LLC (0.06%), State of Alaska Department of Revenue (0.05%), Manning & Napier Group LLC (0.04%) and Zurcher Kantonalbank Zurich Cantonalbank (0.04%). Company insiders that own Fifth Third Bancorp stock include Aravind Immaneni, Emerson L Brumback, Evan Bayh, Frank R Forrest, Greg D Carmichael, James C Leonard, Jelena Mcwilliams, Jewell D Hoover, Lars C Anderson, Mark D Hazel, Philip Mchugh, Robert P Shaffer, Teresa J Tanner and Timothy Spence. View Institutional Ownership Trends for Fifth Third Bancorp.

FITB stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, DNB Asset Management AS, Meag Munich Ergo Kapitalanlagegesellschaft MBH, State of Alaska Department of Revenue, Convergence Investment Partners LLC, OLD National Bancorp IN, Harel Insurance Investments & Financial Services Ltd. and Rothschild Investment Corp IL. Company insiders that have sold Fifth Third Bancorp company stock in the last year include Frank R Forrest, Jewell D Hoover, Lars C Anderson, Philip Mchugh, Robert P Shaffer, Teresa J Tanner and Timothy Spence. View Insider Buying and Selling for Fifth Third Bancorp.

FITB stock was purchased by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, Red Spruce Capital LLC, Hexavest Inc., Stock Yards Bank & Trust Co., Assenagon Asset Management S.A., Zurcher Kantonalbank Zurich Cantonalbank , Nisa Investment Advisors LLC and 180 Wealth Advisors LLC. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of FITB stock can currently be purchased for approximately $29.36.

Fifth Third Bancorp has a market capitalization of $20.84 billion and generates $7.97 billion in revenue each year. The financial services provider earns $2.19 billion in net income (profit) each year or $2.54 on an earnings per share basis. Fifth Third Bancorp employs 17,437 workers across the globe.View Additional Information About Fifth Third Bancorp.

The official website for Fifth Third Bancorp is http://www.53.com/.

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]