About Fifth Third Bank (NASDAQ:FITB)
Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It diversifies its loan and lease portfolio by offering a range of loan and lease products with various payment terms and rate structures. It offers commercial and industrial loans, commercial mortgage loans, commercial construction loans, commercial leases, residential mortgage loans, home equity, automobile loans, credit card, and other consumer loans and leases. It offers various types of deposits, such as demand deposits, interest checking deposits, savings deposits, money market deposits and transaction deposits.
Industry, Sector and Symbol
Trailing P/E Ratio11.7965326194127
Forward P/E Ratio14.62
Sales & Book Value
Annual Sales$7.71 billion
Price / Sales2.99
Cash Flow$3.49 per share
Price / Cash9.64
Book Value$21.70 per share
Price / Book1.55
Net Income$2.19 billion
Return on Equity9.65%
Return on Assets1.03%
Fifth Third Bank (NASDAQ:FITB) Frequently Asked Questions
What is Fifth Third Bank's stock symbol?
Fifth Third Bank trades on the NASDAQ under the ticker symbol "FITB."
How often does Fifth Third Bank pay dividends? What is the dividend yield for Fifth Third Bank?
Fifth Third Bank announced a quarterly dividend on Tuesday, February 27th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.16 per share on Monday, April 16th. This represents a $0.64 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, March 28th. View Fifth Third Bank's Dividend History.
How will Fifth Third Bank's stock buyback program work?
Fifth Third Bank declared that its Board of Directors has approved a stock buyback 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. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
How were Fifth Third Bank's earnings last quarter?
Fifth Third Bank (NASDAQ:FITB) posted its quarterly earnings results on Tuesday, January, 23rd. The financial services provider reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. The financial services provider had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.58 billion. Fifth Third Bank had a net margin of 27.08% and a return on equity of 9.65%. During the same period in the previous year, the company posted $0.49 EPS. View Fifth Third Bank's Earnings History.
When will Fifth Third Bank make its next earnings announcement?
Where is Fifth Third Bank's stock going? Where will Fifth Third Bank's stock price be in 2018?
20 analysts have issued 1-year target prices for Fifth Third Bank's shares. Their forecasts range from $26.00 to $36.00. On average, they expect Fifth Third Bank's share price to reach $30.78 in the next twelve months. View Analyst Ratings for Fifth Third Bank.
What are Wall Street analysts saying about Fifth Third Bank stock?
Here are some recent quotes from research analysts about Fifth Third Bank stock:
- 1. Vining Sparks analysts commented, "We believe that FITB should be able to improve its full year ROTCE in 2018E by approximately 2 full percentage points while also continuing to generate meaningful TBV growth, as it benefits from the continued normalization of short-term interest rates, accelerated deployment of excess capital, and the realization of tax reform. Therefore, FITB should be able to generate a total shareholder return of around 10% in 2018E, as FITB’s increased profitability should expand its P/TBV valuation multiple towards 190% while also benefitting from a another increase in its dividend following the 2018E CCAR." (1/28/2018)
- 2. According to Zacks Investment Research, "Shares of Fifth Third have outperformed the industry over the past six months. The performance was supported by the company’s decent earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company’s ongoing strategic efforts, such as Project North Star, will likely boost its efficiency and revenue over the long run. Also, margin pressure seems to be easing gradually, given the Fed interest rate hikes and improving economic backdrop. However, elevated expenses on the company’s branch digitization initiative and legal issues remain a concern." (1/12/2018)
Are investors shorting Fifth Third Bank?
Fifth Third Bank saw a decrease in short interest during the month of February. As of February 28th, there was short interest totalling 22,213,187 shares, a decrease of 14.5% from the February 15th total of 25,965,913 shares. Based on an average trading volume of 5,187,521 shares, the short-interest ratio is currently 4.3 days. Approximately 2.8% of the company's stock are sold short.
Who are some of Fifth Third Bank's key competitors?
Some companies that are related to Fifth Third Bank include Hang Seng Bank (HSNGY), Societe Generale (SCGLY), Royal Bank of Scotland Group (RBS), Nordea Bank (NRBAY), BB&T (BBT), Banco Santander Brasil (BSBR), Canadian Imperial Bank of Commerce (CM), State Street (STT), Danske Bank As (DNKEY), United Overseas Bank (UOVEY), Standard Chart (SCBFF), Dnb Asa (DNHBY), SunTrust Banks (STI), Deutsche Bank (DB), ICICI Bank (IBN), M&T Bank (MTB), Swedbank (SWDBY) and China Const Bk (CICHY).
Who are Fifth Third Bank's key executives?
Fifth Third Bank's management team includes the folowing people:
- Gregory D. Carmichael, Chairman of the Board, President, Chief Executive Officer
- 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
- , Bio & Compensation -
- Teresa J. Tanner, Executive Vice President, Chief Administrative Officer
- Matthew E. Jauchius, Executive Vice President, Chief Marketing Officer
- Frank R. Forrest JR, Executive Vice President, Chief Risk Officer
- James C. Leonard CPA., Executive Vice President, Treasurer
- Jelena McWilliams, Executive Vice President, Chief Legal Officer, Corporate Secretary
Has Fifth Third Bank been receiving favorable news coverage?
Media headlines about FITB stock have been trending positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fifth Third Bank earned a media sentiment score of 0.28 on Accern's scale. They also assigned news headlines about the financial services provider an impact score of 45.11 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Fifth Third Bank's major shareholders?
Fifth Third Bank's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.63%), Boston Partners (2.13%), Sanders Capital LLC (1.92%), LSV Asset Management (1.32%), Geode Capital Management LLC (1.19%) and Wells Fargo & Company MN (0.91%). Company insiders that own Fifth Third Bank stock include 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 Bank.
Which major investors are selling Fifth Third Bank stock?
FITB stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Millennium Management LLC, Standard Life Aberdeen plc, BlackRock Inc., Barrow Hanley Mewhinney & Strauss LLC, James Investment Research Inc., Maltese Capital Management LLC and TIAA CREF Investment Management LLC. Company insiders that have sold Fifth Third Bank company stock in the last year include 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 Insider Buying and Selling for Fifth Third Bank.
Which major investors are buying Fifth Third Bank stock?
FITB stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Bank of Montreal Can, APG Asset Management N.V., Rockefeller Financial Services Inc., PGGM Investments, Paloma Partners Management Co, Robeco Institutional Asset Management B.V. and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. View Insider Buying and Selling for Fifth Third Bank.
How do I buy shares of Fifth Third Bank?
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 Bank's stock price today?
One share of FITB stock can currently be purchased for approximately $33.62.
How big of a company is Fifth Third Bank?
Fifth Third Bank has a market capitalization of $23.17 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 $2.85 on an earnings per share basis. Fifth Third Bank employs 18,125 workers across the globe.
How can I contact Fifth Third Bank?
Fifth Third Bank'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 Bank (FITB)MarketBeat's community ratings are surveys of what our community members think about Fifth Third Bank and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Fifth Third Bank (NASDAQ:FITB) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.05||2.00||1.95||2.00|
|Ratings Breakdown: ||2 Sell Rating(s)|
15 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|3 Sell Rating(s)|
16 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|3 Sell Rating(s)|
17 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
17 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$30.78||$30.78||$28.64||$27.43|
|Price Target Upside: ||8.45% downside||7.71% downside||5.95% downside||3.44% upside|
Fifth Third Bank (NASDAQ:FITB) Consensus Price Target History
Fifth Third Bank (NASDAQ:FITB) Analyst Ratings History
(Data available from 3/19/2016 forward)
Fifth Third Bank (NASDAQ:FITB) Earnings History and Estimates Chart
Fifth Third Bank (NASDAQ FITB) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/23/2018||Q4 2017||$0.47||$0.52||$1.58 billion||$1.53 billion||View||Listen|
|10/24/2017||Q3 2017||$0.48||$0.48||$1.55 billion||$1.54 billion||View||N/A|
|7/21/2017||Q2 2017||$0.42||$0.45||$1.52 billion||$1.51 billion||View||N/A|
|4/25/2017||Q1 2017||$0.38||$0.38||$1.49 billion||$1.46 billion||View||N/A|
|1/24/2017||Q416||$0.43||$0.48||$1.53 billion||$1.53 billion||View||Listen|
|10/20/2016||Q316||$0.41||$0.65||$1.66 billion||$1.75 billion||View||Listen|
|7/28/2016||Q216||$0.38||$0.41||$1.52 billion||$1.50 billion||View||Listen|
|4/21/2016||Q116||$0.34||$0.37||$1.47 billion||$1.55 billion||View||Listen|
|1/21/2016||Q415||$0.40||$0.41||$1.57 billion||$2.00 billion||View||Listen|
|10/20/2015||Q315||$0.40||$0.45||$1.50 billion||$1.62 billion||View||Listen|
|7/21/2015||Q215||$0.36||$0.36||$1.47 billion||$1.45 billion||View||Listen|
|4/21/2015||Q115||$0.37||$0.37||$1.45 billion||$1.51 billion||View||Listen|
|1/21/2015||Q414||$0.42||$0.43||$1.51 billion||$1.54 billion||View||Listen|
|10/16/2014||Q314||$0.43||$0.43||$1.52 billion||$1.43 billion||View||Listen|
|7/17/2014||Q214||$0.45||$0.49||$1.54 billion||$1.64 billion||View||Listen|
|4/17/2014||Q114||$0.41||$0.36||$1.51 billion||$1.46 billion||View||Listen|
|1/23/2014||Q413||$0.42||$0.43||$1.52 billion||$1.61 billion||View||Listen|
|10/17/2013||Q313||$0.42||$0.41||$1.54 billion||$1.62 billion||View||Listen|
|7/18/2013||Q2 2013||$0.45||$0.49||$1.60 billion||$1.95 billion||View||Listen|
|4/18/2013||Q1 2013||$0.39||$0.44||$1.60 billion||$1.64 billion||View||Listen|
|1/17/2013||Q4 2012||$0.42||$0.43||$1.64 billion||View||Listen|
Fifth Third Bank (NASDAQ:FITB) Earnings Estimates
2018 EPS Consensus Estimate: $2.31
2019 EPS Consensus Estimate: $2.63
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Fifth Third Bank (NASDAQ:FITB) Dividend Information
|Payout Ratio:||22.46% (Trailing 12 Months of Earnings) |
27.83% (Based on This Year's Estimates)
25.00% (Based on Next Year's Estimates)
Fifth Third Bank (NASDAQ:FITB) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Fifth Third Bank (NASDAQ FITB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.40%
Institutional Ownership Percentage: 84.57%
Fifth Third Bank (NASDAQ FITB) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/5/2018||Emerson L Brumback||Director||Sell||3,000||$33.44||$100,320.00||53,143|| |
|2/26/2018||Mark D Hazel||SVP||Sell||19,324||$33.37||$644,841.88||57,459|| |
|2/21/2018||James C Leonard||EVP||Sell||35,000||$33.80||$1,183,000.00||101,091|| |
|2/14/2018||Jelena Mcwilliams||EVP||Sell||1,952||$33.01||$64,435.52||6,034|| |
|2/13/2018||Greg D Carmichael||CEO||Sell||87,613||$32.37||$2,836,032.81|| |
|2/13/2018||Lars C Anderson||COO||Sell||16,485||$32.19||$530,652.15|| |
|2/12/2018||Jewell D. Hoover||Director||Sell||3,700||$32.40||$119,880.00|| |
|2/8/2018||Frank R Forrest||EVP||Sell||4,836||$31.90||$154,268.40||112,474|| |
|2/5/2018||Mark D Hazel||SVP||Sell||7,500||$32.81||$246,075.00||62,254|| |
|10/26/2017||Timothy Spence||EVP||Sell||15,000||$28.86||$432,900.00||154,577|| |
|8/18/2017||Frank R Forrest||EVP||Sell||7,004||$26.21||$183,574.84||71,793|| |
|5/4/2017||James C Leonard||EVP||Sell||15,000||$24.88||$373,200.00||75,927|| |
|5/4/2017||Teresa J Tanner||CAO||Sell||26,010||$24.90||$647,649.00||41,286|| |
|4/27/2017||Frank R Forrest||EVP||Sell||13,321||$24.63||$328,096.23||71,793|| |
|4/27/2017||Teresa J Tanner||CAO||Sell||54,984||$24.88||$1,368,001.92||41,286|| |
|11/24/2015||Frank R. Forrest||EVP||Sell||6,702||$20.46||$137,122.92||74,270|| |
|8/21/2015||James C Leonard||SVP||Sell||11,803||$20.20||$238,420.60||62,383|| |
|8/17/2015||Jewell D Hoover||Director||Sell||1,420||$21.06||$29,905.20|| |
|4/29/2015||Gregory Kosch||EVP||Sell||35,000||$20.07||$702,450.00|| |
|2/27/2015||Greg D Carmichael||COO||Sell||14,835||$19.47||$288,837.45|| |
|11/17/2014||Robert A Sullivan||EVP||Sell||26,213||$20.11||$527,143.43|| |
|5/27/2014||Teresa J Tanner||EVP||Sell||15,949||$20.74||$330,782.26|| |
|5/9/2014||Jewell Hoover||Director||Sell||1,350||$20.50||$27,675.00||36,038|| |
|5/7/2014||Emerson Brumback||Director||Sell||1,780||$20.43||$36,365.40||38,624|| |
|4/24/2014||Gregory Kosch||EVP||Sell||7,100||$20.99||$149,029.00||172,985|| |
|4/23/2014||Greg Carmichael||COO||Sell||37,294||$21.04||$784,665.76||192,344|| |
|4/22/2014||Greg Carmichael||COO||Sell||30,000||$20.82||$624,600.00||229,638|| |
|4/21/2014||Greg Carmichael||COO||Sell||10,000||$20.84||$208,400.00||259,638|| |
|2/21/2014||Robert Sullivan||EVP||Sell||25,000||$21.34||$533,500.00||231,360|| |
|1/31/2014||Joseph Robinson||EVP||Sell||8,500||$20.98||$178,330.00||43,784|| |
|1/27/2014||Steven Alonso||EVP||Sell||12,349||$21.25||$262,416.25||84,345|| |
|12/6/2013||John Schiff, Jr.||Director||Buy||5,000||$20.17||$100,850.00||556,832|| |
|5/22/2013||John J Schiff Jr||Director||Buy||40,000||$18.35||$734,000.00|| |
|5/14/2013||Mitchel D Livingston||Director||Sell||10,000||$17.91||$179,100.00|| |
|8/7/2012||John J Schiff Jr||Director||Buy||10,000||$14.31||$143,100.00|| |
Fifth Third Bank (NASDAQ FITB) News Headlines
Fifth Third Bank (NASDAQ:FITB) SEC Filings
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Fifth Third Bank (NASDAQ:FITB) Income Statement, Balance Sheet and Cash Flow Statement
Fifth Third Bank (NASDAQ FITB) Stock Chart for Monday, March, 19, 2018