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

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$27.84 +0.10 (+0.36 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$27.74
Today's Range$27.66 - $27.90
52-Week Range$22.12 - $34.67
Volume248,940 shs
Average Volume4.86 million shs
Market Capitalization$18.25 billion
P/E Ratio10.94
Dividend Yield3.15%
Beta1.32
Fifth 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
Current SymbolNASDAQ:FITB
Previous Symbol
CUSIP31677310
CIK35527
Webwww.53.com
Phone800-972-3030

Debt

Debt-to-Equity Ratio0.97
Current Ratio0.88
Quick Ratio0.88

Price-To-Earnings

Trailing P/E Ratio10.94
Forward P/E Ratio10.12
P/E Growth1.31

Sales & Book Value

Annual Sales$7.97 billion
Price / Sales2.29
Cash Flow$3.4887 per share
Price / Cash Flow7.98
Book Value$22.76 per share
Price / Book1.22

Profitability

EPS (Most Recent Fiscal Year)$2.54
Net Income$2.19 billion
Net Margins27.32%
Return on Equity12.34%
Return on Assets1.28%

Miscellaneous

Employees18,125
Outstanding Shares655,620,000
Market Cap$18.25 billion
Next Earnings Date4/23/2019 (Estimated)
OptionableOptionable

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, December 18th. Shareholders of record on Monday, December 31st will be given a dividend of $0.22 per share on Tuesday, January 15th. This represents a $0.88 annualized dividend and a yield of 3.16%. The ex-dividend date is Friday, December 28th. This is a positive change from Fifth Third Bancorp's previous quarterly dividend of $0.18. 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 share repurchase program on Wednesday, February 28th 2018, which allows the company to repurchase 100,000,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) posted its quarterly earnings results on Tuesday, January, 22nd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.67 by $0.02. The financial services provider earned $1.66 billion during the quarter, compared to analysts' expectations of $1.66 billion. Fifth Third Bancorp had a net margin of 27.32% and a return on equity of 12.34%. During the same quarter last year, the business posted $0.48 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, April 23rd 2019. View Earnings Estimates for Fifth Third Bancorp.

What price target have analysts set for FITB?

17 brokers have issued 12-month price targets for Fifth Third Bancorp's shares. Their predictions range from $26.00 to $36.00. On average, they anticipate Fifth Third Bancorp's share price to reach $31.3571 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price. View Analyst Price Targets for Fifth Third Bancorp.

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

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 11 hold ratings and 6 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. Vining Sparks analysts commented, "Much like the other Large Cap U.S. Banks, FITB currently trades at a significant discount to what we believe is a reasonable valuation. We don ’t believe that FITB’s current 139% price-to-tangible book value, after adjusting for the MB Financial acquisition, is representative of the 17% return -on-tangible common equity, expected in 2019E, or its current 3.6% dividend yield. As earnings per share continue to grow at close to 10% in 2019E, following a 39% increase in 2018, we also believe the 9.5x price-to-earnings is also unsustainably low. 35% total return potential seems high, we would remind investors that FITB traded at almost $35 less than a year ago." (1/22/2019)
  • 2. According to Zacks Investment Research, "Shares of Fifth Third have underperformed the industry over the past six months. While estimates ahead of fourth-quarter 2018 earnings have remained stable lately, the company displays an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. The company’s ongoing strategic efforts, such as Project North Star, will likely boost its efficiency and revenues over the long run. Also, margin pressure seems to be easing gradually due to the Fed’s interest rate hikes and improving economic backdrop. However, elevated expenses on the company’s branch digitization initiative and legal issues remain headwinds. Also, significant exposure to commercial loans remains a concern." (1/11/2019)

Has Fifth Third Bancorp been receiving favorable news coverage?

Media stories about FITB stock have trended somewhat positive on Friday, InfoTrie reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Fifth Third Bancorp earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Who are some of Fifth Third Bancorp's key competitors?

What other stocks do shareholders of Fifth Third Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fifth Third Bancorp investors own include Cisco Systems (CSCO), Bank of America (BAC), Wells Fargo & Co (WFC), General Electric (GE), Walgreens Boots Alliance (WBA), Anworth Mortgage Asset Corp Reit (ANH), Intel (INTC), Johnson & Johnson (JNJ), Home Depot (HD) and JPMorgan Chase & Co. (JPM).

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 57)
  • Mr. Tayfun Tuzun, Exec. VP & CFO (Age 54)
  • Mr. Lars C. Anderson, Exec. VP & COO (Age 58)
  • Mr. Frank R. Forrest, Exec. VP & Chief Risk Officer (Age 64)
  • Mr. Timothy N. Spence, Exec. VP and Head of Consumer Bank, Payments & Strategies (Age 40)

Who are Fifth Third Bancorp's major shareholders?

Fifth Third Bancorp's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.65%), Sanders Capital LLC (2.72%), Boston Partners (1.55%), Dimensional Fund Advisors LP (1.46%), Geode Capital Management LLC (1.45%) and Northern Trust Corp (1.41%). 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 institutional investors are selling Fifth Third Bancorp stock?

FITB stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Boston Partners, Millennium Management LLC, APG Asset Management N.V., Mackay Shields LLC, Bank of America Corp DE, Los Angeles Capital Management & Equity Research Inc. and First Trust Advisors LP. Company insiders that have sold Fifth Third Bancorp company stock in the last year include Aravind Immaneni, Emerson L Brumback, Jelena Mcwilliams and Mark D Hazel. View Insider Buying and Selling for Fifth Third Bancorp.

Which institutional investors are buying Fifth Third Bancorp stock?

FITB stock was bought by a variety of institutional investors in the last quarter, including Sanders Capital LLC, Oregon Public Employees Retirement Fund, Dimensional Fund Advisors LP, Northern Trust Corp, Prudential Financial Inc., Geode Capital Management LLC, LMR Partners LLP and MUFG Securities EMEA plc. 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 $27.81.

How big of a company is Fifth Third Bancorp?

Fifth Third Bancorp has a market capitalization of $18.23 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 18,125 workers across the globe.

What is Fifth Third Bancorp's official website?

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

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:  575 (Vote Outperform)
Underperform Votes:  801 (Vote Underperform)
Total Votes:  1,376
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 2/22/2019 by MarketBeat.com Staff

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