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

$25.47
-0.45 (-1.74 %)
(As of 08/20/2019 02:20 PM ET)
Today's Range
$25.41
Now: $25.47
$25.82
50-Day Range
$25.24
MA: $27.84
$30.08
52-Week Range
$22.12
Now: $25.47
$30.31
Volume189,467 shs
Average Volume5.79 million shs
Market Capitalization$18.61 billion
P/E Ratio10.01
Dividend Yield3.74%
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. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FITB
CUSIP31677310
Phone800-972-3030

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.97 billion
Cash Flow$3.3251 per share
Book Value$22.76 per share

Profitability

Net Income$2.19 billion

Miscellaneous

Employees17,437
Market Cap$18.61 billion
Next Earnings Date10/22/2019 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Tuesday, June 18th. Investors of record on Friday, June 28th will be paid a dividend of $0.24 per share on Monday, July 15th. This represents a $0.96 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, June 27th. This is a positive change from Fifth Third Bancorp's previous quarterly dividend of $0.22. 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 authorized a share repurchase plan on Tuesday, June 18th 2019, which authorizes the company to repurchase 100,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) issued its earnings results on Tuesday, July, 23rd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. The financial services provider earned $1.91 billion during the quarter, compared to analyst estimates of $1.90 billion. Fifth Third Bancorp had a return on equity of 11.51% and a net margin of 24.39%. During the same quarter in the previous year, the firm earned $0.63 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, October 22nd 2019. View Earnings Estimates for Fifth Third Bancorp.

How can I listen to Fifth Third Bancorp's earnings call?

Fifth Third Bancorp will be holding an earnings conference call on Tuesday, October 22nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for FITB?

17 brokerages have issued 12-month price objectives for Fifth Third Bancorp's stock. Their predictions range from $29.00 to $36.00. On average, they expect Fifth Third Bancorp's share price to reach $31.3571 in the next twelve months. This suggests a possible upside of 23.1% 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 10 hold ratings and 7 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. According to Zacks Investment Research, "Shares of Fifth Third have outperformed the industry, over the past six months. Also, the company has an impressive earnings surprise history, having beaten the Zacks Consensus Estimate in all the trailing four quarters. The first-quarter 2019 results reflected elevated revenues, a strong capital position along with higher expenses and provisions. Fifth Third’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. Nevertheless, the company's involvement in steady capital-deployment activities remains impressive." (4/26/2019)
  • 2. 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)

Has Fifth Third Bancorp been receiving favorable news coverage?

Media coverage about FITB stock has been trending positive on Tuesday, according to InfoTrie. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Fifth Third Bancorp earned a news sentiment score of 2.5 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the near term. View News Stories for Fifth Third Bancorp.

Are investors shorting Fifth Third Bancorp?

Fifth Third Bancorp saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 11,058,200 shares, an increase of 49.5% from the June 30th total of 7,398,100 shares. Based on an average daily trading volume, of 6,060,000 shares, the short-interest ratio is presently 1.8 days. Approximately 1.7% of the shares of the stock are short sold. View Fifth Third Bancorp's Current Options Chain.

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

What other stocks do shareholders of Fifth Third Bancorp own?

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)
  • Ms. Teresa J. Tanner, Exec. VP & Chief Admin. Officer (Age 50)
  • Mr. Frank R. Forrest, Exec. VP & Chief Risk Officer (Age 64)

Who are Fifth Third Bancorp's major shareholders?

Fifth Third Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (10.27%), Vanguard Group Inc. (8.53%), BlackRock Inc. (6.62%), Invesco Ltd. (2.72%), Sanders Capital LLC (2.59%) and JPMorgan Chase & Co. (2.37%). 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, Robert P Shaffer, 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 Balyasny Asset Management LLC, BlackRock Inc., Schroder Investment Management Group, Schroder Investment Management Group, Vanguard Group Inc., Panagora Asset Management Inc., UBS Group AG and AQR Capital Management LLC. Company insiders that have sold Fifth Third Bancorp company stock in the last year include Frank R Forrest, Jewell D Hoover, Lars C Anderson, Robert P Shaffer and Teresa J Tanner. View Insider Buying and Selling for Fifth Third Bancorp.

Which institutional investors are buying Fifth Third Bancorp stock?

FITB stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Wells Fargo & Company MN, Hexavest Inc., Unigestion Holding SA, JPMorgan Chase & Co., Sanders Capital LLC, Carlson Capital L P and Charles Schwab Investment Management Inc.. 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 $25.47.

How big of a company is Fifth Third Bancorp?

Fifth Third Bancorp has a market capitalization of $18.61 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.

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:  606 (Vote Outperform)
Underperform Votes:  837 (Vote Underperform)
Total Votes:  1,443
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 8/20/2019 by MarketBeat.com Staff

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