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

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

Fifth Third Bancorp announced a quarterly dividend on Tuesday, December 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.24 per share on Wednesday, January 15th. This represents a $0.96 annualized dividend and a dividend yield of 3.24%. 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 authorized a share buyback program 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

Fifth Third Bancorp (NASDAQ:FITB) released its quarterly earnings data on Wednesday, January, 22nd. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.73 by $0.05. The financial services provider had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the company posted $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 analysts have issued 12 month price targets for Fifth Third Bancorp's stock. Their forecasts range from $27.00 to $38.00. On average, they anticipate Fifth Third Bancorp's stock price to reach $31.68 in the next twelve months. This suggests a possible upside of 7.0% 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.

Media coverage about FITB stock has trended somewhat positive on Monday, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Fifth Third Bancorp earned a media sentiment score of 1.8 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Fifth Third Bancorp.

Fifth Third Bancorp saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 9,440,000 shares, an increase of 12.5% from the January 15th total of 8,390,000 shares. Based on an average daily volume of 4,660,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.3% of the company's shares are sold short. View Fifth Third Bancorp's Current Options Chain.

Some companies that are related to Fifth Third Bancorp include SunTrust Banks (STI), Commerce Bancshares (CBSH), TCF Financial (TCF), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), Popular (BPOP), CIT Group (CIT), Bank of Hawaii (BOH), Valley National Bancorp (VLY), Community Bank System (CBU), BankUnited (BKU), Bancorpsouth Bank (BXS), Cathay General Bancorp (CATY), Ameris Bancorp (ABCB) and Columbia Banking System (COLB).

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), General Electric (GE), Automatic Data Processing (ADP), Xerox (XRX) and Select Income REIT (SIR).

Fifth Third Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (4.84%), Sanders Capital LLC (2.72%), Bank of America Corp DE (2.40%), Boston Partners (1.59%), Goldman Sachs Group Inc. (1.22%) and LSV Asset Management (1.12%). Company insiders that own Fifth Third Bancorp stock include Aravind Immaneni, Emerson L Brumback, Evan Bayh, Frank R Forrest, 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 Goldman Sachs Group Inc., AJO LP, Acadian Asset Management LLC, Russell Investments Group Ltd., Skandinaviska Enskilda Banken AB publ , Rockefeller Capital Management L.P., Teacher Retirement System of Texas and Sumitomo Mitsui Trust Holdings Inc.. 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 Bank of America Corp DE, AQR Capital Management LLC, State of Tennessee Treasury Department, Point72 Asset Management L.P., Pzena Investment Management LLC, MUFG Securities EMEA plc, UBS Group AG and Sanders Capital 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 $29.60.