NASDAQ:FITB

Fifth Third Bancorp Stock Forecast, Price & News

$33.60

-0.61 (-1.78%)

(As of 06/30/2022 04:00 PM ET)

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Today's Range: $32.55
▼
$34.01
50-Day Range: $33.25
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$39.63
52-Week Range: $33.00
▼
$50.64

Volume: 5.31 million shs
Average Volume: 6.10 million shs
Market Capitalization: $22.97 billion

P/E Ratio: 9.63
Dividend Yield: 3.44%
Price Target: $48.36

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FITB Stock Forecast (MarketRank)

Overall MarketRank^™

3.49 out of 5 stars

Finance Sector

43rd out of 1,394 stocks

State Commercial Banks Industry

10th out of 243 stocks

4.3 Analyst's Opinion

Consensus Rating
Fifth Third Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 9 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $48.36, Fifth Third Bancorp has a forecasted upside of 43.9% from its current price of $33.61.
Amount of Analyst Coverage
Fifth Third Bancorp has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0 Community Rank

Outperform Votes
Fifth Third Bancorp has received 722 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Fifth Third Bancorp has received 486 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Fifth Third Bancorp has received 59.77% “outperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Yield
Fifth Third Bancorp pays a meaningful dividend of 3.44%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Fifth Third Bancorp has been increasing its dividend for 11 years.
Dividend Coverage
The dividend payout ratio of Fifth Third Bancorp is 34.38%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Fifth Third Bancorp will have a dividend payout ratio of 29.06% next year. This indicates that Fifth Third Bancorp will be able to sustain or increase its dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Fifth Third Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,094,825.00 in company stock.
Percentage Held by Insiders
Only 0.67% of the stock of Fifth Third Bancorp is held by insiders.
Percentage Held by Institutions
81.00% of the stock of Fifth Third Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Fifth Third Bancorp are expected to grow by 13.46% in the coming year, from $3.64 to $4.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Fifth Third Bancorp is 9.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 33.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Fifth Third Bancorp is 9.63, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.29.
Price to Earnings Growth Ratio
Fifth Third Bancorp has a PEG Ratio of 1.17. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Fifth Third Bancorp has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Fifth Third Bancorp (NASDAQ:FITB)

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 wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. As of December 31, 2021, the company operated 1,117 full-service banking centers and 2,322 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.

June 29, 2022 | finance.yahoo.com

Fifth Third Bank, Employees, Customers Provide More Than 8.4 Million Meals for Those in Need

June 28, 2022 | finance.yahoo.com

Fifth Third shareholders could be due to receive more cash

June 27, 2022 | americanbankingnews.com

Fifth Third Bancorp (FITB) to Issue Quarterly Dividend of $0.30 on July 15th

June 23, 2022 | bizjournals.com

Q&A with Fifth Third's incoming CEO

June 23, 2022 | finance.yahoo.com

Exclusive: Q&A with Fifth Third's incoming CEO Tim Spence on the bank's Southeast strategy

June 19, 2022 | americanbankingnews.com

Fifth Third Bancorp (NASDAQ:FITB) Upgraded by Robert W. Baird to "Outperform"

June 18, 2022 | marketwatch.com

How To Trade Fifth Third Bancorp FITB

June 17, 2022 | finance.yahoo.com

Fifth Third Bank Commemorates Juneteenth 2022

June 15, 2022 | finance.yahoo.com

Fifth Third To Present at Bank Director Conference

June 15, 2022 | finance.yahoo.com

New Fifth Third Mortgage Program offers $1,000 toward closing costs for VA, FHA, 203K, USDA mortgages

June 14, 2022 | finance.yahoo.com

Incoming Fifth Third CEO talks inflation, opportunity in Louisville

June 13, 2022 | finance.yahoo.com

Here’s why Fifth Third should benefit from inflation, analyst says

June 10, 2022 | finance.yahoo.com

Speakers Series Added to Cincinnati Music Festival Weekend

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:FITB
CUSIP: 31677310
CIK: 35527
Web: trustandwill.com
Phone: (800) 972-3030
Fax: 513-534-6757
Employees: 19,112
Year Founded: 1858

Company Calendar

Ex-Dividend for 4/18 Dividend: 3/30/2022
Dividend Payable: 4/18/2022
Last Earnings: 4/19/2022
Ex-Dividend for 7/15 Dividend: 6/29/2022
Today: 6/30/2022
Dividend Payable: 7/15/2022
Next Earnings (Confirmed): 7/21/2022
Fiscal Year End: 12/31/2022

Price Target and Rating

Average Stock Price Forecast: $48.36
High Stock Price Forecast: $56.00
Low Stock Price Forecast: $37.00
Forecasted Upside/Downside: +43.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.6
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.49
Trailing P/E Ratio: 9.63
Forward P/E Ratio: 9.23
P/E Growth: 1.17
Net Income: $2.77 billion
Net Margins: 31.14%
Pretax Margin: 39.35%
Return on Equity: 12.99%
Return on Assets: 1.23%

Debt

Debt-to-Equity Ratio: 0.60
Current Ratio: 0.81
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: $8.33 billion
Price / Sales: 2.76
Cash Flow: $4.35 per share
Price / Cash Flow: 7.72
Book Value: $29.39 per share
Price / Book: 1.14

Miscellaneous

Outstanding Shares: 683,679,000
Free Float: 679,098,000
Market Cap: $22.97 billion
Optionable: Optionable
Beta: 1.30

Social Links

Fifth Third Bancorp Frequently Asked Questions

Should I buy or sell Fifth Third Bancorp stock right now?: 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last twelve months. There are currently 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Fifth Third Bancorp stock.
View analyst ratings for Fifth Third Bancorp or view top-rated stocks.
What is Fifth Third Bancorp's stock price forecast for 2022?: 15 brokers have issued 1 year target prices for Fifth Third Bancorp's shares. Their FITB stock forecasts range from $37.00 to $56.00. On average, they predict Fifth Third Bancorp's stock price to reach $48.36 in the next year. This suggests a possible upside of 43.9% from the stock's current price.
View analysts' price targets for Fifth Third Bancorp or view top-rated stocks among Wall Street analysts.
How has Fifth Third Bancorp's stock performed in 2022?: Fifth Third Bancorp's stock was trading at $43.55 at the start of the year. Since then, FITB stock has decreased by 22.8% and is now trading at $33.60.
View the best growth stocks for 2022 here.
When is Fifth Third Bancorp's next earnings date?: Fifth Third Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, July 21st 2022.
View our earnings forecast 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 Thursday, July 21st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Fifth Third Bancorp's earnings last quarter?: Fifth Third Bancorp (NASDAQ:FITB) announced its quarterly earnings data on Tuesday, April, 19th. The financial services provider reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by $0.01. The financial services provider had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.94 billion. Fifth Third Bancorp had a trailing twelve-month return on equity of 12.99% and a net margin of 31.14%. During the same quarter in the prior year, the company earned $0.93 EPS.
View Fifth Third Bancorp's earnings history.
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, June 14th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.30 per share on Friday, July 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Wednesday, June 29th.
View Fifth Third Bancorp's dividend history.
Is Fifth Third Bancorp a good dividend stock?: Fifth Third Bancorp(NASDAQ:FITB) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.44%. Fifth Third Bancorp has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Fifth Third Bancorp is 34.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Fifth Third Bancorp will have a dividend payout ratio of 29.06% next year. This indicates that Fifth Third Bancorp will be able to sustain or increase its dividend.
View Fifth Third Bancorp's dividend history.
Who are Fifth Third Bancorp's key executives?: Fifth Third Bancorp's management team includes the following people:
Mr. Gregory D. Carmichael, Chairman & CEO (Age 60, Pay $4.78M) (LinkedIn Profile)
Mr. Timothy N. Spence, Pres (Age 43, Pay $1.97M) (LinkedIn Profile)
Mr. James C. Leonard CPA, Exec. VP & CFO (Age 52, Pay $1.52M)
Mr. Kevin Patrick Lavender, Exec. VP & Head of Commercial Banking (Age 60, Pay $1.37M)
Mr. Mark D. Hazel, Exec. VP, Controller & Principal Accounting Officer (Age 56)
Mr. Rob Schipper, Head of Investment Banking & MD
Mr. Jude A. Schramm, Exec. VP & Chief Information Officer (Age 48) (LinkedIn Profile)
Mr. Christopher Doll, Director of Investor Relations
Ms. Susan B. Zaunbrecher J.D., Exec. VP & Chief legal Officer (Age 61)
Ms. Melissa S. Stevens, Exec. VP, Chief Digital Officer and Head of Digital, Marketing, Design & Innovation (Age 47)

What is Greg D. Carmichael's approval rating as Fifth Third Bancorp's CEO?: 466 employees have rated Fifth Third Bancorp CEO Greg D. Carmichael on Glassdoor.com. Greg D. Carmichael has an approval rating of 82% among Fifth Third Bancorp's employees.
Who are some of Fifth Third Bancorp's key competitors?: Some companies that are related to Fifth Third Bancorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), M&T Bank (MTB), First Republic Bank (FRC), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), KeyCorp (KEY), First Horizon (FHN), Signature Bank (SBNY), First Citizens BancShares (FCNCA), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
View all of FITB's 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 Anworth Mortgage Asset (ANH), Air Transport Services Group (ATSG), Walgreens Boots Alliance (WBA), Wolverine World Wide (WWW), Carnival Co. & (CCL), General Electric (GE), Wendy's (WEN), Automatic Data Processing (ADP), Bank of America (BAC) and Cisco Systems (CSCO).
What is Fifth Third Bancorp's stock symbol?: Fifth Third Bancorp trades on the NASDAQ under the ticker symbol "FITB."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Fifth Third Bancorp's stock price today?: One share of FITB stock can currently be purchased for approximately $33.60.
How much money does Fifth Third Bancorp make?: Fifth Third Bancorp (NASDAQ:FITB) has a market capitalization of $22.97 billion and generates $8.33 billion in revenue each year. The financial services provider earns $2.77 billion in net income (profit) each year or $3.49 on an earnings per share basis.
How many employees does Fifth Third Bancorp have?: Fifth Third Bancorp employs 19,112 workers across the globe.
Does Fifth Third Bancorp have any subsidiaries?: The following companies are subsidiares of Fifth Third Bancorp: 1208 N Ocean Boulevard LLC, 5/3 BS IV Investment Fund LLC, 5/3 CityLink Investment Fund LLC, 5/3 Keyer Row Investment Fund LLC, 5/3 Warsaw Creative Investment Fund LLC, 5/3 Willkommen Investment Fund 2 LLC, 5/3 Willkommen Investment Fund LLC, 53 AMRC Solar Trust, 53 ANEE Solar Trust, 53 APA Solar Trust, 53 BR Solar Trust, 53 GEC Solar Trust, 53 GSE Solar Trust, 53 KE Solar Trust, 53 NR Solar Trust, 53 RCE Solar Trust, 53 SP Solar Trust, 53 SS Solar Trust, 53 TGE Solar Trust, Acquisition Properties II LLC, Acquisition Properties VII LLC, Ashland Bankshares, Ashland Management Agency LLC, BB Development I LLC, BB Development VII LLC, BBIF Investor Fund LLC, BCB Development III LLC, BCB Development XXXI LLC, Boss Cox Investment Fund LLC, Canal Place Investment Fund LLC, Carver Loan Pool Investment Fund LLC, Emerald Financial Corp, Epic Insurance Solutions, Epic Insurance Solutions Agency LLC, FTB SR Solar Trust, Fifth Third Acquisition Holdings LLC, Fifth Third Auto Leasing Trust, Fifth Third Auto Trust 2019-1, Fifth Third Auto Trust 2020-1, Fifth Third Bank National Association, Fifth Third Business Capital Canada Inc., Fifth Third Capital Holdings LLC, Fifth Third Commercial Funding Inc., Fifth Third Community Development Company LLC, Fifth Third Community Development Corporation, Fifth Third Financial Corporation, Fifth Third Global Services Inc., Fifth Third Holdings Funding LLC, Fifth Third Holdings LLC, Fifth Third Insurance Agency Inc., Fifth Third International Company, Fifth Third Investment Company, Fifth Third Mauritius Holdings Limited, Fifth Third Mortgage – Michigan LLC, Fifth Third New Markets Development Co. LLC, Fifth Third New Markets Development Company II LLC, Fifth Third Securities Inc., Fifth Third Wealth Advisor LLC, First Charter Capital Trust I, First Charter Capital Trust II, Five Rivers Investment Fund LLC, Franklin Street Advisors Inc., Franklin Street Partners, Franklin Street Trust Company, Fuschia Properties LLC, GNB Management LLC, GNB Realty LLC, Gads Hill Investment Fund LLC, H2C Securities Inc., HCB Development I LLC, Hammond Hanlon Camp LLC, HostDime Investment Fund LLC, Life Connection Investment Fund LLC, MB Financial, MB Financial Center LLC, MB Financial Center Land Owner LLC, MB Financial International Inc., MB1200 Corporation, MB1776 LLC, MB1803 LLC, MB1807 LLC, MB1810 LLC, MB1815 LLC, MB1829 LLC, MB1841 LLC, MB1846 LLC, MB1853 LLC, MB1861 LLC, MB1864 LLC, MB1868 LLC, MB1871 LLC, MB1875 LLC, MB1877 LLC, MB1883 LLC, MB1884 LLC, MB1897 LLC, MB777 LLC, MB797 LLC, MB848 LLC, MB851 LLC, MB854 LLC, MB876 LLC, MB878 LLC, MB899 LLC, MBAA SFR LLC, Mainstreet Investment Advisors LLC, Memorial Hall Investment Fund LLC, NCB Development III LLC, NCB Development XXV LLC, NCB Development XXVIII LLC, NCB Development XXXII LLC, Old Kent Mortgage Services Inc., PCR MB LLC, PSII Investor LLC, Privet Properties LLC, Provide, Provide Inc., R.G. McGraw Insurance Agency, R.G. McGraw Insurance Agency Inc., Ragweed Properties LLC, Retirement Corporation of America, Scherston Real Estate Investments LLC, Score Small Business Loan Pool 2 LLC, Score Small Business Loan Pool 3 LLC, Score Small Business Loan Pool 4 LLC, Score Small Business Loan Pool LLC, South Florida Bank Holding Corporation, Spring Green Properties LLC, State Savings Company, Summit MFR Leasing II LLC, Summit MFR Leasing LLC, Sweetwater Merger Sub Inc., The Retirement Corporation of America, Vista Settlement Services LLC, Walnut & Vine Holdings LLC, and Walnut & Vine Properties II LLC.
Read More
When was Fifth Third Bancorp founded?: Fifth Third Bancorp was founded in 1858.
How can I contact Fifth Third Bancorp?: Fifth Third Bancorp's mailing address is 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH, 45263. The official website for Fifth Third Bancorp is trustandwill.com. The financial services provider can be reached via phone at (800) 972-3030, via email at [email protected], or via fax at 513-534-6757.

This page (NASDAQ:FITB) was last updated on 6/30/2022 by MarketBeat.com Staff

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Fifth Third Bancorp Stock Forecast, Price & News

Receive FITB Stock News and Ratings via Email

FITB Stock Forecast (MarketRank)

Overall MarketRank™

4.3 Analyst's Opinion

4.0 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

4.2 Dividend Strength

2.5 Company Ownership

2.5 Earnings and Valuation

About Fifth Third Bancorp (NASDAQ:FITB)

FITB Stock News Headlines

Industry, Sector and Symbol

Company Calendar

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Fifth Third Bancorp Frequently Asked Questions

Should I buy or sell Fifth Third Bancorp stock right now?

What is Fifth Third Bancorp's stock price forecast for 2022?

How has Fifth Third Bancorp's stock performed in 2022?

When is Fifth Third Bancorp's next earnings date?

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

How were Fifth Third Bancorp's earnings last quarter?

How often does Fifth Third Bancorp pay dividends? What is the dividend yield for Fifth Third Bancorp?

Is Fifth Third Bancorp a good dividend stock?

Who are Fifth Third Bancorp's key executives?

What is Greg D. Carmichael's approval rating as Fifth Third Bancorp's CEO?

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

What other stocks do shareholders of Fifth Third Bancorp own?

What is Fifth Third Bancorp's stock symbol?

How do I buy shares of Fifth Third Bancorp?

What is Fifth Third Bancorp's stock price today?

How much money does Fifth Third Bancorp make?

How many employees does Fifth Third Bancorp have?

Does Fifth Third Bancorp have any subsidiaries?

When was Fifth Third Bancorp founded?

How can I contact Fifth Third Bancorp?

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