Fifth Third Bancorp - FITB Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FITB shares.
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12 Wall Street analysts have issued 12-month price objectives for Fifth Third Bancorp's stock. Their FITB share price forecasts range from $36.00 to $47.50. On average, they predict the company's stock price to reach $40.57 in the next year. This suggests a possible upside of 11.8% from the stock's current price.
View analysts price targets for FITB or view top-rated stocks among Wall Street analysts.

Fifth Third Bancorp's stock was trading at $32.81 at the start of the year. Since then, FITB shares have increased by 10.6% and is now trading at $36.29.
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Fifth Third Bancorp saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 9,920,000 shares, an increase of 6.6% from the December 31st total of 9,310,000 shares. Based on an average daily trading volume, of 4,910,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.5% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
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Fifth Third Bancorp (NASDAQ:FITB) announced its quarterly earnings results on Thursday, January, 19th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.02. The financial services provider earned $2.31 billion during the quarter, compared to analysts' expectations of $2.34 billion. Fifth Third Bancorp had a trailing twelve-month return on equity of 15.48% and a net margin of 26.15%. During the same period last year, the company earned $0.90 earnings per share.
Read the conference call transcript.

Fifth Third Bancorp declared a quarterly dividend on Tuesday, December 13th. Shareholders of record on Friday, December 30th will be given a dividend of $0.33 per share on Tuesday, January 17th. This represents a $1.32 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for FITB.

Fifth Third Bancorp (NASDAQ:FITB) pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.69%. The company 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 is 39.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FITB will have a dividend payout ratio of 33.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FITB.

Fifth Third Bancorp updated its first quarter 2023 earnings guidance on Thursday, January, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.24 billion-$2.27 billion, compared to the consensus revenue estimate of $2.29 billion.

820 employees have rated Fifth Third Bancorp Chief Executive Officer Greg D. Carmichael on Glassdoor.com. Greg D. Carmichael has an approval rating of 82% among the company's employees. 67.0% of employees surveyed would recommend working at Fifth Third Bancorp to a friend.

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).

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

Fifth Third Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.89%), Fort Washington Investment Advisors Inc. OH (0.75%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Fifth Third Bancorp (0.19%), New York State Common Retirement Fund (0.11%) and Capital Advisors Inc. OK (0.11%). Insiders that own company stock include Greg D Carmichael, Howard Hammond, James C Leonard, Jewell D Hoover, Jude Schramm, Katherine H Blackburn, Kevin P Lavender, Kristine R Garrett, Margaret B Jula, Mitchell Feiger, Robert P Shaffer, Robert P Shaffer, Thomas H Harvey and Timothy Spence.
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Shares of FITB stock 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.
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One share of FITB stock can currently be purchased for approximately $36.29.

Fifth Third Bancorp (NASDAQ:FITB) has a market capitalization of $24.91 billion and generates $9.35 billion in revenue each year. The financial services provider earns $2.45 billion in net income (profit) each year or $3.36 on an earnings per share basis.

The company employs 19,112 workers across the globe.

Fifth Third Bancorp's mailing address is 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH, 45263. The official website for the company is trustandwill.com. The financial services provider can be reached via phone at (800) 972-3030, via email at ir@53.com, or via fax at 513-534-6757.