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NASDAQ:FITB

Fifth Third Bancorp Stock Forecast, Price & News

$27.26
+1.25 (+4.81 %)
(As of 11/24/2020 12:00 AM ET)
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Today's Range
$26.51
Now: $27.26
$27.47
50-Day Range
$22.44
MA: $24.10
$26.56
52-Week Range
$11.10
Now: $27.26
$31.64
Volume6.03 million shs
Average Volume7.08 million shs
Market Capitalization$19.42 billion
P/E Ratio13.56
Dividend Yield4.15%
Beta1.68
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; wealth planning, investment management, insurance, and trust and estate services; and advisory services for institutional clients. As of April 14, 2020, the company operated 1,149 banking centers and 2,481 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bancorp has a strategic relationship with Trust & Will to provide savings on Will and Trust-based estate plans. The company was founded in 1858 and is headquartered in Cincinnati, Ohio.
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Fifth Third Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.62 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FITB
CUSIP31677310
Phone800-972-3030
Employees19,869

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.79 billion
Cash Flow$4.29 per share
Book Value$29.25 per share

Profitability

Net Income$2.51 billion

Miscellaneous

Market Cap$19.42 billion
Next Earnings Date1/27/2021 (Estimated)
OptionableOptionable
$27.26
+1.25 (+4.81 %)
(As of 11/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Fifth Third Bancorp (NASDAQ:FITB) Frequently Asked Questions

How has Fifth Third Bancorp's stock price been impacted by COVID-19 (Coronavirus)?

Fifth Third Bancorp's stock was trading at $17.65 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FITB shares have increased by 54.4% and is now trading at $27.26.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Fifth Third Bancorp?

18 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 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Fifth Third Bancorp
.

What stocks does MarketBeat like better than Fifth Third Bancorp?

Wall Street analysts have given Fifth Third Bancorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Fifth Third Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Fifth Third Bancorp's next earnings date?

Fifth Third Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for Fifth Third Bancorp
.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) released its quarterly earnings data on Thursday, October, 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.19. The financial services provider had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Fifth Third Bancorp had a return on equity of 7.52% and a net margin of 17.50%. During the same quarter in the previous year, the company earned $0.75 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 announced a quarterly dividend on Tuesday, September 22nd. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.27 per share on Thursday, October 15th. This represents a $1.08 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Thursday, October 1st.
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 initiated a share repurchase 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 buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

What price target have analysts set for FITB?

18 brokers have issued 12 month price targets for Fifth Third Bancorp's stock. Their forecasts range from $15.00 to $32.00. On average, they expect Fifth Third Bancorp's stock price to reach $23.85 in the next twelve months. This suggests that the stock has a possible downside of 12.5%.
View analysts' price targets for Fifth Third Bancorp
.

Are investors shorting Fifth Third Bancorp?

Fifth Third Bancorp saw a decline in short interest in October. As of October 30th, there was short interest totaling 11,110,000 shares, a decline of 20.2% from the October 15th total of 13,930,000 shares. Based on an average daily trading volume, of 5,620,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.6% of the shares of the stock are sold short.
View Fifth Third Bancorp's Short Interest
.

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 following people:
  • Mr. Gregory D. Carmichael, Chairman & CEO (Age 58, Pay $3.75M)
  • Mr. Timothy N. Spence, Pres (Age 41, Pay $1.29M)
  • Mr. Tayfun Tuzun, Exec. VP & CFO (Age 55, Pay $1.37M)
  • Mr. Frank R. Forrest, Exec. VP & Special Advisor to the Chief Exec. Officer (Age 65, Pay $1.3M)
  • Mr. Lars C. Anderson, Exec. VP & Vice Chairman of Commercial Banking Strategic Growth Initiatives (Age 59, Pay $1.61M)
  • Mr. Rob Schipper, Head of Investment Banking & MD
  • Mr. Jude A. Schramm, Exec. VP & Chief Information Officer (Age 47)
  • Mr. Christopher Doll, Director of Investor Relations
  • Ms. Susan B. Zaunbrecher J.D., Exec. VP, Chief Legal Officer & Corp. Sec. (Age 60)
  • Mr. Matthew E. Jauchius, Chief Marketing Officer & Exec. VP (Age 50)

What is Fifth Third Bancorp's stock symbol?

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

Who are Fifth Third Bancorp's major shareholders?

Fifth Third Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.98%), State Street Corp (4.85%), Boston Partners (2.85%), JPMorgan Chase & Co. (2.38%), Sanders Capital LLC (2.10%) and Wells Fargo & Company MN (1.39%). Company insiders that own Fifth Third Bancorp stock include Evan Bayh, Frank R Forrest, Jewell D Hoover, Katherine H Blackburn, Kevin P Lavender, Lars C Anderson, Philip Mchugh, 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 Arrowstreet Capital Limited Partnership, Carlson Capital L P, AJO LP, Pzena Investment Management LLC, BlackRock Inc., AQR Capital Management LLC, JPMorgan Chase & Co., and Teacher Retirement System of Texas. Company insiders that have sold Fifth Third Bancorp company stock in the last year include Frank R Forrest, and Kevin P Lavender.
View insider buying and selling activity 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 Prudential PLC, Boston Partners, State Street Corp, Point72 Asset Management L.P., AMF Pensionsforsakring AB, Charles Schwab Investment Management Inc., Donald Smith & CO. Inc., and O Shaughnessy Asset Management LLC. Company insiders that have bought Fifth Third Bancorp stock in the last two years include Evan Bayh, and Katherine H Blackburn.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Fifth Third Bancorp's stock price today?

One share of FITB stock can currently be purchased for approximately $27.26.

How big of a company is Fifth Third Bancorp?

Fifth Third Bancorp has a market capitalization of $19.42 billion and generates $9.79 billion in revenue each year. The financial services provider earns $2.51 billion in net income (profit) each year or $2.77 on an earnings per share basis. Fifth Third Bancorp employs 19,869 workers across the globe.

What is Fifth Third Bancorp's official website?

The official website for Fifth Third Bancorp is 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]

This page was last updated on 11/25/2020 by MarketBeat.com Staff

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