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

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$27.81 +0.25 (+0.91 %)
(As of 01/23/2019 10:31 AM ET)
Previous Close$27.56
Today's Range$27.58 - $27.89
52-Week Range$22.12 - $34.67
Volume124,079 shs
Average Volume4.69 million shs
Market Capitalization$18.23 billion
P/E Ratio10.37
Dividend Yield3.26%
Beta1.24
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; holistic strategies to affluent clients in wealth planning, investing, insurance, and wealth protection; and advisory services for institutional clients comprising states and municipalities. As of December 31, 2017, the company operated 1,154 full-service banking centers and 2,469 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.

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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$7.71 billion
Cash Flow$3.6023 per share
Book Value$21.70 per share

Profitability

Net Income$2.19 billion

Miscellaneous

Employees18,125
Market Cap$18.23 billion
OptionableOptionable

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, December 18th. Investors of record on Monday, December 31st will be given a dividend of $0.22 per share on Tuesday, January 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Friday, December 28th. This is a positive change from Fifth Third Bancorp's previous quarterly dividend of $0.18. View Fifth Third Bancorp's Dividend History.

How will Fifth Third Bancorp's stock buyback program work?

Fifth Third Bancorp announced that its Board of Directors has approved a stock buyback program on Wednesday, February 28th 2018, which permits the company to repurchase 100,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often 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) posted its earnings results on Tuesday, January, 22nd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.67 by $0.02. The financial services provider earned $1.66 billion during the quarter, compared to analysts' expectations of $1.66 billion. Fifth Third Bancorp had a return on equity of 11.74% and a net margin of 28.89%. During the same period in the prior year, the firm posted $0.48 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, April 23rd 2019. View Earnings Estimates for Fifth Third Bancorp.

What price target have analysts set for FITB?

18 equities research analysts have issued twelve-month target prices for Fifth Third Bancorp's shares. Their forecasts range from $26.00 to $36.00. On average, they expect Fifth Third Bancorp's share price to reach $32.00 in the next twelve months. This suggests a possible upside of 15.1% from the stock's current price. View Analyst Price Targets for Fifth Third Bancorp.

What is the consensus analysts' recommendation for Fifth Third Bancorp?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 12 hold ratings and 6 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. 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)
  • 2. According to Zacks Investment Research, "Shares of Fifth Third have underperformed the industry over the past six months. While estimates ahead of fourth-quarter 2018 earnings have remained stable lately, the company displays an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. The company’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. Also, significant exposure to commercial loans remains a concern." (1/11/2019)

Has Fifth Third Bancorp been receiving favorable news coverage?

News headlines about FITB stock have trended somewhat positive this week, according to InfoTrie. InfoTrie ranks 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 -5 to 5, with scores closest to five being the most favorable. Fifth Third Bancorp earned a media sentiment score of 1.4 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the next few days.

Are investors shorting Fifth Third Bancorp?

Fifth Third Bancorp saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 18,377,216 shares, an increase of 11.5% from the December 14th total of 16,485,051 shares. Based on an average trading volume of 7,478,818 shares, the short-interest ratio is currently 2.5 days. Approximately 2.8% of the company's shares are short sold. View Fifth Third Bancorp's Current Options Chain.

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

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)
  • Mr. Frank R. Forrest, Exec. VP & Chief Risk Officer (Age 64)
  • Mr. Timothy N. Spence, Exec. VP and Head of Consumer Bank, Payments & Strategies (Age 40)

Who are Fifth Third Bancorp's major shareholders?

Fifth Third Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Reinhart Partners Inc. (0.09%), Denali Advisors LLC (0.07%), Meeder Asset Management Inc. (0.03%), Gulf International Bank UK Ltd (0.02%), State of Alaska Department of Revenue (0.02%) and Gateway Investment Advisers LLC (0.02%). 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, 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 Denali Advisors LLC, Meeder Asset Management Inc., James Investment Research Inc., Gulf International Bank UK Ltd, State of Alaska Department of Revenue, Bowling Portfolio Management LLC, Acropolis Investment Management LLC and New England Research & Management Inc.. Company insiders that have sold Fifth Third Bancorp company stock in the last year include Aravind Immaneni, Emerson L Brumback, Frank R Forrest, Greg D Carmichael, James C Leonard, Jelena Mcwilliams, Jewell D Hoover, Lars C Anderson and Mark D Hazel. View Insider Buying and Selling for Fifth Third Bancorp.

Which institutional investors are buying Fifth Third Bancorp stock?

FITB stock was purchased by a variety of institutional investors in the last quarter, including First Citizens Bank & Trust Co., Oakbrook Investments LLC, Gateway Investment Advisers LLC and Park National Corp OH. 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 $27.80.

How big of a company is Fifth Third Bancorp?

Fifth Third Bancorp has a market capitalization of $18.23 billion and generates $7.71 billion in revenue each year. The financial services provider earns $2.19 billion in net income (profit) each year or $2.68 on an earnings per share basis. Fifth Third Bancorp employs 18,125 workers across the globe.

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:  573 (Vote Outperform)
Underperform Votes:  794 (Vote Underperform)
Total Votes:  1,367
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 1/23/2019 by MarketBeat.com Staff

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