Fifth Third Bancorp Stock Forecast, Price & News

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.
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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.

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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.

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.

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.

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.

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.

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.

Some companies that are related to Fifth Third Bancorp include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), KeyCorp (KEY), M&T Bank (MTB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), First Horizon National (FHN), Zions Bancorporation, National Association (ZION), East West Bancorp (EWBC), Signature Bank (SBNY), Prosperity Bancshares (PB) and TCF Financial (TCF).
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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), The 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 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.

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.

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.

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 $27.26.

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.

The official website for Fifth Third Bancorp is www.53.com.

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]