NASDAQ:FITB - Fifth Third Bancorp Stock Price, Price Target & More

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$28.51 -1.73 (-5.72 %)
(As of 07/19/2018 01:37 PM ET)
Previous Close$30.40
Today's Range$28.41 - $30.40
52-Week Range$24.66 - $34.67
Volume601,916 shs
Average Volume5.58 million shs
Market Capitalization$20.24 billion
P/E Ratio10.75
Dividend Yield2.44%
Beta1.29
Fifth Third Bancorp logoFifth 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

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:FITB
CUSIP31677310
Phone800-972-3030

Debt

Debt-to-Equity Ratio1.00
Current Ratio0.89
Quick Ratio0.88

Price-To-Earnings

Trailing P/E Ratio10.75
Forward P/E Ratio11.50
P/E Growth1.51

Sales & Book Value

Annual Sales$7.71 billion
Price / Sales2.53
Cash Flow$3.3780 per share
Price / Cash8.44
Book Value$21.70 per share
Price / Book1.31

Profitability

EPS (Most Recent Fiscal Year)$2.68
Net Income$2.19 billion
Net Margins30.14%
Return on Equity10.45%
Return on Assets1.11%

Miscellaneous

Employees18,125
Outstanding Shares685,500,000
Market Cap$20,235.83

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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, June 19th. Stockholders of record on Friday, June 29th will be given a dividend of $0.18 per share on Monday, July 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, June 28th. This is an increase from Fifth Third Bancorp's previous quarterly dividend of $0.16. 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 authorized a share repurchase plan on Wednesday, February 28th 2018, which allows the company to repurchase 100,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) posted its quarterly earnings data on Thursday, July, 19th. The financial services provider reported $0.80 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.57 by $0.23. Fifth Third Bancorp had a net margin of 30.14% and a return on equity of 10.45%. During the same period in the prior year, the company earned $0.45 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 Thursday, July, 19th 2018. View Earnings Estimates for Fifth Third Bancorp.

What price target have analysts set for FITB?

22 analysts have issued twelve-month target prices for Fifth Third Bancorp's stock. Their predictions range from $26.00 to $37.00. On average, they expect Fifth Third Bancorp's stock price to reach $31.8250 in the next year. This suggests a possible upside of 11.6% from the stock's current price. View Analyst Ratings for Fifth Third Bancorp.

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

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 2 sell ratings, 17 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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. According to Zacks Investment Research, "Shares of Fifth Third have outperformed the industry so far this year. While, earnings estimates for the to-be-reported quarter have not seen any revision lately, the company displays an impressive earnings surprise history, beating the Zacks Consensus Estimate in three of 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. Fifth Third entered into stock-cash acquisition deal with MB Financial for a total value of $4.7 billion, in order to expand presence in Chicago. Also, margin pressure seems to be easing gradually due to the Fed’s interest rate hikes and improving economic backdrop. Though, elevated expenses on the company’s branch digitization initiative and legal issues remain concerns, Fifth Third's improving credit quality remains a tailwind." (7/16/2018)
  • 2. Vining Sparks analysts commented, "We believe that FITB should be able to improve its full year ROTCE in 2018E by approximately 2 full percentage points while also continuing to generate meaningful TBV growth, as it benefits from the continued normalization of short-term interest rates, accelerated deployment of excess capital, and the realization of tax reform. Therefore, FITB should be able to generate a total shareholder return of around 10% in 2018E, as FITB’s increased profitability should expand its P/TBV valuation multiple towards 190% while also benefitting from a another increase in its dividend following the 2018E CCAR." (1/28/2018)

Are investors shorting Fifth Third Bancorp?

Fifth Third Bancorp saw a drop in short interest in the month of June. As of June 29th, there was short interest totalling 15,353,418 shares, a drop of 23.1% from the June 15th total of 19,973,892 shares. Based on an average daily volume of 6,744,075 shares, the short-interest ratio is currently 2.3 days. Currently, 2.2% of the company's stock are sold short. 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 56)
  • Mr. Tayfun Tuzun, Exec. VP & CFO (Age 53)
  • Mr. Lars C. Anderson, Exec. VP & COO (Age 57)
  • Mr. Frank R. Forrest, Exec. VP & Chief Risk Officer (Age 63)
  • Mr. Timothy N. Spence, Exec. VP (Age 39)

Has Fifth Third Bancorp been receiving favorable news coverage?

News headlines about FITB stock have trended positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fifth Third Bancorp earned a daily sentiment score of 0.25 on Accern's scale. They also assigned media stories about the financial services provider an impact score of 45.70 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Who are Fifth Third Bancorp's major shareholders?

Fifth Third Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.27%), Deprince Race & Zollo Inc. (0.08%), Denali Advisors LLC (0.06%), Nisa Investment Advisors LLC (0.06%), Retirement Systems of Alabama (0.05%) and NN Investment Partners Holdings N.V. (0.04%). 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 Bank of Montreal Can, Deprince Race & Zollo Inc., Manning & Napier Group LLC, Acropolis Investment Management LLC, Retirement Systems of Alabama, Winslow Evans & Crocker Inc., RDL Financial Inc. and Gateway Investment Advisers LLC. 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, Mark D Hazel and Timothy Spence. View Insider Buying and Selling for Fifth Third Bancorp.

Which institutional investors are buying Fifth Third Bancorp stock?

FITB stock was acquired by a variety of institutional investors in the last quarter, including Clinton Group Inc., Meag Munich Ergo Kapitalanlagegesellschaft MBH, Denali Advisors LLC, State of Alaska Department of Revenue, KAMES CAPITAL plc, Oakbrook Investments LLC, Smith Graham & Co. Investment Advisors LP and FormulaFolio Investments LLC. 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 $28.51.

How big of a company is Fifth Third Bancorp?

Fifth Third Bancorp has a market capitalization of $20.24 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.

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:  507 (Vote Outperform)
Underperform Votes:  710 (Vote Underperform)
Total Votes:  1,217
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 7/19/2018 by MarketBeat.com Staff

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