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

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

Fifth Third Bancorp announced a quarterly dividend on Tuesday, December 17th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.24 per share on Wednesday, January 15th. This represents a $0.96 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Monday, December 30th. View Fifth Third Bancorp's Dividend History.

Fifth Third Bancorp announced that its Board of Directors has approved a share buyback program on Tuesday, June 18th 2019, which authorizes the company to repurchase 100,000,000 outstanding 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 management believes its stock is undervalued.

Fifth Third Bancorp (NASDAQ:FITB) announced its earnings results on Wednesday, January, 22nd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.73 by $0.05. The financial services provider earned $2.26 billion during the quarter, compared to the consensus estimate of $1.94 billion. Fifth Third Bancorp had a net margin of 25.65% and a return on equity of 10.96%. During the same quarter last year, the company earned $0.69 EPS. View Fifth Third Bancorp's Earnings History.

Fifth Third Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for Fifth Third Bancorp.

19 equities research analysts have issued 1 year price objectives for Fifth Third Bancorp's stock. Their forecasts range from $27.00 to $38.00. On average, they anticipate Fifth Third Bancorp's share price to reach $31.68 in the next year. This suggests a possible upside of 9.8% from the stock's current price. View Analyst Price Targets for Fifth Third Bancorp.

19 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 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Fifth Third Bancorp.

News coverage about FITB stock has been trending negative on Saturday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Fifth Third Bancorp earned a media sentiment score of -2.7 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Fifth Third Bancorp.

Fifth Third Bancorp saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 8,390,000 shares, a decrease of 16.9% from the December 15th total of 10,100,000 shares. Based on an average daily volume of 4,660,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.2% of the shares of the company are sold short. View Fifth Third Bancorp's Current Options Chain.

Some companies that are related to Fifth Third Bancorp include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), KeyCorp (KEY), First Republic Bank (FRC), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Commerce Bancshares (CBSH), East West Bancorp (EWBC), TCF Financial (TCF) and Cullen/Frost Bankers (CFR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Fifth Third Bancorp investors own include Anworth Mortgage Asset Corp Reit (ANH), Air Transport Services Group (ATSG), Wolverine World Wide (www), Walgreens Boots Alliance (WBA), Wendys (WEN), Carnival (CCL), Automatic Data Processing (ADP), General Electric (GE), Xerox (XRX) and Select Income REIT (SIR).

Fifth Third Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.24%), Hexavest Inc. (0.20%), New York State Teachers Retirement System (0.15%), Nisa Investment Advisors LLC (0.06%), State of Alaska Department of Revenue (0.05%) and Manning & Napier Group LLC (0.04%). Company insiders that own Fifth Third Bancorp stock include Aravind Immaneni, Emerson L Brumback, Evan Bayh, Frank R Forrest, Greg D Carmichael, James C Leonard, Jelena Mcwilliams, Jewell D Hoover, Lars C Anderson, Mark D Hazel, 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 Wedge Capital Management L L P NC, DNB Asset Management AS, James Investment Research Inc., Meag Munich Ergo Kapitalanlagegesellschaft MBH, State of Alaska Department of Revenue, Convergence Investment Partners LLC, New York State Teachers Retirement System and OLD National Bancorp IN. Company insiders that have sold Fifth Third Bancorp company stock in the last year include Frank R Forrest, Jewell D Hoover, Lars C Anderson, Philip Mchugh, Robert P Shaffer, Teresa J Tanner and Timothy Spence. View Insider Buying and Selling for Fifth Third Bancorp.

FITB stock was acquired by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, Red Spruce Capital LLC, Hexavest Inc., Stock Yards Bank & Trust Co., Strs Ohio, Assenagon Asset Management S.A., Zurcher Kantonalbank Zurich Cantonalbank and Nisa Investment Advisors LLC. View Insider Buying and Selling 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 $28.84.

Fifth Third Bancorp has a market capitalization of $20.47 billion and generates $9.79 billion in revenue each year. The financial services provider earns $2.19 billion in net income (profit) each year or $2.77 on an earnings per share basis. Fifth Third Bancorp employs 17,437 workers across the globe.View Additional Information About Fifth Third Bancorp.

The official website for Fifth Third Bancorp is http://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]