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Fifth Third Bancorp (FITB)
NASDAQ:FITB
Fifth Third Bancorp (FITB) Stock Price & Analysis
1,047 Followers
FITB Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$21.44 - $37.41
Previous Close$36.25
Volume5.51M
Average Volume (3M)5.34M
Market Cap
$24.78B
Enterprise Value$44.02B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$19.24B
Price to Earnings (P/E)11.6
Beta1.17
Next Earnings
Jul 19, 2024EPS Estimate
$0.81Last Dividend Ex-Date
Mar 27, 2024Dividend Yield3.81%
Share Statistics
EPS (TTM)3.13
Shares Outstanding681,221,886
10 Day Avg. Volume5,749,172
30 Day Avg. Volume5,339,629
Standard Deviation0.11
R-Squared0.39
Alpha0.00113
Financial Highlights & Ratios
Price to Book (P/B)2.06
Price to Sales (P/S)11.44
Price to Cash Flow (P/CF)3.00
P/FCF Ratio2.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.06
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$39.93Price Target Upside9.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
Fifth Third Bancorp News
PremiumCompany Announcements
Fifth Third Bancorp Shareholders Affirm Board and Financial Plans
PremiumCompany Announcements
Fifth Third Bancorp Presents Earnings Call Insights
Bulls Say, Bears Say
Bulls Say
Earnings And GuidanceFifth Third reported a strong quarter and guidance was better than feared.
Financial PerformanceAnalyst maintains an OUTPERFORM rating based on stable deposit base and consistent organic growth.
Risk ManagementFifth Third has a lower concentration of CRE loans, which has helped sentiment and potentially reduced risk exposure.
Bears Say
Credit QualityCredit quality is showing signs of deterioration as indicated by a rise in nonperforming assets.
Loan PerformanceLoan growth was negative, reflecting a downturn in commercial and industrial lending activities.
Stock ValuationThe current premium valuation of shares might restrict further price appreciation, potentially leading to a downgrade in analyst ratings.
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Ownership Overview
6.36% Insiders
35.47% Mutual Funds
28.16% Other Institutional Investors
30.01% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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FITB FAQ
What was Fifth Third Bancorp’s price range in the past 12 months?
Fifth Third Bancorp lowest stock price was $21.44 and its highest was $37.41 in the past 12 months.
What is Fifth Third Bancorp’s market cap?
Currently, no data Available
When is Fifth Third Bancorp’s upcoming earnings report date?
Fifth Third Bancorp’s upcoming earnings report date is Jul 19, 2024 which is in 87 days.
How were Fifth Third Bancorp’s earnings last quarter?
Fifth Third Bancorp released its earnings results on Apr 19, 2024. The company reported $0.7 earnings per share for the quarter, beating the consensus estimate of $0.681 by $0.019.
Is Fifth Third Bancorp overvalued?
According to Wall Street analysts Fifth Third Bancorp’s price is currently Undervalued.
Does Fifth Third Bancorp pay dividends?
Fifth Third Bancorp pays a Quarterly dividend of $0.35 which represents an annual dividend yield of 3.81%. See more information on Fifth Third Bancorp dividends here
What is Fifth Third Bancorp’s EPS estimate?
Fifth Third Bancorp’s EPS estimate is $0.81.
How many shares outstanding does Fifth Third Bancorp have?
Fifth Third Bancorp has 683,550,200 shares outstanding.
What happened to Fifth Third Bancorp’s price movement after its last earnings report?
Fifth Third Bancorp reported an EPS of $0.7 in its last earnings report, beating expectations of $0.681. Following the earnings report the stock price went up 5.932%.
Which hedge fund is a major shareholder of Fifth Third Bancorp?
Among the largest hedge funds holding Fifth Third Bancorp’s share is Davis Selected Advisers. It holds Fifth Third Bancorp’s shares valued at 86M.
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Fifth Third Bancorp Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$39.93 (9.25% Upside)
$39.93 (9.25% Upside)
Blogger Sentiment
Neutral
FITB Sentiment 57%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 471.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.9%
Last 30 Days ▼ 11.1%
Last 30 Days ▼ 11.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
35.54%
12-Months-Change
Fundamentals
Return on Equity
12.36%
Trailing 12-Months
Asset Growth
2.80%
Trailing 12-Months
Company Description
Fifth Third Bancorp
Fifth Third Bancorp engages in the provision of banking & financial services, retail & commercial banking, consumer lending services and investment advisory services through its subsidiary Fifth Third Bank. It operates through the following segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. The Commercial Banking segment offers credit intermediation, cash management and financial services to large and middle-market businesses. The Branch Banking segment provides deposit, loan and lease products to individuals and small businesses. The Consumer Lending segment includes residential mortgage, home equity, automobile and indirect lending activities. The Wealth & Asset Management segment provides investment alternatives for individuals, companies and not-for-profit organizations. The company was founded in 1975 and is headquartered in Cincinnati, OH.
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FITB Company Deck
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FITB Earnings Call
Q1 2024
0:00 / 0:00
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FITB Revenue Breakdown
66.72% Net interest income
32.99% Noninterest income
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FITB Stock 12 Months Forecast
Average Price Target
$39.93
▲(9.25% Upside)
Technical Analysis
Best Analysts Covering FITB
1 Year
1 Year Success Rate
12/19 ratings generated profit
1 Year Average Return
+18.00%
assigned a buy rating 2 days ago
Copying Jason Goldberg's trades and holding each position for 1 Year would result in 63.16% of your transactions generating a profit, with an average return of +18.00% per trade.
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