Fifth Third Bancorp

Company Profile

Fifth Third Bancorp had its IPO on 1990-03-26 under the ticker symbol FITB.

The company operates in the Financial Services sector and Banks-Regional industry. Fifth Third Bancorp has a staff strength of 19,319 employees.

Stock update

Shares of Fifth Third Bancorp opened at $27.21 at the start of the last trading session i.e. 2023-03-30.

The stocks traded within a range of $26.24 - $27.38, and closed at $26.32.

This is a -2.63% slip from the previous day's closing price.

A total volume of 7,969,579 shares were traded at the close of the day’s session.

In the last one week, shares of Fifth Third Bancorp have increased by +1.62%.

Fifth Third Bancorp's Key Ratios

Fifth Third Bancorp has a market cap of $18.41 billion, indicating a price to book ratio of 1.5442 and a price to sales ratio of 2.8393.

In the last 12-months Fifth Third Bancorp’s revenue was $7.82 billion with a gross profit of $7.82 billion and an EBITDA of $0. The EBITDA ratio measures Fifth Third Bancorp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Fifth Third Bancorp’s operating margin was 39.7% while its return on assets stood at 1.17% with a return of equity of 12.37%.

In Q4, Fifth Third Bancorp’s quarterly earnings growth was a positive 12.4% while revenue growth was a positive 5.1%.

Fifth Third Bancorp’s PE and PEG Ratio

Forward PE

8.1235

Trailing PE

8.0687

PEG

3.6914

Its diluted EPS in the last 12-months stands at $3.35 per share while it has a forward price to earnings multiple of 8.1235 and a PEG multiple of 3.6914. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Fifth Third Bancorp’s profitability.

Fifth Third Bancorp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.8393.

Fifth Third Bancorp stock pays annual dividends of $1.26 per share, indicating a yield of 5.01% and a payout ratio of 38.51%.

Balance sheet and cash flow metrics

Total Assets

$207.45 billion

Total Liabilities

$4.84 billion

Operating Cash Flow

$-3774000000.00

Capital Expenditure

$153 million

Dividend Payout Ratio

38.51%

Fifth Third Bancorp ended 2023 with $207.45 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $207.45 billion while shareholder equity stood at $17.33 billion.

Fifth Third Bancorp ended 2023 with $0 in deferred long-term liabilities, $4.84 billion in other current liabilities, 2051000000.00 in common stock, $21.69 billion in retained earnings and $4.92 billion in goodwill. Its cash balance stood at $3.47 billion and cash and short-term investments were $63.32 billion. The company’s total short-term debt was $4,326,000,000 while long-term debt stood at $13.71 billion.

Fifth Third Bancorp’s total current assets stands at $3.47 billion while long-term investments were $60.59 billion and short-term investments were $58.98 billion. Its net receivables were $6.23 billion compared to accounts payable of $1.82 billion and inventory worth $0.

In 2023, Fifth Third Bancorp's operating cash flow was $-3774000000.00 while its capital expenditure stood at $153 million.

Comparatively, Fifth Third Bancorp paid $0.39 in dividends in 2023.

Other key metrics

Current Trading Price

$26.32

52-Week High

$42.5684

52-Week Low

$22.11

Analyst Target Price

$39.8

Fifth Third Bancorp stock is currently trading at $26.32 per share. It touched a 52-week high of $42.5684 and a 52-week low of $42.5684. Analysts tracking the stock have a 12-month average target price of $39.8.

Its 50-day moving average was $33.21 and 200-day moving average was $33.63 The short ratio stood at 1.06 indicating a short percent outstanding of 0%.

Around 50.5% of the company’s stock are held by insiders while 8295.8% are held by institutions.