Fifth Third Bancorp (FITB) is a Top-Ranked Value Stock: Should You Buy?
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
Fifth Third Bancorp (FITB)
With assets of $212.96 billion as of Sep 30, 2023, Cincinnati-based Fifth Third Bancorp has 1,073 full-service banking centers in 11 states throughout the Midwestern and Southeastern regions of the United States. In 2019, Fifth Third received the Office of the Comptroller of the Currency's approval to convert from an Ohio state-chartered bank to a national bank.
FITB boasts a Value Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Fifth Third Bancorp are trading at a forward earnings multiple of 8X, as well as a PEG Ratio of 1, a Price/Cash Flow ratio of 6.4X, and a Price/Sales ratio of 1.5X.
A company's earnings performance is important for value investors as well. For fiscal 2023, five analysts revised their earnings estimate higher in the last 60 days for FITB, while the Zacks Consensus Estimate has increased $0.10 to $3.40 per share. FITB also holds an average earnings surprise of 5.2%.
FITB should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
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Fifth Third Bancorp (FITB) : Free Stock Analysis Report
