Here's Why Fifth Third Bancorp (FITB) is a Strong Value Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
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
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Fifth Third Bancorp (FITB)
With assets of $207.3 billion as of Jun 30, 2023, Cincinnati-based Fifth Third Bancorp has 1,072 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 sits at a Zacks Rank #3 (Hold), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Banks - Major Regional industry's P/E of 7.5X, shares of Fifth Third Bancorp are trading at a forward P/E of 6.9X. FITB also has a PEG Ratio of 0.8, a Price/Cash Flow ratio of 5.5X, and a Price/Sales ratio of 1.3X.
Many value investors pay close attention to a company's earnings as well. For FITB, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.11 to $3.40 per share for 2023. Per share FITB boasts 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
