DA Davidson Analysts Decrease Earnings Estimates for FITB

Fifth Third Bancorp (NASDAQ:FITB - Free Report) - Stock analysts at DA Davidson decreased their Q2 2025 earnings per share estimates for shares of Fifth Third Bancorp in a note issued to investors on Friday, June 27th. DA Davidson analyst P. Winter now expects that the financial services provider will post earnings per share of $0.88 for the quarter, down from their prior estimate of $0.90. DA Davidson currently has a "Strong-Buy" rating and a $47.00 price target on the stock. The consensus estimate for Fifth Third Bancorp's current full-year earnings is $3.68 per share.

A number of other brokerages have also weighed in on FITB. Truist Financial cut their price objective on Fifth Third Bancorp from $52.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Stephens reiterated an "equal weight" rating and issued a $51.00 price objective on shares of Fifth Third Bancorp in a research report on Wednesday, March 5th. Baird R W upgraded Fifth Third Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Morgan Stanley dropped their price target on Fifth Third Bancorp from $57.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Finally, Citigroup cut their price objective on shares of Fifth Third Bancorp from $52.00 to $43.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $47.53.

Fifth Third Bancorp Price Performance

Shares of FITB stock opened at $41.51 on Monday. The firm has a market cap of $27.71 billion, a P/E ratio of 13.18, a P/E/G ratio of 1.43 and a beta of 0.90. Fifth Third Bancorp has a fifty-two week low of $32.25 and a fifty-two week high of $49.07. The business's 50 day moving average price is $38.09 and its 200-day moving average price is $40.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 0.81.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. Fifth Third Bancorp had a return on equity of 13.64% and a net margin of 17.65%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company earned $0.70 EPS.

Hedge Funds Weigh In On Fifth Third Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Fifth Third Bancorp in the first quarter worth about $1,046,000. Swedbank AB grew its stake in shares of Fifth Third Bancorp by 2.2% during the first quarter. Swedbank AB now owns 264,767 shares of the financial services provider's stock valued at $10,379,000 after buying an additional 5,607 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Fifth Third Bancorp by 9.4% during the first quarter. Voya Investment Management LLC now owns 210,489 shares of the financial services provider's stock valued at $8,251,000 after buying an additional 18,057 shares during the last quarter. Strs Ohio bought a new position in shares of Fifth Third Bancorp during the first quarter valued at approximately $1,384,000. Finally, Advisors Capital Management LLC grew its stake in shares of Fifth Third Bancorp by 2.4% during the first quarter. Advisors Capital Management LLC now owns 301,011 shares of the financial services provider's stock valued at $11,800,000 after buying an additional 7,115 shares during the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Fifth Third Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, June 30th. This represents a $1.48 annualized dividend and a yield of 3.57%. Fifth Third Bancorp's dividend payout ratio (DPR) is presently 46.98%.

Fifth Third Bancorp announced that its Board of Directors has initiated a share repurchase plan on Monday, June 16th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.

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