DA Davidson Expects Weaker Earnings for Fifth Third Bancorp

Fifth Third Bancorp (NASDAQ:FITB - Free Report) - DA Davidson reduced 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 anticipates that the financial services provider will earn $0.88 per share for the quarter, down from their prior estimate of $0.90. DA Davidson 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.

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

Several other brokerages also recently weighed in on FITB. Stephens restated an "equal weight" rating and issued a $51.00 target price on shares of Fifth Third Bancorp in a research note on Wednesday, March 5th. Barclays lowered their price objective on Fifth Third Bancorp from $56.00 to $51.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Citigroup cut their target price on 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. TD Cowen initiated coverage on shares of Fifth Third Bancorp in a research report on Thursday, May 15th. They set a "buy" rating and a $52.00 price target for the company. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Fifth Third Bancorp from $47.00 to $42.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $47.53.

Fifth Third Bancorp Trading Up 0.6%

Shares of Fifth Third Bancorp stock traded up $0.24 during trading hours on Monday, reaching $43.37. The stock had a trading volume of 4,405,180 shares, compared to its average volume of 4,571,545. The firm has a 50 day simple moving average of $38.56 and a two-hundred day simple moving average of $40.09. Fifth Third Bancorp has a 1 year low of $32.25 and a 1 year high of $49.07. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $28.95 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 1.47 and a beta of 0.91.

Fifth Third Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Monday, June 30th. Fifth Third Bancorp's dividend payout ratio (DPR) is presently 46.98%.

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

Institutional Trading of Fifth Third Bancorp

Several hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in Fifth Third Bancorp during the 4th quarter worth $29,000. HWG Holdings LP acquired a new stake in shares of Fifth Third Bancorp in the 1st quarter worth about $27,000. Banque Transatlantique SA bought a new stake in Fifth Third Bancorp in the 1st quarter valued at about $27,000. Larson Financial Group LLC lifted its position in Fifth Third Bancorp by 91.3% in the 1st quarter. Larson Financial Group LLC now owns 748 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 357 shares during the last quarter. Finally, REAP Financial Group LLC boosted its stake in Fifth Third Bancorp by 161.8% during the 4th quarter. REAP Financial Group LLC now owns 788 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 487 shares during the period. Institutional investors own 83.79% of the company's stock.

Fifth Third Bancorp Company Profile

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.