Fifth Third Bancorp (NASDAQ:FITB) Given New $42.00 Price Target at DA Davidson

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) had its price target lowered by equities research analysts at DA Davidson from $45.00 to $42.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. DA Davidson's target price would suggest a potential upside of 19.05% from the company's current price. DA Davidson also issued estimates for Fifth Third Bancorp's Q2 2025 earnings at $0.91 EPS, FY2025 earnings at $3.58 EPS and FY2026 earnings at $4.04 EPS.

A number of other equities research analysts have also issued reports on the company. Robert W. Baird raised Fifth Third Bancorp from a "neutral" rating to an "outperform" rating and set a $47.00 price target on the stock in a research report on Monday, April 7th. Truist Financial lifted their price target on shares of Fifth Third Bancorp from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Morgan Stanley dropped their price objective on shares of 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. Royal Bank of Canada reiterated an "outperform" rating and set a $47.00 target price on shares of Fifth Third Bancorp in a research note on Monday, February 10th. Finally, Baird R W raised Fifth Third Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Fifth Third Bancorp presently has an average rating of "Moderate Buy" and an average price target of $46.24.

Fifth Third Bancorp Trading Down 1.4 %

Shares of Fifth Third Bancorp stock traded down $0.50 on Monday, reaching $35.28. The company had a trading volume of 3,219,995 shares, compared to its average volume of 4,490,591. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $23.57 billion, a PE ratio of 11.24, a PEG ratio of 1.42 and a beta of 0.99. The firm's 50 day moving average price is $38.25 and its two-hundred day moving average price is $42.41. Fifth Third Bancorp has a 52-week low of $32.25 and a 52-week high of $49.07.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. Fifth Third Bancorp had a return on equity of 14.10% and a net margin of 17.43%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the business earned $0.70 EPS. Sell-side analysts predict that Fifth Third Bancorp will post 3.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Fifth Third Bancorp

In other news, COO James C. Leonard sold 17,200 shares of Fifth Third Bancorp stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $44.26, for a total value of $761,272.00. Following the sale, the chief operating officer now owns 244,487 shares of the company's stock, valued at $10,820,994.62. The trade was a 6.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin P. Lavender sold 21,700 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $43.55, for a total transaction of $945,035.00. Following the completion of the sale, the executive vice president now owns 130,856 shares of the company's stock, valued at approximately $5,698,778.80. The trade was a 14.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

Hedge Funds Weigh In On Fifth Third Bancorp

A number of large investors have recently modified their holdings of the business. Retirement Wealth Solutions LLC acquired a new stake in shares of Fifth Third Bancorp in the 4th quarter worth approximately $25,000. Sierra Ocean LLC acquired a new stake in Fifth Third Bancorp during the 4th quarter valued at $28,000. Quarry LP purchased a new stake in Fifth Third Bancorp during the 4th quarter worth about $29,000. HWG Holdings LP acquired a new position in Fifth Third Bancorp in the 1st quarter valued at about $27,000. Finally, BankPlus Trust Department purchased a new position in shares of Fifth Third Bancorp during the fourth quarter valued at approximately $29,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

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.