DA Davidson Predicts Lower Earnings for Fifth Third Bancorp

Fifth Third Bancorp (NASDAQ:FITB - Free Report) - DA Davidson lowered their Q2 2025 earnings estimates for Fifth Third Bancorp in a note issued to investors on Tuesday, June 10th. DA Davidson analyst P. Winter now forecasts that the financial services provider will earn $0.90 per share for the quarter, down from their prior estimate of $0.91. DA Davidson currently has a "Strong-Buy" rating and a $47.00 target price on the stock. The consensus estimate for Fifth Third Bancorp's current full-year earnings is $3.68 per share.

Several other research analysts have also commented on the company. Morgan Stanley reduced their price target on Fifth Third Bancorp from $57.00 to $52.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Cowen assumed coverage on shares of Fifth Third Bancorp in a report on Wednesday, May 14th. They issued a "buy" rating for the company. Stephens reissued an "equal weight" rating and set a $51.00 price target on shares of Fifth Third Bancorp in a research report on Wednesday, March 5th. Barclays cut their price objective on shares of Fifth Third Bancorp from $56.00 to $51.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Wells Fargo & Company boosted their target price on Fifth Third Bancorp from $48.00 to $52.00 and gave the stock an "overweight" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $47.53.

Fifth Third Bancorp Stock Down 0.7%

FITB stock traded down $0.26 during trading on Wednesday, hitting $38.88. 1,112,760 shares of the company's stock traded hands, compared to its average volume of 4,491,099. The business has a fifty day simple moving average of $36.85 and a two-hundred day simple moving average of $40.82. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $25.95 billion, a P/E ratio of 12.38, a PEG ratio of 1.42 and a beta of 0.90. Fifth Third Bancorp has a 1 year low of $32.25 and a 1 year high of $49.07.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. The business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. Fifth Third Bancorp had a return on equity of 14.10% and a net margin of 17.43%. During the same period in the prior year, the business earned $0.70 EPS.

Hedge Funds Weigh In On Fifth Third Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new position in Fifth Third Bancorp in the first quarter valued at approximately $1,384,000. Advisors Capital Management LLC lifted its stake in shares of Fifth Third Bancorp by 2.4% in the 1st quarter. Advisors Capital Management LLC now owns 301,011 shares of the financial services provider's stock valued at $11,800,000 after purchasing an additional 7,115 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Fifth Third Bancorp by 28.6% during the first quarter. Geneos Wealth Management Inc. now owns 7,042 shares of the financial services provider's stock worth $276,000 after buying an additional 1,567 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Fifth Third Bancorp by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,352,987 shares of the financial services provider's stock valued at $170,637,000 after buying an additional 123,884 shares during the period. Finally, Woodline Partners LP increased its holdings in Fifth Third Bancorp by 40.5% in the first quarter. Woodline Partners LP now owns 56,592 shares of the financial services provider's stock valued at $2,218,000 after buying an additional 16,323 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Fifth Third Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.81%. Fifth Third Bancorp's payout ratio is currently 46.98%.

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.