Fifth Third Bancorp (FITB) Projected to Post Quarterly Earnings on Thursday

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Thursday, July 17th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $2.22 billion for the quarter.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.73 EPS 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 analysts' expectations of $2.17 billion. Fifth Third Bancorp had a net margin of 17.65% and a return on equity of 13.64%. During the same quarter in the previous year, the company posted $0.70 EPS. On average, analysts expect Fifth Third Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Fifth Third Bancorp Trading Down 0.6%

Shares of Fifth Third Bancorp stock traded down $0.27 on Friday, hitting $43.79. 1,396,564 shares of the company's stock traded hands, compared to its average volume of 4,569,468. The firm's 50-day moving average price is $39.47 and its two-hundred day moving average price is $40.09. The stock has a market capitalization of $29.23 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.50 and a beta of 0.91. Fifth Third Bancorp has a one year low of $32.25 and a one year high of $49.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.81 and a quick ratio of 0.80.

Fifth Third Bancorp announced that its board has approved a share buyback 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 generally an indication that the company's leadership believes its shares are undervalued.

Fifth Third Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, June 30th. Fifth Third Bancorp's payout ratio is 46.98%.

Hedge Funds Weigh In On Fifth Third Bancorp

An institutional investor recently raised its position in Fifth Third Bancorp stock. Woodline Partners LP lifted its holdings in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 40.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,592 shares of the financial services provider's stock after buying an additional 16,323 shares during the period. Woodline Partners LP's holdings in Fifth Third Bancorp were worth $2,218,000 at the end of the most recent quarter. 83.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on FITB. Robert W. Baird upgraded shares of Fifth Third Bancorp from a "neutral" rating to an "outperform" rating and set a $47.00 price objective for the company in a research report on Monday, April 7th. Cowen began coverage on shares of Fifth Third Bancorp in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Wells Fargo & Company upped their price objective on shares of Fifth Third Bancorp from $48.00 to $52.00 and gave the company an "overweight" rating in a research report on Tuesday, June 10th. Citigroup cut their price target on shares of Fifth Third Bancorp from $52.00 to $43.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Finally, TD Cowen assumed coverage on shares of Fifth Third Bancorp in a research note on Thursday, May 15th. They issued a "buy" rating and a $52.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $47.53.

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.