Fifth Third Bancorp (NASDAQ:FITB) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts rate FITB a "Moderate Buy" — 20 analysts cover Fifth Third (17 buy, 3 hold) with an average 1‑year target of $56.41; recent price‑target moves include TD Cowen $60, DA Davidson $58, Morgan Stanley $60 (cut from $67) and Wolfe $55.
• Dividend announced: Fifth Third declared a $0.40 quarterly dividend ($1.60 annualized) with an ex‑dividend date of March 31 and payment on April 15, implying a ~3.2% yield.
• The stock opened at $49.34, has a market cap of $44.68 billion and a P/E of 13.94, trades in a 12‑month range of $32.27–$55.44, and is 83.79% held by institutional investors.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $56.4125.

Several brokerages have commented on FITB. TD Cowen restated a "buy" rating and set a $60.00 price target on shares of Fifth Third Bancorp in a research note on Tuesday, February 3rd. DA Davidson upped their price target on Fifth Third Bancorp from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, January 26th. Morgan Stanley dropped their price target on Fifth Third Bancorp from $67.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, March 31st. Argus upped their price target on Fifth Third Bancorp from $49.00 to $58.00 in a research note on Thursday, January 22nd. Finally, Wolfe Research dropped their price target on Fifth Third Bancorp from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Wednesday, April 1st.

Institutional Investors Weigh In On Fifth Third Bancorp

A number of large investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. grew its stake in shares of Fifth Third Bancorp by 4.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 4,261 shares of the financial services provider's stock valued at $199,000 after buying an additional 187 shares in the last quarter. Equitable Holdings Inc. grew its stake in shares of Fifth Third Bancorp by 4.1% in the fourth quarter. Equitable Holdings Inc. now owns 4,950 shares of the financial services provider's stock valued at $232,000 after buying an additional 195 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in shares of Fifth Third Bancorp by 3.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 6,870 shares of the financial services provider's stock valued at $322,000 after buying an additional 206 shares in the last quarter. Keybank National Association OH grew its stake in shares of Fifth Third Bancorp by 0.3% in the fourth quarter. Keybank National Association OH now owns 64,416 shares of the financial services provider's stock valued at $3,015,000 after buying an additional 214 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its stake in shares of Fifth Third Bancorp by 1.9% in the fourth quarter. CreativeOne Wealth LLC now owns 11,652 shares of the financial services provider's stock valued at $545,000 after buying an additional 216 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Fifth Third Bancorp Stock Performance

Shares of NASDAQ:FITB opened at $49.34 on Thursday. The firm has a market capitalization of $44.68 billion, a PE ratio of 13.94, a P/E/G ratio of 0.93 and a beta of 0.95. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.83 and a quick ratio of 0.82. The business has a 50-day moving average of $49.03 and a two-hundred day moving average of $46.61. Fifth Third Bancorp has a 12 month low of $32.27 and a 12 month high of $55.44.

Fifth Third Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.60 annualized dividend and a yield of 3.2%. Fifth Third Bancorp's dividend payout ratio is currently 45.20%.

About Fifth Third Bancorp

Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.

On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.

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