DA Davidson Has Positive Outlook for FITB FY2025 Earnings

Fifth Third Bancorp (NASDAQ:FITB - Free Report) - Research analysts at DA Davidson increased their FY2025 EPS estimates for shares of Fifth Third Bancorp in a research report issued to clients and investors on Tuesday, June 10th. DA Davidson analyst P. Winter now forecasts that the financial services provider will post earnings per share of $3.62 for the year, up from their prior forecast of $3.58. 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. DA Davidson also issued estimates for Fifth Third Bancorp's FY2026 earnings at $4.10 EPS.

A number of other analysts have also issued reports on FITB. Barclays cut their price target on shares of Fifth Third Bancorp from $56.00 to $51.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. TD Cowen initiated 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. Jefferies Financial Group initiated coverage on shares of Fifth Third Bancorp in a research note on Wednesday, May 21st. They issued a "buy" rating and a $47.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Fifth Third Bancorp from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Finally, Robert W. Baird upgraded shares of Fifth Third Bancorp from a "neutral" rating to an "outperform" rating and set a $47.00 price target on the stock in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $47.53.

Fifth Third Bancorp Trading Down 0.4%

FITB traded down $0.16 on Thursday, hitting $38.98. The company had a trading volume of 3,128,961 shares, compared to its average volume of 4,491,834. The firm has a market cap of $26.02 billion, a P/E ratio of 12.41, 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. The company's fifty day moving average price is $36.85 and its 200 day moving average price is $40.82. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.82.

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

Institutional Trading of Fifth Third Bancorp

A number of hedge funds have recently added to or reduced their stakes in FITB. Boston Partners lifted its stake in shares of Fifth Third Bancorp by 6.2% in the 4th quarter. Boston Partners now owns 14,135,430 shares of the financial services provider's stock valued at $597,692,000 after purchasing an additional 823,803 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Fifth Third Bancorp by 27.3% in the 4th quarter. Deutsche Bank AG now owns 2,046,701 shares of the financial services provider's stock valued at $86,535,000 after purchasing an additional 438,446 shares in the last quarter. AMJ Financial Wealth Management lifted its stake in shares of Fifth Third Bancorp by 4.2% in the 4th quarter. AMJ Financial Wealth Management now owns 232,803 shares of the financial services provider's stock valued at $9,843,000 after purchasing an additional 9,401 shares in the last quarter. Banco Santander S.A. purchased a new stake in shares of Fifth Third Bancorp during the 4th quarter valued at about $357,000. Finally, Fred Alger Management LLC raised its holdings in shares of Fifth Third Bancorp by 29.5% during the 4th quarter. Fred Alger Management LLC now owns 65,867 shares of the financial services provider's stock valued at $2,809,000 after buying an additional 15,023 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Fifth Third Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.80%. Fifth Third Bancorp's payout ratio is 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.