FY2025 Earnings Forecast for FITB Issued By Zacks Research

Key Points

• Zacks Research has revised its FY2025 earnings per share (EPS) estimate for Fifth Third Bancorp down to $3.44, from a previous estimate of $3.50, while the consensus estimate remains higher at $3.68.
• Institutional investors own 83.79% of Fifth Third Bancorp's stock, and several large investors, including Activest Wealth Management, have significantly increased their stakes in the company.
• Fifth Third Bancorp has announced a stock repurchase plan allowing the company to buy back 100,000,000 shares, indicating management's belief that its stock is undervalued.

Fifth Third Bancorp (NASDAQ:FITB - Free Report) - Investment analysts at Zacks Research cut their FY2025 earnings estimates for Fifth Third Bancorp in a research report issued on Wednesday, September 10th. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $3.44 for the year, down from their previous forecast of $3.50. The consensus estimate for Fifth Third Bancorp's current full-year earnings is $3.68 per share. Zacks Research also issued estimates for Fifth Third Bancorp's Q4 2026 earnings at $0.99 EPS, FY2026 earnings at $3.73 EPS, Q2 2027 earnings at $1.08 EPS and FY2027 earnings at $4.25 EPS.

Several other analysts have also issued reports on FITB. Truist Financial lifted their target price on shares of Fifth Third Bancorp from $48.00 to $52.00 and gave the company a "buy" rating in a research report on Friday. Wells Fargo & Company lifted their target price 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. Jefferies Financial Group assumed coverage on shares of Fifth Third Bancorp in a research report on Wednesday, May 21st. They issued a "buy" rating and a $47.00 target price on the stock. Finally, DA Davidson upgraded shares of Fifth Third Bancorp from a "hold" rating to a "strong-buy" rating and boosted their price target for the stock from $42.00 to $47.00 in a research report on Monday, June 9th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Fifth Third Bancorp currently has an average rating of "Moderate Buy" and an average price target of $48.33.

Fifth Third Bancorp Price Performance

Shares of NASDAQ FITB traded up $0.29 during trading on Friday, hitting $45.56. The company had a trading volume of 3,469,353 shares, compared to its average volume of 3,792,217. The stock has a fifty day simple moving average of $43.49 and a two-hundred day simple moving average of $40.05. Fifth Third Bancorp has a fifty-two week low of $32.25 and a fifty-two week high of $49.07. The firm has a market capitalization of $30.16 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.76.

Fifth Third Bancorp declared that its Board of Directors has approved a share repurchase program on Monday, June 16th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Fifth Third Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.40 per share. This is an increase from Fifth Third Bancorp's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. Fifth Third Bancorp's payout ratio is 45.96%.

Hedge Funds Weigh In On Fifth Third Bancorp

Institutional investors have recently bought and sold shares of the company. Evolution Wealth Management Inc. purchased a new position in Fifth Third Bancorp during the second quarter worth about $26,000. HWG Holdings LP purchased a new position in Fifth Third Bancorp during the first quarter worth about $27,000. Banque Transatlantique SA purchased a new position in Fifth Third Bancorp during the first quarter worth about $27,000. Activest Wealth Management raised its stake in Fifth Third Bancorp by 1,043.3% during the second quarter. Activest Wealth Management now owns 686 shares of the financial services provider's stock worth $28,000 after purchasing an additional 626 shares during the period. Finally, Larson Financial Group LLC raised its stake in Fifth Third Bancorp by 91.3% during the first quarter. Larson Financial Group LLC now owns 748 shares of the financial services provider's stock worth $29,000 after purchasing an additional 357 shares during the period. 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.