Q1 EPS Estimate for Fifth Third Bancorp Lowered by Analyst

Fifth Third Bancorp (NASDAQ:FITB - Free Report) - Zacks Research cut their Q1 2027 earnings per share (EPS) estimates for Fifth Third Bancorp in a report issued on Tuesday, July 1st. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $1.04 per share for the quarter, down from their previous estimate of $1.05. 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 FY2027 earnings at $4.32 EPS.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. Fifth Third Bancorp had a return on equity of 13.64% and a net margin of 17.65%. During the same period in the previous year, the company earned $0.70 earnings per share.

Other analysts have also issued reports about the company. Robert W. Baird raised Fifth Third Bancorp from a "neutral" rating to an "outperform" rating and set a $47.00 price objective for the company in a report on Monday, April 7th. Keefe, Bruyette & Woods lowered their target price on Fifth Third Bancorp from $47.00 to $42.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Jefferies Financial Group started coverage on Fifth Third Bancorp in a report on Wednesday, May 21st. They set a "buy" rating and a $47.00 target price for the company. Baird R W raised Fifth Third Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Finally, Citigroup lowered their target price on Fifth Third Bancorp from $52.00 to $43.00 and set a "neutral" rating for the company in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $47.53.

Fifth Third Bancorp Stock Up 0.6%

Fifth Third Bancorp stock traded up $0.24 during midday trading on Thursday, hitting $43.37. The stock had a trading volume of 4,405,182 shares, compared to its average volume of 4,580,072. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. The stock has a market cap of $28.95 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.50 and a beta of 0.91. Fifth Third Bancorp has a 12 month low of $32.25 and a 12 month high of $49.07. The business has a fifty day moving average price of $38.87 and a 200 day moving average price of $40.06.

Institutional Investors Weigh In On Fifth Third Bancorp

A number of institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Fifth Third Bancorp by 6.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 22,908,401 shares of the financial services provider's stock worth $898,009,000 after purchasing an additional 1,321,554 shares during the period. Invesco Ltd. lifted its position in Fifth Third Bancorp by 5.1% in the first quarter. Invesco Ltd. now owns 17,736,353 shares of the financial services provider's stock worth $695,265,000 after purchasing an additional 862,374 shares during the period. Geode Capital Management LLC lifted its position in Fifth Third Bancorp by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 16,959,001 shares of the financial services provider's stock worth $715,219,000 after purchasing an additional 285,910 shares during the period. Boston Partners lifted its position in Fifth Third Bancorp by 6.2% in the fourth quarter. Boston Partners now owns 14,135,430 shares of the financial services provider's stock worth $597,692,000 after purchasing an additional 823,803 shares during the period. Finally, First Trust Advisors LP lifted its position in Fifth Third Bancorp by 12.1% in the fourth quarter. First Trust Advisors LP now owns 9,531,485 shares of the financial services provider's stock worth $402,991,000 after purchasing an additional 1,027,044 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Fifth Third Bancorp announced that its board has authorized a share repurchase program on Monday, June 16th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Fifth Third Bancorp Dividend Announcement

The company 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 $0.37 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.41%. Fifth Third Bancorp's dividend payout ratio (DPR) is 46.98%.

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.