FY2025 Earnings Estimate for FITB Issued By DA Davidson

Fifth Third Bancorp (NASDAQ:FITB) – Equities researchers at DA Davidson boosted their FY2025 earnings estimates for shares of Fifth Third Bancorp in a note issued to investors on Tuesday, June 10th. DA Davidson analyst P. Winter now anticipates that the financial services provider will post earnings per share of $3.62 for the year, up from their previous estimate of $3.58. DA Davidson has a “Strong-Buy” rating and a $47.00 price objective 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 equities research analysts also 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. Wells Fargo & Company raised their price target on Fifth Third Bancorp from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup cut their price objective on Fifth Third Bancorp from $52.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Keefe, Bruyette & Woods decreased their target price on shares of Fifth Third Bancorp from $47.00 to $42.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st. Finally, Barclays cut their price target on shares of Fifth Third Bancorp from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Fifth Third Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.53.

Fifth Third Bancorp Stock Down 1.6%

FITB stock opened at $39.14 on Thursday. 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 0.82, a quick ratio of 0.80 and a current ratio of 0.80. The company has a fifty day moving average of $36.85 and a 200-day moving average of $40.82. The stock has a market capitalization of $26.13 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Fifth Third Bancorp had a return on equity of 14.10% and a net margin of 17.43%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share.

Institutional Investors Weigh In On Fifth Third Bancorp

Several hedge funds have recently modified their holdings of the stock. Stratos Wealth Partners LTD. grew its stake in shares of Fifth Third Bancorp by 23.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 11,206 shares of the financial services provider’s stock valued at $474,000 after buying an additional 2,163 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Fifth Third Bancorp by 46.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 16,825 shares of the financial services provider’s stock valued at $711,000 after acquiring an additional 5,366 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in Fifth Third Bancorp by 8.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 15,858 shares of the financial services provider’s stock valued at $670,000 after acquiring an additional 1,193 shares during the period. Savant Capital LLC grew its position in Fifth Third Bancorp by 10.6% during the fourth quarter. Savant Capital LLC now owns 21,906 shares of the financial services provider’s stock valued at $926,000 after acquiring an additional 2,104 shares during the period. Finally, Kentucky Trust Co acquired a new stake in Fifth Third Bancorp during the fourth quarter worth about $987,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Fifth Third Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.37 per share. The ex-dividend date was Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 3.78%. Fifth Third Bancorp’s payout ratio is currently 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.