DA Davidson Analysts Increase Earnings Estimates for FITB

Fifth Third Bancorp (NASDAQ:FITB) – Stock analysts at DA Davidson raised their FY2025 EPS estimates for shares of Fifth Third Bancorp in a research report issued on Tuesday, June 10th. DA Davidson analyst P. Winter now expects 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 analysts also recently issued reports on FITB. JPMorgan Chase & Co. decreased their price objective on shares of Fifth Third Bancorp from $49.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Stephens reissued an “equal weight” rating and issued a $51.00 target price on shares of Fifth Third Bancorp in a research report on Wednesday, March 5th. Cowen initiated coverage on Fifth Third Bancorp in a research report on Wednesday, May 14th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods decreased their target price on Fifth Third Bancorp from $47.00 to $42.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. Finally, Citigroup decreased their price objective 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 assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.53.

Fifth Third Bancorp Stock Performance

Shares of FITB opened at $38.98 on Thursday. Fifth Third Bancorp has a 12 month low of $32.25 and a 12 month high of $49.07. The company has a market capitalization of $26.02 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.42 and a beta of 0.90. The stock has a 50 day moving average of $36.94 and a 200 day moving average of $40.75. 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) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.73 EPS 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 net margin of 17.43% and a return on equity of 14.10%. During the same quarter last year, the business posted $0.70 EPS.

Fifth Third Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.80%. Fifth Third Bancorp’s dividend payout ratio is currently 46.98%.

Hedge Funds Weigh In On Fifth Third Bancorp

Hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new position in Fifth Third Bancorp during the fourth quarter worth about $371,836,000. Nuveen LLC purchased a new position in Fifth Third Bancorp in the first quarter worth $334,805,000. Massachusetts Financial Services Co. MA purchased a new position in Fifth Third Bancorp in the first quarter worth $113,900,000. PL Capital Advisors LLC grew its position in Fifth Third Bancorp by 4,128.0% in the fourth quarter. PL Capital Advisors LLC now owns 1,860,320 shares of the financial services provider’s stock worth $78,654,000 after acquiring an additional 1,816,320 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Fifth Third Bancorp by 6.1% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

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.