FY2025 EPS Forecast for Fifth Third Bancorp Cut by Analyst

Fifth Third Bancorp (NASDAQ:FITB - Free Report) - Equities research analysts at DA Davidson reduced their FY2025 earnings per share estimates for Fifth Third Bancorp in a report issued on Thursday, December 19th. DA Davidson analyst P. Winter now anticipates that the financial services provider will post earnings of $3.58 per share for the year, down from their prior estimate of $3.63. The consensus estimate for Fifth Third Bancorp's current full-year earnings is $3.34 per share.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last announced its earnings results on Friday, October 18th. The financial services provider reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.05). The business had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.16 billion. Fifth Third Bancorp had a net margin of 16.58% and a return on equity of 14.58%. Fifth Third Bancorp's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share.

FITB has been the topic of several other reports. Morgan Stanley boosted their price objective on shares of Fifth Third Bancorp from $47.00 to $51.00 and gave the company an "equal weight" rating in a research note on Monday, September 30th. Wells Fargo & Company raised their price objective on shares of Fifth Third Bancorp from $52.00 to $54.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Baird R W lowered Fifth Third Bancorp from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. Barclays increased their target price on Fifth Third Bancorp from $43.00 to $51.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Finally, Piper Sandler lifted their price target on Fifth Third Bancorp from $49.00 to $54.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $45.32.

Fifth Third Bancorp Stock Performance

Shares of NASDAQ:FITB traded down $0.04 during trading on Monday, reaching $42.89. The company had a trading volume of 4,856,828 shares, compared to its average volume of 4,578,172. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.82 and a quick ratio of 0.82. The stock's fifty day moving average price is $45.64 and its 200 day moving average price is $41.95. Fifth Third Bancorp has a fifty-two week low of $32.29 and a fifty-two week high of $49.07. The firm has a market capitalization of $28.76 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22.

Fifth Third Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Tuesday, December 31st. Fifth Third Bancorp's dividend payout ratio (DPR) is presently 49.17%.

Insider Transactions at Fifth Third Bancorp

In other news, EVP Kristine R. Garrett sold 7,500 shares of the company's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $43.67, for a total value of $327,525.00. Following the sale, the executive vice president now directly owns 55,913 shares in the company, valued at $2,441,720.71. This represents a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in Fifth Third Bancorp by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 821,531 shares of the financial services provider's stock valued at $35,194,000 after acquiring an additional 14,137 shares during the last quarter. 1ST Source Bank purchased a new stake in shares of Fifth Third Bancorp in the third quarter valued at $211,000. Franklin Resources Inc. increased its stake in Fifth Third Bancorp by 8.1% in the third quarter. Franklin Resources Inc. now owns 5,476,374 shares of the financial services provider's stock valued at $242,713,000 after purchasing an additional 409,292 shares during the last quarter. Tidal Investments LLC lifted its position in Fifth Third Bancorp by 10.0% during the third quarter. Tidal Investments LLC now owns 24,952 shares of the financial services provider's stock worth $1,069,000 after buying an additional 2,265 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Fifth Third Bancorp in the 3rd quarter valued at about $191,000. 83.79% of the stock is currently 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.