Q1 EPS Estimate for Fifth Third Bancorp Decreased by Analyst

Fifth Third Bancorp (NASDAQ:FITB - Free Report) - Equities research analysts at DA Davidson cut their Q1 2025 earnings per share estimates for Fifth Third Bancorp in a research report issued to clients and investors on Wednesday, April 2nd. DA Davidson analyst P. Winter now expects that the financial services provider will post earnings of $0.73 per share for the quarter, down from their prior forecast of $0.76. DA Davidson currently has a "Neutral" rating and a $50.00 price target 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 $4.07 EPS.

FITB has been the subject of a number of other research reports. Robert W. Baird raised shares of Fifth Third Bancorp from a "neutral" rating to an "outperform" rating and set a $47.00 price target for the company in a report on Monday. Barclays lifted their target price on Fifth Third Bancorp from $51.00 to $56.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Piper Sandler reaffirmed an "overweight" rating and set a $53.00 price target (down previously from $54.00) on shares of Fifth Third Bancorp in a research note on Wednesday, January 22nd. Citigroup lowered 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. Finally, Wells Fargo & Company cut their target price on shares of Fifth Third Bancorp from $54.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $48.12.

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Fifth Third Bancorp Price Performance

FITB traded up $0.24 during midday trading on Thursday, hitting $34.31. The company had a trading volume of 2,076,146 shares, compared to its average volume of 4,404,268. Fifth Third Bancorp has a twelve month low of $32.25 and a twelve month high of $49.07. The company has a market capitalization of $22.92 billion, a PE ratio of 10.94, a P/E/G ratio of 1.42 and a beta of 0.99. 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 firm's 50-day simple moving average is $41.28 and its 200-day simple moving average is $43.30.

Fifth Third Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.37 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a yield of 4.31%. Fifth Third Bancorp's payout ratio is 47.13%.

Insiders Place Their Bets

In related news, COO James C. Leonard sold 17,200 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $44.26, for a total value of $761,272.00. Following the completion of the transaction, the chief operating officer now directly owns 244,487 shares in the company, valued at approximately $10,820,994.62. The trade was a 6.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin P. Lavender sold 21,700 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $43.55, for a total transaction of $945,035.00. Following the sale, the executive vice president now owns 130,856 shares in the company, valued at $5,698,778.80. This trade represents a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company's stock.

Hedge Funds Weigh In On Fifth Third Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Fifth Third Bancorp by 5.7% during the third quarter. FMR LLC now owns 1,692,599 shares of the financial services provider's stock worth $72,511,000 after buying an additional 91,574 shares during the period. Townsquare Capital LLC acquired a new position in Fifth Third Bancorp during the 3rd quarter worth approximately $804,000. Paloma Partners Management Co grew its stake in shares of Fifth Third Bancorp by 201.6% during the 3rd quarter. Paloma Partners Management Co now owns 14,400 shares of the financial services provider's stock worth $617,000 after acquiring an additional 28,567 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Fifth Third Bancorp by 139.4% in the third quarter. Benjamin Edwards Inc. now owns 11,190 shares of the financial services provider's stock valued at $479,000 after purchasing an additional 6,515 shares during the last quarter. Finally, Investment Management Corp of Ontario raised its holdings in shares of Fifth Third Bancorp by 49.3% in the third quarter. Investment Management Corp of Ontario now owns 22,720 shares of the financial services provider's stock valued at $973,000 after purchasing an additional 7,500 shares during the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

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.