What is DA Davidson's Estimate for FITB FY2025 Earnings?

Fifth Third Bancorp (NASDAQ:FITB - Free Report) - Analysts at DA Davidson reduced their FY2025 earnings estimates for Fifth Third Bancorp in a research note issued to investors on Wednesday, April 2nd. DA Davidson analyst P. Winter now forecasts that the financial services provider will post earnings of $3.61 per share for the year, down from their previous estimate of $3.68. DA Davidson currently has a "Neutral" rating and a $50.00 target price on the stock. The consensus estimate for Fifth Third Bancorp's current full-year earnings is $3.68 per share.

Several other equities analysts have also commented on the company. Barclays raised their price target 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. Robert W. Baird upgraded 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. Citigroup dropped their price objective on shares of Fifth Third Bancorp from $52.00 to $43.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Morgan Stanley reduced their price objective on shares of Fifth Third Bancorp from $57.00 to $52.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Finally, Baird R W raised Fifth Third Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $48.12.

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Fifth Third Bancorp Stock Up 5.7 %

NASDAQ FITB traded up $1.91 on Friday, reaching $35.33. 2,978,668 shares of the stock traded hands, compared to its average volume of 4,418,544. Fifth Third Bancorp has a 12 month low of $32.25 and a 12 month high of $49.07. The company has a market cap of $23.61 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.42 and a beta of 0.99. The company has a fifty day moving average price of $40.84 and a 200-day moving average price of $43.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.80 and a current ratio of 0.80.

Fifth Third Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 4.19%. Fifth Third Bancorp's payout ratio is 47.13%.

Insider Buying and Selling at Fifth Third Bancorp

In related news, EVP Kevin P. Lavender sold 21,700 shares of Fifth Third Bancorp stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $43.55, for a total value of $945,035.00. Following the completion of the transaction, the executive vice president now owns 130,856 shares in the company, valued at $5,698,778.80. The trade was a 14.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James C. Leonard sold 17,200 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $10,820,994.62. The trade was a 6.57 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Retirement Wealth Solutions LLC purchased a new stake in Fifth Third Bancorp in the 4th quarter worth $25,000. Sierra Ocean LLC purchased a new stake in shares of Fifth Third Bancorp during the fourth quarter worth about $28,000. BankPlus Trust Department purchased a new stake in shares of Fifth Third Bancorp during the fourth quarter worth about $29,000. Quarry LP acquired a new stake in Fifth Third Bancorp in the 4th quarter worth about $29,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Fifth Third Bancorp during the 4th quarter worth approximately $33,000. 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.