Zacks Research Issues Negative Outlook for FITB Earnings

Fifth Third Bancorp (NASDAQ:FITB - Free Report) - Zacks Research decreased their Q1 2027 earnings per share estimates for shares of Fifth Third Bancorp in a research note issued to investors on Thursday, April 10th. Zacks Research analyst R. Department now expects that the financial services provider will earn $1.06 per share for the quarter, down from their prior estimate of $1.13. The consensus estimate for Fifth Third Bancorp's current full-year earnings is $3.68 per share. Zacks Research also issued estimates for Fifth Third Bancorp's FY2027 earnings at $4.54 EPS.

A number of other equities analysts have also recently weighed in on FITB. Baird R W upgraded shares of Fifth Third Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Barclays raised their price objective on Fifth Third Bancorp from $51.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Truist Financial upped their price objective on shares of Fifth Third Bancorp from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Morgan Stanley dropped their price target on Fifth Third Bancorp from $57.00 to $52.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Finally, DA Davidson lifted their price target on Fifth Third Bancorp from $49.00 to $50.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Fifth Third Bancorp presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.12.

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Fifth Third Bancorp Price Performance

Shares of Fifth Third Bancorp stock traded down $0.57 on Friday, reaching $34.50. The company's stock had a trading volume of 1,835,117 shares, compared to its average volume of 4,469,276. Fifth Third Bancorp has a 52-week low of $31.96 and a 52-week high of $49.07. The company has a market capitalization of $23.05 billion, a P/E ratio of 10.99, a PEG ratio of 1.42 and a beta of 0.99. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average price of $39.73 and a 200-day moving average price of $42.83.

Hedge Funds Weigh In On Fifth Third Bancorp

Hedge funds have recently bought and sold shares of the stock. Retirement Wealth Solutions LLC purchased a new stake in Fifth Third Bancorp during the 4th quarter worth about $25,000. Sierra Ocean LLC purchased a new stake in Fifth Third Bancorp in the 4th quarter worth approximately $28,000. BankPlus Trust Department acquired a new position in Fifth Third Bancorp in the 4th quarter valued at $29,000. Quarry LP purchased a new position in shares of Fifth Third Bancorp during the 4th quarter worth $29,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Fifth Third Bancorp in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 83.79% of the company's stock.

Insider Transactions at Fifth Third Bancorp

In other Fifth Third Bancorp news, COO James C. Leonard sold 17,200 shares of Fifth Third Bancorp stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $44.26, for a total transaction of $761,272.00. Following the completion of the transaction, the chief operating officer now owns 244,487 shares in the company, valued at approximately $10,820,994.62. The trade was a 6.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kevin P. Lavender sold 21,700 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $43.55, for a total transaction of $945,035.00. Following the completion of the sale, the executive vice president now owns 130,856 shares in the company, valued at $5,698,778.80. This represents a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

Fifth Third Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Monday, March 31st. Fifth Third Bancorp's dividend payout ratio is currently 47.13%.

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.