Research Analysts Offer Predictions for FITB FY2025 Earnings

Fifth Third Bancorp (NASDAQ:FITB) – Analysts at DA Davidson upped their FY2025 earnings estimates for Fifth Third Bancorp in a report released on Tuesday, October 22nd. DA Davidson analyst P. Winter now expects that the financial services provider will earn $3.63 per share for the year, up from their prior forecast of $3.59. The consensus estimate for Fifth Third Bancorp’s current full-year earnings is $3.31 per share.

Fifth Third Bancorp (NASDAQ:FITB) last released its earnings results on Friday, October 18th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). Fifth Third Bancorp had a return on equity of 15.79% and a net margin of 17.41%. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on FITB. Royal Bank of Canada raised their price target on Fifth Third Bancorp from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Evercore ISI raised their price objective on shares of Fifth Third Bancorp from $46.00 to $47.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. Bank of America boosted their target price on shares of Fifth Third Bancorp from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Baird R W lowered Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, Jefferies Financial Group lifted their price target on shares of Fifth Third Bancorp from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.28.

Fifth Third Bancorp Price Performance

Shares of NASDAQ:FITB opened at $43.22 on Thursday. The firm has a market cap of $29.56 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 1.94 and a beta of 1.22. Fifth Third Bancorp has a 1 year low of $22.75 and a 1 year high of $45.71. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $42.49 and a 200 day simple moving average of $39.30.

Institutional Investors Weigh In On Fifth Third Bancorp

A number of institutional investors have recently bought and sold shares of FITB. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Fifth Third Bancorp by 1.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 142,826 shares of the financial services provider’s stock worth $5,315,000 after acquiring an additional 1,940 shares during the period. Atwater Malick LLC lifted its stake in Fifth Third Bancorp by 6.8% during the first quarter. Atwater Malick LLC now owns 6,287 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 400 shares during the period. MCF Advisors LLC boosted its holdings in Fifth Third Bancorp by 0.8% during the first quarter. MCF Advisors LLC now owns 41,594 shares of the financial services provider’s stock valued at $1,558,000 after purchasing an additional 328 shares in the last quarter. Gibson Capital LLC bought a new stake in shares of Fifth Third Bancorp in the 1st quarter valued at approximately $214,000. Finally, Founders Financial Securities LLC acquired a new position in shares of Fifth Third Bancorp in the 1st quarter worth approximately $361,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Activity at Fifth Third Bancorp

In other news, EVP Jude Schramm sold 20,000 shares of Fifth Third Bancorp stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.00, for a total transaction of $840,000.00. Following the sale, the executive vice president now owns 114,422 shares of the company’s stock, valued at approximately $4,805,724. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Fifth Third Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.37 per share. The ex-dividend date was Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.42%. This is a positive change from Fifth Third Bancorp’s previous quarterly dividend of $0.35. Fifth Third Bancorp’s dividend payout ratio is currently 46.98%.

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.