Q1 Earnings Estimate for FITB Issued By DA Davidson

Fifth Third Bancorp (NASDAQ:FITB) – Research analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Fifth Third Bancorp in a report released on Thursday, January 23rd. DA Davidson analyst P. Winter expects that the financial services provider will post earnings per share of $0.76 for the quarter. 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 $3.62 per share.

A number of other research firms also recently commented on FITB. Truist Financial increased their target price on shares of Fifth Third Bancorp from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com downgraded shares of Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their price objective on shares of Fifth Third Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Citigroup lifted their target price on shares of Fifth Third Bancorp from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Fifth Third Bancorp from $45.00 to $51.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.75.

Fifth Third Bancorp Trading Up 0.8 %

NASDAQ FITB opened at $44.18 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.80 and a quick ratio of 0.82. The firm’s fifty day moving average price is $44.78 and its 200 day moving average price is $43.03. The company has a market capitalization of $29.62 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24. Fifth Third Bancorp has a 12 month low of $32.29 and a 12 month high of $49.07.

Fifth Third Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Tuesday, December 31st. Fifth Third Bancorp’s dividend payout ratio is presently 47.13%.

Insider Activity

In other news, EVP Kristine R. Garrett sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $43.67, for a total value of $327,525.00. Following the completion of the transaction, the executive vice president now owns 55,913 shares of the company’s stock, valued at $2,441,720.71. The trade was a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Fifth Third Bancorp

Institutional investors have recently bought and sold shares of the stock. Retirement Wealth Solutions LLC purchased a new stake in Fifth Third Bancorp in the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC grew its stake in Fifth Third Bancorp by 89.5% during the third quarter. Venturi Wealth Management LLC now owns 669 shares of the financial services provider’s stock worth $29,000 after buying an additional 316 shares during the period. Legacy Investment Solutions LLC purchased a new stake in Fifth Third Bancorp during the third quarter worth approximately $36,000. Hexagon Capital Partners LLC grew its stake in Fifth Third Bancorp by 56.9% during the third quarter. Hexagon Capital Partners LLC now owns 860 shares of the financial services provider’s stock worth $37,000 after buying an additional 312 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Fifth Third Bancorp during the third quarter worth approximately $39,000. 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.