Research Analysts Offer Predictions for FITB FY2025 Earnings

Fifth Third Bancorp (NASDAQ:FITBFree Report) – Equities research analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for Fifth Third Bancorp in a report issued on Thursday, January 23rd. DA Davidson analyst P. Winter now forecasts that the financial services provider will post earnings of $4.14 per share for the year, up from their prior forecast of $3.58. 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 $3.62 per share.

FITB has been the subject of a number of other research reports. Wells Fargo & Company boosted their target price on shares of Fifth Third Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Evercore ISI raised their target price on 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. Royal Bank of Canada restated an “outperform” rating and issued a $47.00 price objective on shares of Fifth Third Bancorp in a report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $53.00 price target (down from $54.00) on shares of Fifth Third Bancorp in a research report on Wednesday, January 22nd. Finally, Baird R W lowered shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fifth Third Bancorp has an average rating of “Hold” and an average target price of $46.75.

Read Our Latest Stock Analysis on FITB

Fifth Third Bancorp Price Performance

Shares of NASDAQ FITB opened at $44.78 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.82 and a current ratio of 0.80. The firm has a fifty day moving average of $44.69 and a 200 day moving average of $43.22. The firm has a market cap of $30.03 billion, a PE ratio of 14.26, a PEG ratio of 1.91 and a beta of 1.24. Fifth Third Bancorp has a one year low of $32.29 and a one year high of $49.07.

Fifth Third Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.31%. The ex-dividend date was Tuesday, December 31st. Fifth Third Bancorp’s payout ratio is 47.13%.

Institutional Trading of Fifth Third Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Boston Common Asset Management LLC boosted its position in shares of Fifth Third Bancorp by 12.4% in the 4th quarter. Boston Common Asset Management LLC now owns 309,350 shares of the financial services provider’s stock worth $13,079,000 after buying an additional 34,203 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Fifth Third Bancorp by 15.1% in the 3rd quarter. QRG Capital Management Inc. now owns 71,858 shares of the financial services provider’s stock valued at $3,078,000 after buying an additional 9,444 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Fifth Third Bancorp by 13.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 460,549 shares of the financial services provider’s stock valued at $19,776,000 after buying an additional 55,081 shares during the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of Fifth Third Bancorp in the third quarter worth $541,000. Finally, Nordea Investment Management AB lifted its position in shares of Fifth Third Bancorp by 8.9% in the fourth quarter. Nordea Investment Management AB now owns 666,028 shares of the financial services provider’s stock valued at $28,286,000 after acquiring an additional 54,463 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

About Fifth Third Bancorp

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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.

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Earnings History and Estimates for Fifth Third Bancorp (NASDAQ:FITB)

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