Fifth Third Bancorp (NASDAQ:FITB) Raised to “Strong-Buy” at DA Davidson

DA Davidson upgraded shares of Fifth Third Bancorp (NASDAQ:FITB) from a hold rating to a strong-buy rating in a research report sent to investors on Monday, MarketBeat.com reports. They currently have $47.00 price target on the financial services provider’s stock, up from their prior price target of $42.00. DA Davidson also issued estimates for Fifth Third Bancorp’s Q2 2025 earnings at $0.90 EPS.

A number of other brokerages have also issued reports on FITB. Robert W. Baird raised Fifth Third Bancorp from a “neutral” rating to an “outperform” rating and set a $47.00 target price on the stock in a research report on Monday, April 7th. Cowen initiated coverage on shares of Fifth Third Bancorp in a report on Wednesday, May 14th. They set a “buy” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $47.00 price objective on shares of Fifth Third Bancorp in a research report on Monday, February 10th. Citigroup reduced their price objective on Fifth Third Bancorp from $52.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Finally, Keefe, Bruyette & Woods dropped their target price on Fifth Third Bancorp from $47.00 to $42.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.53.

Fifth Third Bancorp Trading Down 1.6%

FITB stock opened at $39.14 on Monday. The business has a 50 day simple moving average of $36.85 and a two-hundred day simple moving average of $40.82. Fifth Third Bancorp has a 1-year low of $32.25 and a 1-year high of $49.07. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $26.13 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.42 and a beta of 0.90.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.17 billion. Fifth Third Bancorp had a net margin of 17.43% and a return on equity of 14.10%. During the same quarter in the prior year, the company posted $0.70 earnings per share. Research analysts anticipate that Fifth Third Bancorp will post 3.68 EPS for the current fiscal year.

Fifth Third Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.48 annualized dividend and a yield of 3.78%. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 46.98%.

Institutional Investors Weigh In On Fifth Third Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. HWG Holdings LP purchased a new stake in Fifth Third Bancorp in the 1st quarter valued at $27,000. Banque Transatlantique SA acquired a new position in shares of Fifth Third Bancorp during the first quarter worth approximately $27,000. Sierra Ocean LLC bought a new position in Fifth Third Bancorp during the fourth quarter valued at about $28,000. BankPlus Trust Department acquired a new stake in Fifth Third Bancorp during the 4th quarter valued at $29,000. Finally, Quarry LP purchased a new position in Fifth Third Bancorp during the 4th quarter valued at about $29,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

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.