DA Davidson Has Negative Outlook for FITB FY2025 Earnings

Fifth Third Bancorp (NASDAQ:FITB) – Stock analysts at DA Davidson dropped their FY2025 EPS estimates for shares of Fifth Third Bancorp in a note issued to investors on Wednesday, April 2nd. DA Davidson analyst P. Winter now anticipates that the financial services provider will post earnings per share of $3.61 for the year, down from their prior estimate of $3.68. 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 $3.68 per share.

Other research analysts have also issued research reports about the company. Morgan Stanley lowered their price objective on Fifth Third Bancorp from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Barclays lifted their price target on shares of Fifth Third Bancorp from $51.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on shares of Fifth Third Bancorp from $49.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday. Truist Financial lifted their target price on shares of Fifth Third Bancorp from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company lowered their price target on Fifth Third Bancorp from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Fifth Third Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.19.

Fifth Third Bancorp Price Performance

NASDAQ FITB opened at $33.75 on Friday. Fifth Third Bancorp has a fifty-two week low of $32.75 and a fifty-two week high of $49.07. The stock’s 50-day moving average is $41.50 and its two-hundred day moving average is $43.35. The firm has a market cap of $22.55 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 1.42 and a beta of 0.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.80 and a quick ratio of 0.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FITB. Retirement Wealth Solutions LLC acquired a new position in Fifth Third Bancorp in the fourth quarter worth $25,000. Sierra Ocean LLC bought a new position in shares of Fifth Third Bancorp in the fourth quarter valued at about $28,000. BankPlus Trust Department acquired a new position in Fifth Third Bancorp during the 4th quarter worth about $29,000. Quarry LP acquired a new stake in Fifth Third Bancorp in the 4th quarter valued at about $29,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Fifth Third Bancorp in the 4th quarter valued at about $33,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fifth Third Bancorp

In other news, EVP Kevin P. Lavender sold 21,700 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $43.55, for a total value of $945,035.00. Following the sale, the executive vice president now owns 130,856 shares in the company, valued at approximately $5,698,778.80. The trade was a 14.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO James C. Leonard sold 17,200 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $44.26, for a total transaction of $761,272.00. Following the sale, the chief operating officer now owns 244,487 shares of the company’s stock, valued at $10,820,994.62. This trade represents a 6.57 % decrease in their position. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Monday, March 31st. Fifth Third Bancorp’s dividend payout ratio is 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.