DA Davidson Has Negative Estimate for FITB FY2025 Earnings

Fifth Third Bancorp (NASDAQ:FITB) – Equities research analysts at DA Davidson decreased their FY2025 EPS estimates for Fifth Third Bancorp in a research report issued on Thursday, December 19th. DA Davidson analyst P. Winter now expects that the financial services provider will earn $3.58 per share for the year, down from their prior estimate of $3.63. The consensus estimate for Fifth Third Bancorp’s current full-year earnings is $3.34 per share.

Several other equities research analysts have also recently commented on FITB. Citigroup lifted their price target on shares of Fifth Third Bancorp from $43.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Baird R W lowered shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. StockNews.com downgraded Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Barclays lifted their price objective on Fifth Third Bancorp from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods increased their target price on Fifth Third Bancorp from $45.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.32.

Fifth Third Bancorp Price Performance

Shares of FITB stock opened at $42.93 on Monday. The firm has a market cap of $28.79 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 2.19 and a beta of 1.22. Fifth Third Bancorp has a 12 month low of $32.29 and a 12 month high of $49.07. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $45.64 and a 200 day moving average price of $41.91.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). Fifth Third Bancorp had a net margin of 16.58% and a return on equity of 14.58%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Retirement Systems of Alabama boosted its holdings in shares of Fifth Third Bancorp by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 150,892 shares of the financial services provider’s stock worth $5,506,000 after buying an additional 558 shares during the period. Independence Bank of Kentucky boosted its stake in Fifth Third Bancorp by 20.2% in the 2nd quarter. Independence Bank of Kentucky now owns 2,450 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 412 shares during the period. Raymond James Trust N.A. grew its holdings in Fifth Third Bancorp by 1.4% in the 2nd quarter. Raymond James Trust N.A. now owns 40,972 shares of the financial services provider’s stock valued at $1,495,000 after buying an additional 579 shares in the last quarter. Bailard Inc. increased its position in Fifth Third Bancorp by 0.5% during the 2nd quarter. Bailard Inc. now owns 51,657 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 264 shares during the period. Finally, Atomi Financial Group Inc. acquired a new stake in shares of Fifth Third Bancorp during the second quarter worth $219,000. Institutional investors own 83.79% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kristine R. Garrett sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $43.67, for a total transaction of $327,525.00. Following the sale, the executive vice president now owns 55,913 shares in the company, valued at $2,441,720.71. This represents a 11.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.50% of the stock is owned by corporate insiders.

Fifth Third Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Tuesday, December 31st. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 49.17%.

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.