What is DA Davidson’s Estimate for FITB FY2025 Earnings?

Fifth Third Bancorp (NASDAQ:FITB) – Analysts at DA Davidson upped their FY2025 earnings estimates for shares of Fifth Third Bancorp in a report issued on Tuesday, October 22nd. DA Davidson analyst P. Winter now expects that the financial services provider will post earnings per share of $3.63 for the year, up from their previous forecast of $3.59. The consensus estimate for Fifth Third Bancorp’s current full-year earnings is $3.31 per share.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.16 billion. Fifth Third Bancorp had a net margin of 17.41% and a return on equity of 15.79%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS.

FITB has been the subject of a number of other reports. Bank of America raised their price objective on shares of Fifth Third Bancorp from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Argus boosted their target price on shares of Fifth Third Bancorp from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Royal Bank of Canada increased their price target on shares of Fifth Third Bancorp from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Baird R W downgraded Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, StockNews.com raised Fifth Third Bancorp from a “sell” rating to a “hold” rating in a report on Monday. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.28.

Fifth Third Bancorp Stock Up 0.5 %

FITB opened at $43.87 on Thursday. The company has a market capitalization of $30.01 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.94 and a beta of 1.22. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s fifty day moving average price is $42.40 and its two-hundred day moving average price is $39.27. Fifth Third Bancorp has a fifty-two week low of $22.49 and a fifty-two week high of $45.71.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Capital World Investors lifted its position in Fifth Third Bancorp by 13.4% in the 1st quarter. Capital World Investors now owns 46,596,261 shares of the financial services provider’s stock valued at $1,733,847,000 after acquiring an additional 5,512,333 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Fifth Third Bancorp by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,757,854 shares of the financial services provider’s stock valued at $356,031,000 after purchasing an additional 281,494 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Fifth Third Bancorp by 4.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,679,671 shares of the financial services provider’s stock valued at $371,837,000 after purchasing an additional 399,827 shares in the last quarter. LSV Asset Management boosted its position in shares of Fifth Third Bancorp by 2.3% during the first quarter. LSV Asset Management now owns 4,434,700 shares of the financial services provider’s stock worth $165,015,000 after buying an additional 99,593 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Fifth Third Bancorp by 3.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,701,734 shares of the financial services provider’s stock worth $62,096,000 after buying an additional 56,298 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jude Schramm sold 20,000 shares of Fifth Third Bancorp stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $42.00, for a total transaction of $840,000.00. Following the transaction, the executive vice president now owns 114,422 shares in the company, valued at $4,805,724. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Fifth Third Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.37%. This is a boost from Fifth Third Bancorp’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, September 30th. Fifth Third Bancorp’s payout ratio is presently 46.98%.

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.