FY2025 EPS Forecast for Fifth Third Bancorp Cut by Analyst

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

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

Several other brokerages have also issued reports on FITB. Piper Sandler raised their price target on shares of Fifth Third Bancorp from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Barclays raised their target price on Fifth Third Bancorp from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley upped their price target on Fifth Third Bancorp from $47.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, September 30th. Keefe, Bruyette & Woods lifted their price objective on Fifth Third Bancorp from $45.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, StockNews.com downgraded shares of Fifth Third Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.32.

Fifth Third Bancorp Price Performance

Fifth Third Bancorp stock opened at $43.04 on Monday. The company’s 50 day moving average price is $45.61 and its two-hundred day moving average price is $42.00. 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 market cap of $28.86 billion, a P/E ratio of 14.30, a P/E/G ratio of 2.19 and a beta of 1.22. Fifth Third Bancorp has a 52 week low of $32.29 and a 52 week high of $49.07.

Fifth Third Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Tuesday, December 31st. Fifth Third Bancorp’s payout ratio is 49.17%.

Insider Activity

In related news, EVP Kristine R. Garrett sold 7,500 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $43.67, for a total transaction of $327,525.00. Following the transaction, the executive vice president now directly owns 55,913 shares of the company’s stock, valued at approximately $2,441,720.71. This trade represents a 11.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FITB. Retirement Systems of Alabama raised its position in Fifth Third Bancorp by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 150,892 shares of the financial services provider’s stock worth $5,506,000 after purchasing an additional 558 shares during the period. Independence Bank of Kentucky grew its position in Fifth Third Bancorp by 20.2% during the 2nd quarter. Independence Bank of Kentucky now owns 2,450 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 412 shares during the last quarter. Raymond James Trust N.A. increased its stake 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 worth $1,495,000 after purchasing an additional 579 shares during the period. Bailard Inc. lifted its position in Fifth Third Bancorp by 0.5% in the second quarter. Bailard Inc. now owns 51,657 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 264 shares during the last quarter. Finally, Atomi Financial Group Inc. purchased a new stake in shares of Fifth Third Bancorp during the second quarter valued at approximately $219,000. 83.79% of the stock is currently owned by institutional investors.

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.