Fifth Third Bancorp (NASDAQ:FITB) Price Target Lowered to $42.00 at DA Davidson

Fifth Third Bancorp (NASDAQ:FITB) had its price objective cut by DA Davidson from $45.00 to $42.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s target price would indicate a potential upside of 21.21% from the company’s current price. DA Davidson also issued estimates for Fifth Third Bancorp’s Q2 2025 earnings at $0.91 EPS, FY2025 earnings at $3.58 EPS and FY2026 earnings at $4.04 EPS.

A number of other analysts also recently weighed in on FITB. Citigroup decreased their target price on shares of Fifth Third Bancorp from $52.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Baird R W upgraded shares of Fifth Third Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. JPMorgan Chase & Co. dropped 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 report on Thursday, April 3rd. Truist Financial increased their price target on Fifth Third Bancorp from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods cut their target price on Fifth Third Bancorp from $47.00 to $42.00 and set a “market perform” rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.24.

Fifth Third Bancorp Stock Up 4.0 %

NASDAQ:FITB opened at $34.65 on Monday. The company has a market cap of $23.15 billion, a PE ratio of 11.04, a P/E/G ratio of 1.42 and a beta of 0.99. The firm’s 50 day simple moving average is $38.78 and its 200 day simple moving average is $42.55. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.80 and a quick ratio of 0.80. Fifth Third Bancorp has a one year low of $32.25 and a one year high of $49.07.

Fifth Third Bancorp (NASDAQ:FITB) last announced its earnings results on Thursday, April 17th. The financial services provider reported $0.73 EPS for the quarter, topping 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 return on equity of 14.10% and a net margin of 17.43%. During the same period in the previous year, the business earned $0.70 EPS. On average, research analysts anticipate that Fifth Third Bancorp will post 3.68 earnings per share for the current year.

Insider Buying and Selling at Fifth Third Bancorp

In other Fifth Third Bancorp news, COO James C. Leonard sold 17,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $44.26, for a total transaction of $761,272.00. Following the completion of the sale, the chief operating officer now directly owns 244,487 shares of the company’s stock, valued at approximately $10,820,994.62. The trade was a 6.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kevin P. Lavender sold 21,700 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $43.55, for a total value of $945,035.00. Following the completion of the sale, the executive vice president now directly owns 130,856 shares of the company’s stock, valued at approximately $5,698,778.80. This trade represents a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fifth Third Bancorp

A number of hedge funds have recently bought and sold shares of the company. HWG Holdings LP purchased a new position in Fifth Third Bancorp during the first quarter worth about $27,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Fifth Third Bancorp by 3.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 88,770 shares of the financial services provider’s stock worth $3,480,000 after buying an additional 2,925 shares during the last quarter. Heartland Bank & Trust Co bought a new position in shares of Fifth Third Bancorp in the first quarter valued at approximately $1,011,000. Midwest Financial Group LLC increased its position in shares of Fifth Third Bancorp by 10.1% during the first quarter. Midwest Financial Group LLC now owns 15,300 shares of the financial services provider’s stock valued at $600,000 after acquiring an additional 1,398 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new stake in Fifth Third Bancorp during the first quarter worth $2,803,000. 83.79% of the stock is owned by hedge funds and other 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.