Zacks Research Issues Pessimistic Estimate for FITB Earnings

Fifth Third Bancorp (NASDAQ:FITB) – Equities research analysts at Zacks Research dropped their Q1 2027 earnings per share (EPS) estimates for shares of Fifth Third Bancorp in a research report issued on Tuesday, July 1st. Zacks Research analyst R. Department now expects that the financial services provider will earn $1.04 per share for the quarter, down from their prior estimate of $1.05. The consensus estimate for Fifth Third Bancorp’s current full-year earnings is $3.68 per share. Zacks Research also issued estimates for Fifth Third Bancorp’s FY2027 earnings at $4.32 EPS.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company increased their price target on Fifth Third Bancorp from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 10th. DA Davidson raised Fifth Third Bancorp from a “hold” rating to a “strong-buy” rating and increased their price target for the stock from $42.00 to $47.00 in a research report on Monday, June 9th. TD Cowen began coverage on Fifth Third Bancorp in a research report on Thursday, May 15th. They set a “buy” rating and a $52.00 price target on the stock. Baird R W raised Fifth Third Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Finally, Citigroup dropped their price objective on Fifth Third Bancorp from $52.00 to $43.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.53.

Fifth Third Bancorp Price Performance

FITB opened at $43.37 on Thursday. Fifth Third Bancorp has a 12-month low of $32.25 and a 12-month high of $49.07. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. The business’s fifty day simple moving average is $38.87 and its 200-day simple moving average is $40.06. The company has a market capitalization of $28.95 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.50 and a beta of 0.91.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Fifth Third Bancorp had a return on equity of 13.64% and a net margin of 17.65%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company earned $0.70 EPS.

Institutional Investors Weigh In On Fifth Third Bancorp

Several institutional investors have recently added to or reduced their stakes in FITB. HWG Holdings LP acquired a new stake in Fifth Third Bancorp in the first quarter worth about $27,000. Banque Transatlantique SA acquired a new stake in Fifth Third Bancorp in the first quarter worth about $27,000. Quarry LP purchased a new position in shares of Fifth Third Bancorp in the fourth quarter worth about $29,000. Larson Financial Group LLC raised its stake in shares of Fifth Third Bancorp by 91.3% in the first quarter. Larson Financial Group LLC now owns 748 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 357 shares during the last quarter. Finally, REAP Financial Group LLC raised its stake in shares of Fifth Third Bancorp by 161.8% in the fourth quarter. REAP Financial Group LLC now owns 788 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 487 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Fifth Third Bancorp declared that its Board of Directors has initiated a stock repurchase program on Monday, June 16th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Fifth Third Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Monday, June 30th. Fifth Third Bancorp’s dividend 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.