DA Davidson Issues Pessimistic Forecast for FITB Earnings

Fifth Third Bancorp (NASDAQ:FITB) – Analysts at DA Davidson lowered their Q2 2025 earnings per share estimates for shares of Fifth Third Bancorp in a note issued to investors on Friday, June 27th. DA Davidson analyst P. Winter now forecasts that the financial services provider will post earnings of $0.88 per share for the quarter, down from their prior forecast of $0.90. DA Davidson has a “Strong-Buy” rating and a $47.00 price objective on the stock. The consensus estimate for Fifth Third Bancorp’s current full-year earnings is $3.68 per share.

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

Several other equities analysts have also recently commented on FITB. Cowen assumed coverage on Fifth Third Bancorp in a research report on Wednesday, May 14th. They set a “buy” rating for the company. JPMorgan Chase & Co. cut their price objective on Fifth Third Bancorp from $49.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Robert W. Baird raised shares of Fifth Third Bancorp from a “neutral” rating to an “outperform” rating and set a $47.00 target price on the stock in a research note on Monday, April 7th. Citigroup dropped 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. Finally, Barclays decreased their price target on shares of Fifth Third Bancorp from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Fifth Third Bancorp currently has an average rating of “Moderate Buy” and an average target price of $47.53.

Fifth Third Bancorp Stock Down 0.9%

FITB opened at $41.13 on Monday. The firm has a market capitalization of $27.45 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90. Fifth Third Bancorp has a one year low of $32.25 and a one year high of $49.07. The company has a fifty day moving average price of $38.24 and a 200-day moving average price of $40.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.81 and a quick ratio of 0.80.

Fifth Third Bancorp announced that its board has initiated a stock buyback program on Monday, June 16th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Fifth Third Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, June 30th. This represents a $1.48 annualized dividend and a yield of 3.60%. Fifth Third Bancorp’s payout ratio is 46.98%.

Hedge Funds Weigh In On Fifth Third Bancorp

A number of large investors have recently bought and sold shares of the stock. Quarry LP purchased a new position in shares of Fifth Third Bancorp in the fourth quarter worth $29,000. HWG Holdings LP bought a new stake in Fifth Third Bancorp in the 1st quarter worth $27,000. Banque Transatlantique SA purchased a new position in shares of Fifth Third Bancorp in the first quarter valued at about $27,000. Larson Financial Group LLC raised its stake in shares of Fifth Third Bancorp by 91.3% during the first quarter. Larson Financial Group LLC now owns 748 shares of the financial services provider’s stock valued at $29,000 after acquiring 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% during the fourth quarter. REAP Financial Group LLC now owns 788 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 487 shares during the last quarter. 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.