Fifth Third Bancorp (NASDAQ:FITB) Forecasted to Earn FY2026 Earnings of $3.62 Per Share

Fifth Third Bancorp (NASDAQ:FITBFree Report) – Analysts at Zacks Research boosted their FY2026 earnings per share estimates for shares of Fifth Third Bancorp in a research note issued to investors on Wednesday, June 5th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $3.62 for the year, up from their prior estimate of $3.61. The consensus estimate for Fifth Third Bancorp’s current full-year earnings is $3.27 per share.

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $40.00 price target (up from $39.00) on shares of Fifth Third Bancorp in a research note on Monday, April 22nd. Morgan Stanley reissued an “equal weight” rating and set a $36.00 target price on shares of Fifth Third Bancorp in a research report on Monday, April 22nd. Robert W. Baird reaffirmed a “neutral” rating and set a $32.00 price target on shares of Fifth Third Bancorp in a research report on Monday, April 1st. UBS Group reissued a “neutral” rating and issued a $39.00 price objective (down previously from $42.00) on shares of Fifth Third Bancorp in a research report on Thursday, April 4th. Finally, DA Davidson raised their target price on shares of Fifth Third Bancorp from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.86.

Check Out Our Latest Report on Fifth Third Bancorp

Fifth Third Bancorp Trading Up 0.1 %

Shares of FITB stock opened at $36.13 on Friday. The firm’s 50-day simple moving average is $36.74 and its 200-day simple moving average is $34.82. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81. Fifth Third Bancorp has a 1-year low of $22.49 and a 1-year high of $39.14. The firm has a market cap of $24.71 billion, a P/E ratio of 11.47, a PEG ratio of 2.52 and a beta of 1.24.

Fifth Third Bancorp (NASDAQ:FITBGet Free Report) last released its quarterly earnings results on Friday, April 19th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.05. The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Fifth Third Bancorp had a net margin of 17.70% and a return on equity of 16.11%. During the same period last year, the company earned $0.78 EPS.

Fifth Third Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Wednesday, March 27th. Fifth Third Bancorp’s dividend payout ratio is presently 44.44%.

Insider Activity

In related news, EVP Jude Schramm sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $37.50, for a total transaction of $93,750.00. Following the completion of the sale, the executive vice president now directly owns 136,922 shares of the company’s stock, valued at $5,134,575. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Jude Schramm sold 2,500 shares of Fifth Third Bancorp stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $37.50, for a total value of $93,750.00. Following the transaction, the executive vice president now directly owns 136,922 shares of the company’s stock, valued at $5,134,575. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kala Gibson sold 14,857 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $36.38, for a total transaction of $540,497.66. Following the completion of the sale, the executive vice president now owns 46,646 shares of the company’s stock, valued at approximately $1,696,981.48. The disclosure for this sale can be found here. Insiders sold a total of 48,857 shares of company stock worth $1,787,638 over the last 90 days. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fifth Third Bancorp

Large investors have recently made changes to their positions in the business. Financial Synergies Wealth Advisors Inc. bought a new position in Fifth Third Bancorp during the first quarter valued at approximately $29,000. GoalVest Advisory LLC raised its holdings in shares of Fifth Third Bancorp by 145.5% during the 4th quarter. GoalVest Advisory LLC now owns 945 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 560 shares in the last quarter. Denali Advisors LLC acquired a new stake in shares of Fifth Third Bancorp in the 4th quarter valued at $36,000. Financial Management Professionals Inc. boosted its holdings in Fifth Third Bancorp by 1,000.0% in the fourth quarter. Financial Management Professionals Inc. now owns 1,100 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in Fifth Third Bancorp during the fourth quarter worth $48,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

About Fifth Third Bancorp

(Get Free Report)

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.

See Also

Earnings History and Estimates for Fifth Third Bancorp (NASDAQ:FITB)

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