What is DA Davidson’s Forecast for FITB FY2025 Earnings?

Fifth Third Bancorp (NASDAQ:FITB) – DA Davidson raised their FY2025 EPS estimates for shares of Fifth Third Bancorp in a note issued to investors on Tuesday, June 10th. DA Davidson analyst P. Winter now forecasts that the financial services provider will post earnings per share of $3.62 for the year, up from their previous forecast of $3.58. DA Davidson has a “Strong-Buy” rating and a $47.00 price target on the stock. The consensus estimate for Fifth Third Bancorp’s current full-year earnings is $3.68 per share. DA Davidson also issued estimates for Fifth Third Bancorp’s FY2026 earnings at $4.10 EPS.

A number of other equities analysts have also commented on FITB. Keefe, Bruyette & Woods cut their price objective on Fifth Third Bancorp from $47.00 to $42.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st. Barclays dropped 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 research report on Monday, April 21st. Morgan Stanley dropped their price target on shares of Fifth Third Bancorp from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Citigroup dropped their target price on shares of Fifth Third Bancorp from $52.00 to $43.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Finally, Wells Fargo & Company boosted their target price on shares of Fifth Third Bancorp from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Fifth Third Bancorp has an average rating of “Moderate Buy” and a consensus target price of $47.53.

Fifth Third Bancorp Stock Down 0.4%

Shares of FITB opened at $38.98 on Thursday. The company has a market capitalization of $26.02 billion, a PE ratio of 12.41, a PEG ratio of 1.42 and a beta of 0.90. Fifth Third Bancorp has a 12 month low of $32.25 and a 12 month high of $49.07. The stock’s 50-day moving average price is $36.94 and its two-hundred day moving average price is $40.75. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.82.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. Fifth Third Bancorp had a net margin of 17.43% and a return on equity of 14.10%. During the same quarter in the previous year, the business earned $0.70 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FITB. Stratos Wealth Partners LTD. raised its holdings in shares of Fifth Third Bancorp by 23.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 11,206 shares of the financial services provider’s stock worth $474,000 after acquiring an additional 2,163 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Fifth Third Bancorp by 46.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 16,825 shares of the financial services provider’s stock worth $711,000 after purchasing an additional 5,366 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Fifth Third Bancorp by 8.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 15,858 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 1,193 shares during the last quarter. Savant Capital LLC raised its stake in shares of Fifth Third Bancorp by 10.6% in the fourth quarter. Savant Capital LLC now owns 21,906 shares of the financial services provider’s stock worth $926,000 after purchasing an additional 2,104 shares during the last quarter. Finally, Kentucky Trust Co purchased a new stake in shares of Fifth Third Bancorp in the fourth quarter worth approximately $987,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Fifth Third Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.80%. Fifth Third Bancorp’s payout ratio is 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.