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

Fifth Third Bancorp (NASDAQ:FITB) – Research analysts at DA Davidson lowered their FY2025 earnings estimates for Fifth Third Bancorp in a report released on Wednesday, April 2nd. DA Davidson analyst P. Winter now forecasts that the financial services provider will earn $3.61 per share for the year, down from their prior estimate of $3.68. DA Davidson has a “Neutral” rating and a $50.00 price target on the stock. The consensus estimate for Fifth Third Bancorp’s current full-year earnings is $3.68 per share.

Other equities analysts also recently issued research reports about the company. Morgan Stanley lowered their price target on 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. Stephens reissued an “equal weight” rating and issued a $51.00 price target on shares of Fifth Third Bancorp in a research note on Wednesday, March 5th. Citigroup reduced their price objective 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. Piper Sandler reaffirmed an “overweight” rating and set a $53.00 price objective (down from $54.00) on shares of Fifth Third Bancorp in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company cut their target price on shares of Fifth Third Bancorp from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.19.

Fifth Third Bancorp Trading Down 4.8 %

FITB stock opened at $33.75 on Friday. Fifth Third Bancorp has a 52-week low of $32.75 and a 52-week high of $49.07. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.82. The firm has a market cap of $22.55 billion, a P/E ratio of 10.75, a PEG ratio of 1.42 and a beta of 0.99. The company’s 50-day simple moving average is $41.50 and its 200-day simple moving average is $43.36.

Institutional Investors Weigh In On Fifth Third Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eads & Heald Wealth Management increased its position in shares of Fifth Third Bancorp by 3.0% during the 4th quarter. Eads & Heald Wealth Management now owns 8,201 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 235 shares during the last quarter. Valley National Advisers Inc. increased its position in shares of Fifth Third Bancorp by 3.6% during the fourth quarter. Valley National Advisers Inc. now owns 6,763 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 236 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Fifth Third Bancorp by 4.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 5,475 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 246 shares during the period. Brooklyn Investment Group lifted its holdings in shares of Fifth Third Bancorp by 9.1% in the 4th quarter. Brooklyn Investment Group now owns 3,093 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 257 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Fifth Third Bancorp by 16.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,861 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 261 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Buying and Selling

In related news, COO James C. Leonard sold 17,200 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were 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 in the company, valued at approximately $10,820,994.62. This trade represents a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin P. Lavender sold 21,700 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $43.55, for a total transaction of $945,035.00. Following the completion of the transaction, the executive vice president now owns 130,856 shares in the company, valued at $5,698,778.80. The trade was 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.

Fifth Third Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.37 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 4.39%. Fifth Third Bancorp’s dividend payout ratio is presently 47.13%.

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.