DA Davidson Has Lowered Expectations for Fifth Third Bancorp (NASDAQ:FITB) Stock Price

Fifth Third Bancorp (NASDAQ:FITB) had its price target trimmed by DA Davidson from $45.00 to $42.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock. DA Davidson also issued estimates for Fifth Third Bancorp’s Q2 2025 earnings at $0.91 EPS, FY2025 earnings at $3.58 EPS and FY2026 earnings at $4.04 EPS.

Several other equities research analysts also recently weighed in on FITB. Robert W. Baird upgraded shares of Fifth Third Bancorp from a “neutral” rating to an “outperform” rating and set a $47.00 target price for the company in a research note on Monday, April 7th. Morgan Stanley dropped their target price on Fifth Third Bancorp from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $47.00 price target on shares of Fifth Third Bancorp in a research note on Monday, February 10th. JPMorgan Chase & Co. lowered their price target 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. Finally, Baird R W upgraded shares of Fifth Third Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Fifth Third Bancorp currently has an average rating of “Moderate Buy” and an average target price of $46.24.

Fifth Third Bancorp Trading Up 1.2 %

FITB opened at $35.08 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.82. The firm has a market cap of $23.43 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.42 and a beta of 0.99. Fifth Third Bancorp has a 12 month low of $32.25 and a 12 month high of $49.07. The stock has a fifty day moving average price of $38.60 and a 200-day moving average price of $42.50.

Fifth Third Bancorp (NASDAQ:FITB) last announced its 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. Fifth Third Bancorp had a net margin of 17.43% and a return on equity of 14.10%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the company posted $0.70 earnings per share. As a group, equities research analysts anticipate that Fifth Third Bancorp will post 3.68 earnings per share for the current fiscal year.

Fifth Third Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.37 per share. The ex-dividend date was Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.22%. Fifth Third Bancorp’s payout ratio is currently 46.98%.

Insider Transactions at Fifth Third Bancorp

In related news, EVP Kevin P. Lavender sold 21,700 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $43.55, for a total value of $945,035.00. Following the completion of the transaction, the executive vice president now directly owns 130,856 shares in the company, valued at $5,698,778.80. The trade was a 14.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO James C. Leonard sold 17,200 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $44.26, for a total transaction of $761,272.00. Following the sale, the chief operating officer now owns 244,487 shares in the company, valued at approximately $10,820,994.62. This represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On Fifth Third Bancorp

Hedge funds have recently modified their holdings of the company. World Investment Advisors LLC purchased a new position in Fifth Third Bancorp during the third quarter worth approximately $263,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Fifth Third Bancorp during the 3rd quarter worth approximately $191,000. Tidal Investments LLC lifted its position in shares of Fifth Third Bancorp by 10.0% during the 3rd quarter. Tidal Investments LLC now owns 24,952 shares of the financial services provider’s stock valued at $1,069,000 after buying an additional 2,265 shares in the last quarter. Franklin Resources Inc. grew its stake in Fifth Third Bancorp by 8.1% in the 3rd quarter. Franklin Resources Inc. now owns 5,476,374 shares of the financial services provider’s stock valued at $242,713,000 after acquiring an additional 409,292 shares during the period. Finally, 1ST Source Bank purchased a new stake in Fifth Third Bancorp in the 3rd quarter worth $211,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

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.