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

Fifth Third Bancorp (NASDAQ:FITB) – Analysts at DA Davidson lifted their FY2025 earnings per share estimates for shares of Fifth Third Bancorp in a note issued to investors on Thursday, January 23rd. DA Davidson analyst P. Winter now forecasts that the financial services provider will post earnings of $4.14 per share for the year, up from their previous estimate of $3.58. DA Davidson has a “Neutral” rating and a $50.00 price objective on the stock. The consensus estimate for Fifth Third Bancorp’s current full-year earnings is $3.62 per share.

Other research analysts also recently issued research reports about the stock. Baird R W downgraded shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Evercore ISI increased their price target on shares of Fifth Third Bancorp from $46.00 to $47.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 2nd. Piper Sandler reissued an “overweight” rating and set a $53.00 price objective (down from $54.00) on shares of Fifth Third Bancorp in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price on Fifth Third Bancorp from $45.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Truist Financial boosted their price target on Fifth Third Bancorp from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Fifth Third Bancorp currently has a consensus rating of “Hold” and an average target price of $46.75.

Fifth Third Bancorp Stock Performance

Fifth Third Bancorp stock opened at $44.78 on Monday. The stock has a fifty day moving average price of $44.69 and a 200 day moving average price of $43.22. The company has a current ratio of 0.80, a quick ratio of 0.82 and a debt-to-equity ratio of 0.82. Fifth Third Bancorp has a 52 week low of $32.29 and a 52 week high of $49.07. The firm has a market capitalization of $30.03 billion, a P/E ratio of 14.26, a PEG ratio of 1.91 and a beta of 1.24.

Institutional Trading of Fifth Third Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in FITB. Retirement Wealth Solutions LLC bought a new position in shares of Fifth Third Bancorp during the fourth quarter worth about $25,000. Venturi Wealth Management LLC increased its holdings in shares of Fifth Third Bancorp by 89.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 669 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 316 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in Fifth Third Bancorp in the third quarter worth $36,000. Y.D. More Investments Ltd increased its stake in Fifth Third Bancorp by 118.5% during the fourth quarter. Y.D. More Investments Ltd now owns 828 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 449 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Fifth Third Bancorp by 56.9% during the third quarter. Hexagon Capital Partners LLC now owns 860 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 312 shares during the period. Institutional investors own 83.79% of the company’s stock.

Fifth Third Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 3.31%. Fifth Third Bancorp’s payout ratio is currently 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.