Q1 EPS Forecast for Fifth Third Bancorp Lowered by Analyst

Fifth Third Bancorp (NASDAQ:FITB) – Zacks Research lowered their Q1 2027 earnings per share estimates for Fifth Third Bancorp in a research report issued on Tuesday, July 1st. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $1.04 for the quarter, down from their prior estimate of $1.05. The consensus estimate for Fifth Third Bancorp’s current full-year earnings is $3.68 per share. Zacks Research also issued estimates for Fifth Third Bancorp’s FY2027 earnings at $4.32 EPS.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Fifth Third Bancorp had a net margin of 17.65% and a return on equity of 13.64%. During the same quarter last year, the company earned $0.70 EPS.

Other equities analysts have also issued reports about the company. Barclays decreased their price objective on Fifth Third Bancorp from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price target on Fifth Third Bancorp from $47.00 to $42.00 and set a “market perform” rating for the company in a research note on Monday, April 21st. Wells Fargo & Company lifted their price objective on shares of Fifth Third Bancorp from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, June 10th. Cowen started coverage on shares of Fifth Third Bancorp in a research note on Wednesday, May 14th. They set a “buy” rating on the stock. Finally, Jefferies Financial Group started coverage on shares of Fifth Third Bancorp in a research note on Wednesday, May 21st. They issued a “buy” rating and a $47.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fifth Third Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $47.53.

Fifth Third Bancorp Price Performance

NASDAQ FITB opened at $43.13 on Thursday. The company has a 50-day moving average price of $38.56 and a two-hundred day moving average price of $40.09. The stock has a market cap of $28.79 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.47 and a beta of 0.91. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. Fifth Third Bancorp has a 52 week low of $32.25 and a 52 week high of $49.07.

Fifth Third Bancorp announced that its Board of Directors has approved a share buyback program on Monday, June 16th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Fifth Third Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.37 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.43%. Fifth Third Bancorp’s dividend payout ratio is currently 46.98%.

Institutional Trading of Fifth Third Bancorp

Hedge funds have recently bought and sold shares of the company. Boston Partners lifted its position in shares of Fifth Third Bancorp by 6.2% in the 4th quarter. Boston Partners now owns 14,135,430 shares of the financial services provider’s stock valued at $597,692,000 after acquiring an additional 823,803 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Fifth Third Bancorp by 27.3% in the fourth quarter. Deutsche Bank AG now owns 2,046,701 shares of the financial services provider’s stock valued at $86,535,000 after purchasing an additional 438,446 shares in the last quarter. Heartland Bank & Trust Co acquired a new stake in shares of Fifth Third Bancorp in the first quarter worth $1,011,000. Banco Santander S.A. purchased a new position in shares of Fifth Third Bancorp during the fourth quarter valued at $357,000. Finally, Fred Alger Management LLC raised its position in Fifth Third Bancorp by 29.5% during the fourth quarter. Fred Alger Management LLC now owns 65,867 shares of the financial services provider’s stock valued at $2,809,000 after buying an additional 15,023 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

About Fifth Third Bancorp

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.