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

Fifth Third Bancorp (NASDAQ:FITB) – Analysts at DA Davidson upped their FY2025 earnings per share estimates for Fifth Third Bancorp in a report released on Monday, October 20th. DA Davidson analyst P. Winter now expects that the financial services provider will earn $3.57 per share for the year, up from their prior forecast of $3.52. DA Davidson has a “Buy” rating and a $52.00 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 $4.14 EPS.

A number of other analysts have also recently commented on the stock. Stephens set a $52.00 price target on shares of Fifth Third Bancorp and gave the company an “overweight” rating in a research report on Tuesday, October 14th. TD Cowen upped their price target on shares of Fifth Third Bancorp from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Monday. Wolfe Research upped their price target on shares of Fifth Third Bancorp from $52.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday. Keefe, Bruyette & Woods upped their price target on shares of Fifth Third Bancorp from $47.00 to $50.00 and gave the company a “market perform” rating in a research report on Tuesday, October 7th. Finally, Janney Montgomery Scott upped their price target on shares of Fifth Third Bancorp from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.45.

Fifth Third Bancorp Stock Performance

Shares of FITB opened at $42.17 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $27.91 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 1.13 and a beta of 0.95. The firm’s fifty day simple moving average is $44.30 and its two-hundred day simple moving average is $40.92. Fifth Third Bancorp has a 12 month low of $32.25 and a 12 month high of $49.07.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings results on Friday, October 17th. The financial services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Fifth Third Bancorp had a net margin of 18.67% and a return on equity of 13.41%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share.

Hedge Funds Weigh In On Fifth Third Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tiemann Investment Advisors LLC lifted its position in Fifth Third Bancorp by 3.9% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 6,700 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 250 shares in the last quarter. CENTRAL TRUST Co lifted its position in Fifth Third Bancorp by 4.1% in the 2nd quarter. CENTRAL TRUST Co now owns 6,620 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 260 shares in the last quarter. Harbour Investments Inc. lifted its position in Fifth Third Bancorp by 11.9% in the 2nd quarter. Harbour Investments Inc. now owns 2,481 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 263 shares in the last quarter. Trust Co. of Vermont lifted its position in Fifth Third Bancorp by 17.9% in the 3rd quarter. Trust Co. of Vermont now owns 1,761 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 267 shares in the last quarter. Finally, HBK Sorce Advisory LLC lifted its position in Fifth Third Bancorp by 0.7% in the 3rd quarter. HBK Sorce Advisory LLC now owns 36,083 shares of the financial services provider’s stock valued at $1,549,000 after acquiring an additional 267 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Fifth Third Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.40 per share. This is a boost from Fifth Third Bancorp’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.8%. Fifth Third Bancorp’s payout ratio is currently 47.76%.

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.