Zacks Research Has Bearish Forecast for FITB Q1 Earnings

Fifth Third Bancorp (NASDAQ:FITB) – Stock analysts at Zacks Research reduced their Q1 2027 earnings estimates for Fifth Third Bancorp in a research note issued on Thursday, April 10th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $1.06 per share for the quarter, down from their previous estimate of $1.13. 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 $4.54 EPS.

A number of other research firms also recently weighed in on FITB. Piper Sandler reiterated an “overweight” rating and issued a $53.00 price target (down from $54.00) on shares of Fifth Third Bancorp in a research report on Wednesday, January 22nd. Robert W. Baird upgraded Fifth Third Bancorp from a “neutral” rating to an “outperform” rating and set a $47.00 target price for the company in a research report on Monday. JPMorgan Chase & Co. decreased their price target on Fifth Third Bancorp from $49.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley reduced their price objective on shares of 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. Finally, Citigroup dropped their target price 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. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.12.

Fifth Third Bancorp Stock Performance

NASDAQ FITB opened at $33.83 on Friday. The firm has a 50-day moving average price of $40.30 and a two-hundred day moving average price of $43.00. Fifth Third Bancorp has a 12-month low of $32.25 and a 12-month high of $49.07. The company has a market capitalization of $22.60 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.42 and a beta of 0.99. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.82.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FITB. Breakwater Capital Group lifted its position in shares of Fifth Third Bancorp by 7.3% during the 1st quarter. Breakwater Capital Group now owns 9,733 shares of the financial services provider’s stock worth $382,000 after buying an additional 658 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Fifth Third Bancorp by 9.6% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,502 shares of the financial services provider’s stock worth $490,000 after acquiring an additional 1,098 shares during the period. Secure Asset Management LLC purchased a new position in Fifth Third Bancorp in the first quarter worth $2,051,000. Sentry Investment Management LLC bought a new position in Fifth Third Bancorp in the 1st quarter valued at $89,000. Finally, Merit Financial Group LLC increased its position in shares of Fifth Third Bancorp by 25.3% during the 1st quarter. Merit Financial Group LLC now owns 20,595 shares of the financial services provider’s stock valued at $807,000 after purchasing an additional 4,155 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

Insider Activity

In other Fifth Third Bancorp news, EVP Kevin P. Lavender sold 21,700 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $43.55, for a total transaction of $945,035.00. Following the completion of the sale, the executive vice president now directly owns 130,856 shares of the company’s stock, valued at approximately $5,698,778.80. The trade was a 14.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $761,272.00. Following the transaction, the chief operating officer now 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 disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

Fifth Third Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.37 per share. The ex-dividend date is Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.37%. Fifth Third Bancorp’s dividend payout ratio (DPR) 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.