DA Davidson upgraded shares of Fifth Third Bancorp (NASDAQ:FITB – Free Report) from a hold rating to a strong-buy rating in a report released on Monday, MarketBeat.com reports. The firm currently has $47.00 price target on the financial services provider’s stock, up from their prior price target of $42.00. DA Davidson also issued estimates for Fifth Third Bancorp’s Q2 2025 earnings at $0.90 EPS.
Other research analysts have also recently issued research reports about the company. Robert W. Baird raised Fifth Third Bancorp from a “neutral” rating to an “outperform” rating and set a $47.00 target price on the stock in a research note on Monday, April 7th. Stephens reissued an “equal weight” rating and issued a $51.00 price target on shares of Fifth Third Bancorp in a research report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $47.00 price objective on shares of Fifth Third Bancorp in a research report on Monday, February 10th. Citigroup reduced their price objective on shares of Fifth Third Bancorp from $52.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Finally, Baird R W raised shares of Fifth Third Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Fifth Third Bancorp has a consensus rating of “Moderate Buy” and an average price target of $47.53.
View Our Latest Analysis on Fifth Third Bancorp
Fifth Third Bancorp Price Performance
Fifth Third Bancorp (NASDAQ:FITB – Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Fifth Third Bancorp had a return on equity of 14.10% and a net margin of 17.43%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. On average, equities research analysts predict that Fifth Third Bancorp will post 3.68 EPS for the current year.
Fifth Third Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.37 per share. The ex-dividend date was Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 3.78%. Fifth Third Bancorp’s dividend payout ratio is currently 46.98%.
Institutional Investors Weigh In On Fifth Third Bancorp
Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in Fifth Third Bancorp by 6.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,908,401 shares of the financial services provider’s stock worth $898,009,000 after acquiring an additional 1,321,554 shares during the period. Invesco Ltd. raised its holdings in shares of Fifth Third Bancorp by 5.1% in the 1st quarter. Invesco Ltd. now owns 17,736,353 shares of the financial services provider’s stock valued at $695,265,000 after acquiring an additional 862,374 shares in the last quarter. Geode Capital Management LLC lifted its position in Fifth Third Bancorp by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 16,959,001 shares of the financial services provider’s stock valued at $715,219,000 after purchasing an additional 285,910 shares during the last quarter. Boston Partners raised its position in Fifth Third Bancorp by 6.2% during the fourth quarter. Boston Partners now owns 14,135,430 shares of the financial services provider’s stock valued at $597,692,000 after purchasing an additional 823,803 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Fifth Third Bancorp by 12.1% during the 4th quarter. First Trust Advisors LP now owns 9,531,485 shares of the financial services provider’s stock valued at $402,991,000 after buying an additional 1,027,044 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.
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.
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