What is DA Davidson’s Estimate for FITB Q1 Earnings?

Fifth Third Bancorp (NASDAQ:FITB) – Analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Fifth Third Bancorp in a research report issued to clients and investors on Thursday, January 23rd. DA Davidson analyst P. Winter expects that the financial services provider will post earnings per share of $0.76 for the quarter. DA Davidson currently 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 equities analysts have also issued research reports about the company. StockNews.com lowered Fifth Third Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Evercore ISI raised their price target on Fifth Third Bancorp from $46.00 to $47.00 and gave the stock an “in-line” rating in a report on Wednesday, October 2nd. Piper Sandler reissued an “overweight” rating and set a $53.00 price target (down previously from $54.00) on shares of Fifth Third Bancorp in a report on Wednesday. Baird R W downgraded shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company raised their price objective on shares of Fifth Third Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.75.

Fifth Third Bancorp Stock Performance

NASDAQ FITB opened at $43.85 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.80 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 business’s 50-day moving average price is $44.85 and its 200 day moving average price is $43.02. The firm has a market cap of $29.40 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.91 and a beta of 1.24.

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 issued 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 3.38%. Fifth Third Bancorp’s dividend payout ratio is currently 47.13%.

Insiders Place Their Bets

In other news, EVP Kristine R. Garrett sold 7,500 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $43.67, for a total value of $327,525.00. Following the sale, the executive vice president now owns 55,913 shares in the company, valued at approximately $2,441,720.71. This represents a 11.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fifth Third Bancorp

A number of institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in Fifth Third Bancorp by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,774,462 shares of the financial services provider’s stock worth $889,978,000 after acquiring an additional 732,651 shares during the period. Zurich Insurance Group Ltd FI bought a new position in Fifth Third Bancorp in the 3rd quarter worth about $28,490,000. Millennium Management LLC grew its position in Fifth Third Bancorp by 896.7% in the 2nd quarter. Millennium Management LLC now owns 648,886 shares of the financial services provider’s stock worth $23,678,000 after purchasing an additional 583,781 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Fifth Third Bancorp by 76.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,330,649 shares of the financial services provider’s stock worth $57,005,000 after purchasing an additional 575,449 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Fifth Third Bancorp by 8.1% in the 3rd quarter. Franklin Resources Inc. now owns 5,476,374 shares of the financial services provider’s stock worth $242,713,000 after purchasing an additional 409,292 shares during the last quarter. Institutional investors and hedge funds 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.