1 week Ago By ABMN Staff
Fifth Third Bancorp ( NASDAQ:FITB – Free Report ) – Investment analysts at DA Davidson reduced their FY2025 earnings estimates for shares of Fifth Third Bancorp in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst P. Winter now forecasts that the financial services provider will post earnings of $3.
58 per share for the year, down from their previous forecast of $3.63. The consensus estimate for Fifth Third Bancorp’s current full-year earnings is $3.
34 per share. Fifth Third Bancorp ( NASDAQ:FITB – Get Free Report ) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.
78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05).
Fifth Third Bancorp had a net margin of 16.58% and a return on equity of 14.58%.
The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion.
During the same quarter last year, the firm posted $0.92 earnings per share. Fifth Third Bancorp’s revenue was up 1.
2% on a year-over-year basis. Read Our Latest Stock Analysis on Fifth Third Bancorp Fifth Third Bancorp Trading Down 0.1 % FITB stock opened at $42.
89 on Monday. Fifth Third Bancorp has a 1-year low of $32.29 and a 1-year high of $49.
07. The company has a current ratio of 0.82, a quick ratio of 0.
82 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $45.
64 and its 200-day moving average is $41.95. The firm has a market cap of $28.
76 billion, a P/E ratio of 14.25, a P/E/G ratio of 2.19 and a beta of 1.
22. Fifth Third Bancorp Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.
37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.
48 annualized dividend and a dividend yield of 3.45%. Fifth Third Bancorp’s dividend payout ratio is presently 49.
17%. Insider Transactions at Fifth Third Bancorp In other Fifth Third Bancorp news, EVP Kristine R. Garrett sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, October 28th.
The stock was sold at an average price of $43.67, for a total value of $327,525.00.
Following the completion of the transaction, the executive vice president now directly owns 55,913 shares in the company, valued at $2,441,720.71. This trade represents a 11.
83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . 0.
50% of the stock is owned by insiders. Institutional Investors Weigh In On Fifth Third Bancorp Several large investors have recently made changes to their positions in the stock. Retirement Systems of Alabama lifted its stake in Fifth Third Bancorp by 0.
4% in the second quarter. Retirement Systems of Alabama now owns 150,892 shares of the financial services provider’s stock valued at $5,506,000 after acquiring an additional 558 shares during the last quarter. Independence Bank of Kentucky lifted its position in Fifth Third Bancorp by 20.
2% during the second quarter. Independence Bank of Kentucky now owns 2,450 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 412 shares during the last quarter. Raymond James Trust N.
A. boosted its holdings in shares of Fifth Third Bancorp by 1.4% during the second quarter.
Raymond James Trust N.A. now owns 40,972 shares of the financial services provider’s stock worth $1,495,000 after acquiring an additional 579 shares during the period.
Bailard Inc. grew its position in shares of Fifth Third Bancorp by 0.5% in the second quarter.
Bailard Inc. now owns 51,657 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 264 shares during the last quarter. Finally, Atomi Financial Group Inc.
acquired a new stake in Fifth Third Bancorp in the 2nd quarter worth about $219,000. Institutional investors and hedge funds own 83.79% of the company’s stock.
Fifth Third Bancorp Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Fifth Third Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fifth Third Bancorp and related companies with MarketBeat.
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