Fifth Third Bancorp (NASDAQ:FITB – Get Free Report) had its target price raised by equities researchers at Janney Montgomery Scott from $51.00 to $56.25 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Janney Montgomery Scott’s price objective would suggest a potential upside of 10.53% from the stock’s current price.
A number of other brokerages also recently commented on FITB. Stephens raised their price objective on Fifth Third Bancorp from $54.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Wall Street Zen upgraded Fifth Third Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Evercore ISI set a $52.00 target price on Fifth Third Bancorp in a research report on Tuesday, January 6th. Piper Sandler boosted their price target on shares of Fifth Third Bancorp from $50.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Truist Financial increased their price objective on shares of Fifth Third Bancorp from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Fifth Third Bancorp has a consensus rating of “Moderate Buy” and an average price target of $55.06.
Get Our Latest Research Report on FITB
Fifth Third Bancorp Price Performance
Fifth Third Bancorp (NASDAQ:FITB – Get Free Report) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.08. Fifth Third Bancorp had a net margin of 19.50% and a return on equity of 13.53%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 63.1% on a year-over-year basis. Analysts expect that Fifth Third Bancorp will post 3.68 EPS for the current year.
Insider Transactions at Fifth Third Bancorp
In related news, EVP Jude Schramm sold 2,250 shares of Fifth Third Bancorp stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $48.50, for a total transaction of $109,125.00. Following the completion of the transaction, the executive vice president directly owned 129,191 shares of the company’s stock, valued at $6,265,763.50. This trade represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of FITB. Evolution Wealth Management Inc. bought a new stake in Fifth Third Bancorp during the 2nd quarter worth approximately $26,000. Westside Investment Management Inc. boosted its stake in Fifth Third Bancorp by 100.0% in the third quarter. Westside Investment Management Inc. now owns 584 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 292 shares in the last quarter. Activest Wealth Management grew its holdings in shares of Fifth Third Bancorp by 1,043.3% during the second quarter. Activest Wealth Management now owns 686 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 626 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in shares of Fifth Third Bancorp by 501.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 620 shares of the financial services provider’s stock valued at $29,000 after buying an additional 517 shares in the last quarter. Finally, United Community Bank raised its holdings in shares of Fifth Third Bancorp by 581.0% in the third quarter. United Community Bank now owns 681 shares of the financial services provider’s stock valued at $30,000 after buying an additional 581 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.
Key Headlines Impacting Fifth Third Bancorp
Here are the key news stories impacting Fifth Third Bancorp this week:
- Positive Sentiment: Q4 earnings beat and record net interest income — Fifth Third reported stronger-than-expected profitability, record NII and improving credit trends, which traders viewed as confirmation of operational momentum. Fifth Third Hits New 12-Month High After Earnings Beat
- Positive Sentiment: Multiple analyst upgrades and higher price targets — Several firms (RBC, Wolfe, Piper Sandler, Janney et al.) raised targets and maintained outperform/overweight views, supporting upside expectations. Analyst Price Target Raises
- Positive Sentiment: Bullish thematic outlook and capital-return story — MarketBeat and others highlight a potential multi‑decade high path driven by NII expansion, dividends and buybacks, and the Comerica acquisition as a growth lever. MarketBeat Bullish Thesis
- Positive Sentiment: Product and digital traction — Management says a new banking app and investments in branches/digital drove engagement and originations, helping NII and fee income. App Drives Engagement
- Neutral Sentiment: Valuation check — Coverage pieces note strong fundamentals but ask whether current multiple fully reflects the Comerica merger upside and improved NII; watch forward guidance vs. price. Valuation Check
- Positive Sentiment: Dividend appeal — Analysts/publications flag FITB as a high‑yield, growing dividend play (payout ratio under 40% and room for buybacks), supporting investor demand. Dividend Coverage
- Negative Sentiment: Merger-related headwinds and layoffs — Coverage of Comerica employee layoffs as integration progresses can raise short‑term execution risk, morale/regulatory scrutiny and potential one‑time costs; investors will watch announced synergies vs. integration drag. Comerica Layoffs
About Fifth Third Bancorp
Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.
On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.
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