Fifth Third Bancorp (NASDAQ:FITB) – Investment analysts at FIG Partners dropped their Q4 2019 earnings per share (EPS) estimates for shares of Fifth Third Bancorp in a report issued on Tuesday, January 22nd. FIG Partners analyst C. Marinac now expects that the financial services provider will post earnings of $0.74 per share for the quarter, down from their prior forecast of $0.77. FIG Partners also issued estimates for Fifth Third Bancorp’s Q1 2020 earnings at $0.72 EPS, Q2 2020 earnings at $0.74 EPS and FY2020 earnings at $3.05 EPS.

Fifth Third Bancorp (NASDAQ:FITB) last issued its earnings results on Tuesday, January 22nd. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. Fifth Third Bancorp had a return on equity of 12.34% and a net margin of 27.32%. During the same period in the previous year, the company posted $0.48 EPS.

A number of other brokerages have also commented on FITB. BMO Capital Markets decreased their price objective on Fifth Third Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, October 24th. BidaskClub raised Fifth Third Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Bank of America set a $29.00 price objective on Fifth Third Bancorp and gave the stock a “hold” rating in a report on Wednesday. Raymond James raised Fifth Third Bancorp from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Wednesday, October 31st. They noted that the move was a valuation call. Finally, ValuEngine raised Fifth Third Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $31.13.

Shares of FITB opened at $27.65 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $18.07 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 1.41 and a beta of 1.24. Fifth Third Bancorp has a 52 week low of $22.12 and a 52 week high of $34.67.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st were issued a $0.22 dividend. The ex-dividend date was Friday, December 28th. This is a positive change from Fifth Third Bancorp’s previous quarterly dividend of $0.18. This represents a $0.88 annualized dividend and a dividend yield of 3.18%. Fifth Third Bancorp’s dividend payout ratio is currently 34.65%.

Several hedge funds have recently added to or reduced their stakes in FITB. Schroder Investment Management Group grew its holdings in shares of Fifth Third Bancorp by 106.3% in the second quarter. Schroder Investment Management Group now owns 4,166,562 shares of the financial services provider’s stock valued at $119,747,000 after acquiring an additional 2,146,656 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Fifth Third Bancorp by 49.4% in the third quarter. Nordea Investment Management AB now owns 3,763,476 shares of the financial services provider’s stock valued at $105,076,000 after acquiring an additional 1,243,646 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Fifth Third Bancorp by 79.2% in the third quarter. AQR Capital Management LLC now owns 2,652,552 shares of the financial services provider’s stock valued at $74,060,000 after acquiring an additional 1,172,626 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Fifth Third Bancorp by 12.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 4,531,360 shares of the financial services provider’s stock valued at $126,118,000 after acquiring an additional 487,973 shares in the last quarter. Finally, United Services Automobile Association grew its holdings in shares of Fifth Third Bancorp by 28.2% in the third quarter. United Services Automobile Association now owns 2,012,194 shares of the financial services provider’s stock valued at $56,180,000 after acquiring an additional 442,784 shares in the last quarter. 81.89% of the stock is owned by institutional investors.

About Fifth Third Bancorp

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

Further Reading: What is a good rate of return for a mutual fund?

Earnings History and Estimates for Fifth Third Bancorp (NASDAQ:FITB)

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.com's FREE daily email newsletter.