Earnings Scorecard & Analyst Reports Fifth Third Bancorp (NASDAQ:FITB)

Earnings results for Fifth Third Bancorp (NASDAQ:FITB)

Fifth Third Bancorp is expected* to report earnings on 07/22/2021 before market open. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.83. The reported EPS for the same quarter last year was $0.3.

Fifth Third Bancorp last announced its earnings results on April 19th, 2021. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.24. The company earned $1.93 billion during the quarter, compared to the consensus estimate of $1.90 billion. Fifth Third Bancorp has generated $2.16 earnings per share over the last year and currently has a price-to-earnings ratio of 13.6. Fifth Third Bancorp has confirmed that its next quarterly earnings report will be published on Thursday, July 22nd, 2021. Fifth Third Bancorp will be holding an earnings conference call on Thursday, July 22nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Fifth Third Bancorp (NASDAQ:FITB)

19 Wall Street analysts have issued ratings and price targets for Fifth Third Bancorp in the last 12 months. Their average twelve-month price target is $38.42, predicting that the stock has a possible upside of 4.16%. The high price target for FITB is $48.00 and the low price target for FITB is $23.00. There are currently 7 hold ratings, 11 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”

Fifth Third Bancorp has received a consensus rating of Buy. The company’s average rating score is 2.68, and is based on 11 buy ratings, 7 hold ratings, and no sell ratings. According to analysts’ consensus price target of $38.42, Fifth Third Bancorp has a forecasted upside of 4.2% from its current price of $36.88. Fifth Third Bancorp has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Fifth Third Bancorp (NASDAQ:FITB)

Fifth Third Bancorp pays a meaningful dividend of 3.00%, higher than the bottom 25% of all stocks that pay dividends. Fifth Third Bancorp has only been increasing its dividend for 4 years. The dividend payout ratio of Fifth Third Bancorp is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Fifth Third Bancorp will have a dividend payout ratio of 33.13% next year. This indicates that Fifth Third Bancorp will be able to sustain or increase its dividend.

Insiders buying/selling: Fifth Third Bancorp (NASDAQ:FITB)

In the past three months, Fifth Third Bancorp insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,032,580.00 in company stock. Only 0.66% of the stock of Fifth Third Bancorp is held by insiders. 79.13% of the stock of Fifth Third Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Fifth Third Bancorp (NASDAQ:FITB

Earnings for Fifth Third Bancorp are expected to decrease by -6.32% in the coming year, from $3.48 to $3.26 per share. The P/E ratio of Fifth Third Bancorp is 13.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.56. The P/E ratio of Fifth Third Bancorp is 13.56, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.77. Fifth Third Bancorp has a PEG Ratio of 1.20. PEG Ratios above 1 indicate that a company could be overvalued. Fifth Third Bancorp has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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