Fifth Third Bancorp (NASDAQ:FITB) Receives $56.56 Average Price Target from Analysts

Fifth Third Bancorp (NASDAQ:FITB) has received a consensus rating of “Moderate Buy” from the twenty research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $56.9875.

Several research firms have recently weighed in on FITB. Morgan Stanley upped their price objective on Fifth Third Bancorp from $60.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Evercore boosted their target price on shares of Fifth Third Bancorp from $52.00 to $57.00 and gave the stock an “in-line” rating in a research note on Thursday, February 5th. Janney Montgomery Scott upped their price target on Fifth Third Bancorp from $51.00 to $56.25 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods raised their price objective on shares of Fifth Third Bancorp from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada boosted their target price on Fifth Third Bancorp from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st.

Institutional Investors Weigh In On Fifth Third Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. raised its stake in shares of Fifth Third Bancorp by 4.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 4,261 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 187 shares in the last quarter. Equitable Holdings Inc. grew its holdings in Fifth Third Bancorp by 4.1% in the 4th quarter. Equitable Holdings Inc. now owns 4,950 shares of the financial services provider’s stock valued at $232,000 after buying an additional 195 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in shares of Fifth Third Bancorp by 3.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 6,870 shares of the financial services provider’s stock valued at $322,000 after acquiring an additional 206 shares in the last quarter. Keybank National Association OH increased its position in Fifth Third Bancorp by 0.3% during the fourth quarter. Keybank National Association OH now owns 64,416 shares of the financial services provider’s stock worth $3,015,000 after acquiring an additional 214 shares during the period. Finally, CreativeOne Wealth LLC raised its stake in Fifth Third Bancorp by 1.9% in the 4th quarter. CreativeOne Wealth LLC now owns 11,652 shares of the financial services provider’s stock worth $545,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Fifth Third Bancorp Stock Up 0.3%

FITB stock opened at $44.22 on Friday. The firm has a market cap of $40.04 billion, a PE ratio of 12.49, a PEG ratio of 0.89 and a beta of 0.96. The company has a fifty day simple moving average of $50.25 and a 200 day simple moving average of $46.58. Fifth Third Bancorp has a 1 year low of $32.25 and a 1 year high of $55.44. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.68.

Fifth Third Bancorp News Roundup

Here are the key news stories impacting Fifth Third Bancorp this week:

• Positive Sentiment: Board declares quarterly common dividend of $0.40 per share (payable April 15), which supports income-oriented investors and signals confidence in capital and cash flow. Read More.
• Positive Sentiment: JPMorgan resumed coverage of FITB with an Overweight and raised its price target (to $50.50 by one report), giving shares a notable analyst-driven lift and implying material upside from current levels. Read More.
• Positive Sentiment: Truist reaffirmed a Buy rating on FITB, reinforcing institutional support from another major bank analyst. Read More.
• Neutral Sentiment: Coverage and consumer stories highlight Fifth Third’s competitive money-market rates — this increases retail visibility and could help deposit gathering, but the impact on near-term earnings is uncertain. Read More.
• Neutral Sentiment: Separately, a report notes Truist trimmed a price target to $53 (still implying upside vs. current levels); mixed analyst target moves create both support and limits to upside. Read More.
• Negative Sentiment: Lowey Dannenberg launched a shareholder investigation into potential breaches of fiduciary duty by Fifth Third’s board — a legal/ governance risk that can weigh on sentiment and add execution/settlement uncertainty. Read More.

Fifth Third Bancorp Company Profile

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.