The Analyst Landscape: 9 Takes On Fifth Third Bancorp

Fifth Third Bancorp +0.93%

Fifth Third Bancorp




Throughout the last three months, 9 analysts have evaluated Fifth Third Bancorp (NASDAQ:FITB), offering a diverse set of opinions from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 4 4 0 0
Last 30D 0 1 1 0 0
1M Ago 0 1 1 0 0
2M Ago 0 0 1 0 0
3M Ago 1 2 1 0 0

The 12-month price targets, analyzed by analysts, offer insights with an average target of $39.89, a high estimate of $43.00, and a low estimate of $36.00. This current average reflects an increase of 10.81% from the previous average price target of $36.00.

price target chart

Interpreting Analyst Ratings: A Closer Look

An in-depth analysis of recent analyst actions unveils how financial experts perceive Fifth Third Bancorp. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Whit Mayo Wells Fargo Raises Overweight $41.00 $39.00
John Pancari Evercore ISI Group Raises In-Line $40.00 $37.00
Terry McEvoy Stephens & Co. Announces Equal-Weight $41.00 -
Scott Siefers Piper Sandler Raises Overweight $41.00 $38.00
Manan Gosalia Morgan Stanley Raises Equal-Weight $36.00 $29.00
Erika Najarian UBS Raises Buy $42.00 $40.00
Gerard Cassidy RBC Capital Raises Outperform $38.00 $35.00
David Konrad Keefe, Bruyette & Woods Announces Market Perform $37.00 -
Jason Goldberg Barclays Raises Overweight $43.00 $34.00

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Fifth Third Bancorp. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Fifth Third Bancorp compared to the broader market.
  • Price Targets: Understanding forecasts, analysts offer estimates for Fifth Third Bancorp's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

For valuable insights into Fifth Third Bancorp's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Fifth Third Bancorp analyst ratings.

Discovering Fifth Third Bancorp: A Closer Look

Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati. The company has over $200 billion in assets and operates numerous full-service banking branches and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.

A Deep Dive into Fifth Third Bancorp's Financials

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Negative Revenue Trend: Examining Fifth Third Bancorp's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -7.97% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.

Net Margin: Fifth Third Bancorp's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 23.46% net margin, the company effectively manages costs and achieves strong profitability.

Return on Equity (ROE): Fifth Third Bancorp's ROE excels beyond industry benchmarks, reaching 3.13%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): Fifth Third Bancorp's ROA stands out, surpassing industry averages. With an impressive ROA of 0.23%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.11.

The Basics of Analyst Ratings

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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