Fifth Third Bancorp FITB underwent analysis by 13 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 3 | 10 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 2 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 7 | 0 | 0 |
Analysts have recently evaluated Fifth Third Bancorp and provided 12-month price targets. The average target is $39.27, accompanied by a high estimate of $43.00 and a low estimate of $32.00. Witnessing a positive shift, the current average has risen by 1.06% from the previous average price target of $38.86.
Exploring Analyst Ratings: An In-Depth Overview
The perception of Fifth Third Bancorp by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Pancari | Evercore ISI Group | Lowers | In-Line | $41.00 | $42.00 |
| David Konrad | Keefe, Bruyette & Woods | Maintains | Market Perform | $40.00 | $40.00 |
| Terry McEvoy | Stephens & Co. | Maintains | Equal-Weight | $41.00 | $41.00 |
| Bill Carcache | Wolfe Research | Announces | Outperform | $43.00 | - |
| Vivek Juneja | JP Morgan | Raises | Overweight | $39.50 | $37.50 |
| Manan Gosalia | Morgan Stanley | Maintains | Equal-Weight | $36.00 | $36.00 |
| Peter Winter | DA Davidson | Raises | Neutral | $39.00 | $37.00 |
| David Konrad | Keefe, Bruyette & Woods | Raises | Market Perform | $40.00 | $39.00 |
| David Konrad | Keefe, Bruyette & Woods | Raises | Market Perform | $39.00 | $37.00 |
| Erika Najarian | UBS | Lowers | Neutral | $39.00 | $42.00 |
| David George | Baird | Maintains | Neutral | $32.00 | - |
| Whit Mayo | Wells Fargo | Raises | Overweight | $41.00 | $39.00 |
| John Pancari | Evercore ISI Group | Raises | In-Line | $40.00 | $37.00 |
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: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Fifth Third Bancorp compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Fifth Third Bancorp's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Fifth Third Bancorp's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Fifth Third Bancorp analyst ratings.
About Fifth Third Bancorp
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.
Unraveling the Financial Story of Fifth Third Bancorp
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Fifth Third Bancorp faced challenges, resulting in a decline of approximately -5.72% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's 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 23.29% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Fifth Third Bancorp's ROE stands out, surpassing industry averages. With an impressive ROE of 2.83%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.22%, the company showcases effective utilization of assets.
Debt Management: Fifth Third Bancorp's debt-to-equity ratio is below the industry average at 1.06, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
