Evercore ISI Group Raises FITB Price Target to $60
Key Points
- Evercore ISI Group raised its price target on Fifth Third Bancorp to $60.00 from $57.00 on October 21, 2026, while assigning an Outperform rating.
- Evercore ISI Group's $60 price target implies 15.41% upside from Fifth Third Bancorp's ($FITB) current $51.99 share price.
- Shares recently traded around $51.99, sitting below the firm's new price target.
- The regional lender carries a trailing P/E ratio of 17.47 and a forward P/E of 10.53, with its next earnings report scheduled for January 19, 2027.
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On October 21, 2026, Evercore ISI Group adjusted its outlook on Fifth Third Bancorp ticker FITB, raising its price target to $60.00 from $57.00 while rating the stock as Outperform. Research notes from Wall Street provide a forward-looking perspective on how a company might perform.
Evercore ISI Group vs. the S&P 500
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Evercore ISI's Call on Fifth Third Bancorp
Evercore ISI Group issued its new target and rating on October 21, 2026, lifting its target from $57.00 to $60.00. Other firms have also weighed in recently. On October 1, Evercore ISI maintained an In-Line rating with a $57.00 target, down from a previous $61.00. JP Morgan kept an Overweight rating on October 2 with a $58.00 target, down from $62.00. UBS kept a Buy rating on October 5 with a $63.00 target, down from $65.00. RBC Capital maintained its Outperform rating on October 20 with a $60.00 target, down from $62.00. Across the broader analyst community, the stock holds a consensus buy recommendation with a mean target price of $61.44 based on 21 opinions.
Fifth Third Bancorp Stock Up 2.9%
Fifth Third Bancorp shares recently traded around $51.99 as of October 21, down about 1.7% from an event-day close of $52.89. The regional bank's stock trades below its 50-day moving average of $53.39, but sits slightly above its 200-day moving average of $51.83. Shares sit below their 52-week high of $59.50 and above their 52-week low of $40.68.
$FITB price target
Fifth Third Bancorp daily closes and this analyst's $60 target. Not advice.
Recent Earnings
Fifth Third Bancorp reported trailing twelve-month revenue of $10.09 billion alongside earnings of $2.98 per share. The regional bank posted a net profit margin of 23.2% and an 8.4% return on equity. The next earnings report is scheduled for January 19, 2027.
Dividend
Fifth Third Bancorp pays an annual dividend of $1.68 per share, giving it a dividend yield of 3.34%. The company's dividend payout ratio stands at 53.9%.
Insider Buying and Selling at Fifth Third Bancorp
Several company insiders completed transactions earlier in the year. CEO Timothy Spence sold 3,420 shares on February 18, 2026, at $54.06 per share for a total value of $184,868. Chief Technology Officer Jude Schramm parted with 14,896 shares on February 24, 2026, valued at $757,515. Officer Kevin J Khanna sold 6,000 shares on April 20, 2026, worth $304,630. Officer Peter L Sefzik sold 20,000 shares on April 28, 2026, totaling $1,009,189.
About Fifth Third Bancorp
Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, providing commercial banking, consumer and small business banking, and wealth and asset management services. Headquartered in Cincinnati, Ohio, the bank serves customers across the United States through its various segments.
Bottom Line
Investors will watch how the stock performs relative to Evercore ISI's updated $60.00 target as the bank heads toward its next earnings update on January 19, 2027.
Source: Evercore ISI Group's rating change on $FITB (Oct 21, 2026). Written by software, not financial advice. How we make alerts