Analysts Offer Insights on Financial Companies: Fifth Third Bancorp (FITB), Chemung Financial (CHMG) and F.N.B. (FNB)

Analysts fell to the sidelines weighing in on Fifth Third Bancorp (FITB – Research Report), Chemung Financial (CHMG – Research Report) and F.N.B. (FNB – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Fifth Third Bancorp (FITB)

In a report released today, David Konrad from KBW maintained a Hold rating on Fifth Third Bancorp, with a price target of $40.00. The company’s shares closed last Friday at $36.25, close to its 52-week high of $37.41.

According to TipRanks.com, Konrad is a 5-star analyst with an average return of 20.3% and a 73.8% success rate. Konrad covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, Huntington Bancshares, and JPMorgan Chase & Co.

Currently, the analyst consensus on Fifth Third Bancorp is a Moderate Buy with an average price target of $39.46.

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Chemung Financial (CHMG)

In a report released yesterday, Christopher O’Connell from KBW maintained a Hold rating on Chemung Financial, with a price target of $49.00. The company’s shares closed last Friday at $43.50.

According to TipRanks.com, O’Connell is a 3-star analyst with an average return of 4.9% and a 42.9% success rate. O’Connell covers the Financial sector, focusing on stocks such as Peapack-Gladstone Financial, Dime Community Bancshares, and Metropolitan Bank Holding.

Chemung Financial has an analyst consensus of Hold, with a price target consensus of $49.00.

F.N.B. (FNB)

KBW analyst Kelly Motta maintained a Hold rating on F.N.B. yesterday and set a price target of $16.00. The company’s shares closed last Friday at $13.13.

According to TipRanks.com, Motta is a 3-star analyst with an average return of 6.8% and a 58.6% success rate. Motta covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Southern Missouri Bancorp, and National Bank Holdings.

F.N.B. has an analyst consensus of Strong Buy, with a price target consensus of $15.50.

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Read More on FITB:

• Fifth Third Bancorp Shareholders Affirm Board and Financial Plans
• Early notable gainers among liquid option names on April 19th
• Fifth Third reports Q1 net interest margin 2.86% vs 3.29% last year
• Fifth Third sees FY24 revenue down 1% to 2% compared to FY23, consensus $8.61B
• Fifth Third sees Q2 revenue up approximately 1% vs Q1, consensus $2.13B