Fitb stock price sits near a monthly high

FITB stock price sits near a monthly high, underpinned by healthy dividend yield of around 4.3%. Yield-focused investors may maintain positions even in mild price pullbacks, stabilizing the broader trend. Looking at dividend growth, the company's current annualized dividend of $1.60 is up 11.1% from last year. Over the last 5 years, Fifth Third Bancorp has increased its dividend 4 times on a year-over-year basis for an average annual increase of 7.84%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Fifth Third Bancorp's current payout ratio is 44%, meaning it paid out 44% of its trailing 12-month EPS as dividend. Multiple analysts have issued price targets for $FITB recently. We have seen 10 analysts offer price targets for $FITB in the last 6 months, with a median target of $49.5. As regional lending activity recovers, FITB stock price may ride on better net interest income margins. Weekly charts suggest a medium-term bullish channel targeting the $39 zone if macro conditions align.