Is Fifth Third Bancorp (NASDAQ: FITB) Back In The Buying Zone?

Currently, there are 681.12M common shares owned by the public and among those 677.20M shares have been available to trade.

Insiders at the company have transacted a total of 88 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 43 of these insider trades were purchases, accounting for 774,732 shares. Insider sales of the common stock occurred on 45 occasions, with total insider shares sold totaling 171,926 shares.

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The company’s stock has a 5-day price change of -1.94% and 30.97% over the past three months. FITB shares are trading -4.84% year to date (YTD), with the 12-month market performance down to -11.70% lower. It has a 12-month low price of $22.11 and touched a high of $37.51 over the same period. FITB has an average intraday trading volume of 1.31 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.76%, -2.61%, and 17.45% respectively.

Institutional ownership of Fifth Third Bancorp (NASDAQ: FITB) shares accounts for 84.31% of the company’s 681.12M shares outstanding.

It has a market capitalization of $22.35B and a beta (3y monthly) value of 1.28. The stock’s trailing 12-month PE ratio is 10.20, while the earnings-per-share (ttm) stands at $3.22. The company has a PEG of 2.11 and the debt-to-equity ratio at 1.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.77% over the week and 2.51% over the month.

Analysts forecast that Fifth Third Bancorp (FITB) will achieve an EPS of $Bitwise Bitcoin ETF for the current quarter, $26.99 for the next quarter and $ETF for Type. The lowest estimate earnings-per-share for the quarter is $Fifth Third Bancorp while analysts give the company a high EPS estimate of $iShares U.S. Home Construction . Comparatively, EPS for the current quarter was $LightInTheBox Holding Co., Ltd. a year ago. Earnings per share for the fiscal year are expected to decrease by -0.80%, and 9.74% over the next financial year. EPS should grow at an annualized rate of 4.84% over the next five years, compared to 1.03% over the past 5-year period.

Looking at the support for the FITB, a number of firms have released research notes about the stock. Keefe Bruyette stated their Mkt Perform rating for the stock in a research note on January 09, 2024, with the firm’s price target at $33-$37.

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