Fifth Third Bancorp (FITB) concluded trading on Thursday at a closing price of $34.34, with 5.61 million shares of worth about $192.78 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.83% during that period and on Thursday the price saw a gain of about 2.26%. Currently the company’s common shares owned by public are about 681.12M shares, out of which, 676.81M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 24 times over the past 12 months. They bought 197,684 shares in 19 of the transactions. In 5 selling transactions, insiders dumped 11,559 shares.
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Stock saw a price change of 2.81% in past 5 days and over the past one month there was a price change of -2.91%. Year-to-date (YTD), FITB shares are showing a performance of -0.43% which decreased to -5.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.11 but also hit the highest price of $36.67 during that period. The average intraday trading volume for Fifth Third Bancorp shares is 5.79 million. The stock is currently trading 2.15% above its 20-day simple moving average (SMA20), while that difference is up 0.25% for SMA50 and it goes to 20.78% higher than SMA200.
Fifth Third Bancorp (NASDAQ: FITB) currently have 681.12M outstanding shares and institutions hold larger chunk of about 84.70% of that.
The stock has a current market capitalization of $23.39B and its 3Y-monthly beta is at 1.28. PE ratio of stock for trailing 12 months is 10.68, while it has posted earnings per share of $3.22 in the same period. Its PEG reads 2.21 while making debt-to-equity ratio of 1.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FITB, volatility over the week remained 1.89% while standing at 2.35% over the month.
Analysts are in expectations that Fifth Third Bancorp (FITB) stock would likely to be making an EPS of $0.67 in the current quarter, while forecast for next quarter EPS is $0.8 and it is $3.48 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.64 which is $0.7 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.78 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -0.80% while it is estimated to increase by 9.74% in next year. EPS is likely to grow at an annualized rate of 4.84% for next 5-years, compared to annual growth of 1.03% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Keefe Bruyette on January 09, 2024 offering a Mkt perform rating for the stock and assigned a target price range of between $33 and $37 to it. On April 06, 2023, Keefe Bruyette Upgrade their recommendations, while on December 21, 2022, DA Davidson Initiated their ratings for the stock with a price target of $36. Stock get an Equal-weight rating from Morgan Stanley on December 05, 2022.
