Currently, there are 681.12M common shares owned by the public and among those 679.06M shares have been available to trade.
The company’s stock has a 5-day price change of -3.11% and 8.93% over the past three months. FITB shares are trading 2.17% year to date (YTD), with the 12-month market performance up to 38.69% higher. It has a 12-month low price of $22.46 and touched a high of $37.03 over the same period. FITB has an average intraday trading volume of 5.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.08%, 2.15%, and 21.38% respectively.
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Institutional ownership of Fifth Third Bancorp (NASDAQ: FITB) shares accounts for 84.38% of the company’s 681.12M shares outstanding.
It has a market capitalization of $24.09B and a beta (3y monthly) value of 1.28. The stock’s trailing 12-month PE ratio is 10.95, while the earnings-per-share (ttm) stands at $3.22. The company has a PEG of 2.26 and the debt-to-equity ratio at 1.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.17% over the week and 2.18% over the month.
Analysts forecast that Fifth Third Bancorp (FITB) will achieve an EPS of $0.68 for the current quarter, $0.8 for the next quarter and $3.48 for 2025. The lowest estimate earnings-per-share for the quarter is $0.65 while analysts give the company a high EPS estimate of $0.73. Comparatively, EPS for the current quarter was $0.78 a year ago. Earnings per share for the fiscal year are expected to decrease by -0.69%, and 9.78% 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. Keefe Bruyette was of a view on April 06, 2023 that the stock is Outperform, while DA Davidson gave the stock Neutral rating on December 21, 2022, issuing a price target of $36. Morgan Stanley on their part issued Equal-Weight rating on December 05, 2022.
