Fifth Third Bancorp (FITB) concluded trading on Wednesday at a closing price of $42.63, with 3.89 million shares of worth about $165.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.54% during that period and on October 09, 2024 the price saw a gain of about 1.52%. Currently the company’s common shares owned by public are about 681.12M shares, out of which, 673.33M shares are available for trading.
Stock saw a price change of 1.55% in past 5 days and over the past one month there was a price change of 4.05%. Year-to-date (YTD), FITB shares are showing a performance of 23.60% which increased to 75.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.49 but also hit the highest price of $43.85 during that period. The average intraday trading volume for Fifth Third Bancorp shares is 4.16 million. The stock is currently trading 0.48% above its 20-day simple moving average (SMA20), while that difference is up 2.79% for SMA50 and it goes to 13.73% higher than SMA200.
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Fifth Third Bancorp (NASDAQ: FITB) currently have 681.12M outstanding shares and institutions hold larger chunk of about 86.56% of that.
The stock has a current market capitalization of $28.85B and its 3Y-monthly beta is at 1.24. PE ratio of stock for trailing 12 months is 13.62, while it has posted earnings per share of $3.13 in the same period. Its PEG reads 1.59 while making debt-to-equity ratio of 1.06. 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 1.93% while standing at 2.04% over the month.
Stock’s fiscal year EPS is expected to rise by 0.33% while it is estimated to increase by 11.75% in next year. EPS is likely to grow at an annualized rate of 8.57% 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 Wolfe Research on May 31, 2024 offering an Outperform rating for the stock and assigned a target price of $43 to it. Coverage by JP Morgan stated Fifth Third Bancorp (FITB) stock as an Overweight in their note to investors on May 01, 2024, suggesting a price target of $39.50 for the stock. On April 01, 2024, Robert W. Baird Downgrade their recommendations, while on March 19, 2024, Stephens Downgrade their ratings for the stock with a price target of $41. Stock get a Mkt perform rating from Keefe Bruyette on January 09, 2024.
