Fifth Third Bancorp (FITB) concluded trading on Wednesday at a closing price of $46.31, with 3.33 million shares of worth about $154.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.20% during that period and on November 20, 2024 the price saw a loss of about -0.28%. Currently the company’s common shares owned by public are about 681.12M shares, out of which, 667.06M shares are available for trading.
Stock saw a price change of -1.89% in past 5 days and over the past one month there was a price change of 6.07%. Year-to-date (YTD), FITB shares are showing a performance of 34.27% which increased to 67.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.89 but also hit the highest price of $48.10 during that period. The average intraday trading volume for Fifth Third Bancorp shares is 4.05 million. The stock is currently trading 2.15% above its 20-day simple moving average (SMA20), while that difference is up 5.41% for SMA50 and it goes to 18.60% 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 85.68% of that.
The stock has a current market capitalization of $31.05B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 15.45, while it has posted earnings per share of $3.00 in the same period. Its PEG reads 2.62 while making debt-to-equity ratio of 0.93. 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 1.57% while standing at 1.85% over the month.
Stock’s fiscal year EPS is expected to drop by -1.59% while it is estimated to increase by 15.32% in next year. EPS is likely to grow at an annualized rate of 5.90% 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.
