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Fifth Third Bancorp (FITB) Stock Could Soon Reward Patient Investors

Fifth Third Bancorp (NASDAQ: FITB) is 11.54% higher on its value in year-to-date trading and has touched a low of $22.49 and a high of $39.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FITB stock was last observed hovering at around $38.20 in the last trading session, with the day’s gains setting it 0.27%.

Currently trading at $38.47, the stock is 4.20% and 5.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.3 million and changing 0.71% at the moment leaves the stock 24.07% off its SMA200. FITB registered 62.87% gain for a year compared to 6-month gain of 53.51%.

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The stock witnessed a 11.12% loss in the last 1 month and extending the period to 3 months gives it a 17.22%, and is 1.16% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.73% over the week and 1.91% over the month.

Fifth Third Bancorp (FITB) has around 18724 employees, a market worth around $26.32B and $13.15B in sales. Current P/E ratio is 12.27 and Fwd P/E is 10.77. Profit margin for the company is 16.40%. Distance from 52-week low is 71.05% and -1.66% from its 52-week high. The company has generated returns on investments over the last 12 months (6.17%).

The EPS is expected to grow by 0.48% this year.

Fifth Third Bancorp (FITB) Top Institutional Holders

The shares outstanding are 681.12M, and float is at 679.51M with Short Float at 3.64%.

Fifth Third Bancorp (FITB) Insider Activity

The most recent transaction is an insider sale by Schramm Jude,the company’sEVP & CIO. SEC filings show that Schramm Jude sold 2,500 shares of the company’s common stock on May 01 ’24 at a price of $37.50 per share for a total of $93750.0. Following the sale, the insider now owns 0.14 million shares.

Fifth Third Bancorp disclosed in a document filed with the SEC on Apr 23 ’24 that Garrett Kristine R. (EVP) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Apr 23 ’24 and was made at $36.59 per share for $0.27 million. Following the transaction, the insider now directly holds 70913.0 shares of the FITB stock.

Still, SEC filings show that on Apr 22 ’24, Gibson Kala (EVP) disposed off 14,857 shares at an average price of $36.38 for $0.54 million. The insider now directly holds 46,646 shares of Fifth Third Bancorp (FITB).

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