Fifth Third Bancorp (NASDAQ: FITB) is 16.61% higher on its value in year-to-date trading and has touched a low of $22.49 and a high of $39.53 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 $39.16 in the last trading session, with the day’s gains setting it 1.06%.
Currently trading at $40.22, the stock is 10.06% and 8.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.0 million and changing 2.71% at the moment leaves the stock 21.54% off its SMA200. FITB registered 49.07% gain for a year compared to 6-month gain of 17.05%.
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The stock witnessed a 12.95% loss in the last 1 month and extending the period to 3 months gives it a 16.18%, and is 11.07% 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 2.50% over the week and 2.17% over the month.
Fifth Third Bancorp (FITB) has around 18724 employees, a market worth around $27.51B and $12.95B in sales. Current P/E ratio is 12.83 and Fwd P/E is 11.26. Profit margin for the company is 16.66%. Distance from 52-week low is 78.84% and 1.75% from its 52-week high. The company has generated returns on investments over the last 12 months (6.17%).
with sales reaching $2.11B over the same period.The EPS is expected to grow by 1.74% this year, but quarterly earnings will post -1.10% year-over-year. Quarterly sales are estimated to shrink -3.20% in year-over-year returns.
Fifth Third Bancorp (FITB) Top Institutional Holders
The shares outstanding are 681.12M, and float is at 679.61M with Short Float at 3.74%.
Fifth Third Bancorp (FITB) Insider Activity
The most recent transaction is an insider sale by Feiger Mitchell Stuart,the company’sDirector. SEC filings show that Feiger Mitchell Stuart sold 76,011 shares of the company’s common stock on May 13 ’24 at a price of $38.45 per share for a total of $2.92 million. Following the sale, the insider now owns 32915.0 shares.
Fifth Third Bancorp disclosed in a document filed with the SEC on May 01 ’24 that Schramm Jude (EVP & CIO) sold a total of 2,500 shares of the company’s common stock. The trade occurred on May 01 ’24 and was made at $37.50 per share for $93750.0. Following the transaction, the insider now directly holds 0.14 million shares of the FITB stock.
Still, SEC filings show that on Apr 23 ’24, Garrett Kristine R. (EVP) disposed off 7,500 shares at an average price of $36.59 for $0.27 million. The insider now directly holds 70,913 shares of Fifth Third Bancorp (FITB).
