Fifth Third Bancorp (NASDAQ: FITB) is 19.63% higher on its value in year-to-date trading and has touched a low of $22.49 and a high of $41.41 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 $40.86 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $41.26, the stock is 9.25% and 10.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.06 million and changing 0.98% at the moment leaves the stock 23.20% off its SMA200. FITB registered 46.16% gain for a year compared to 6-month gain of 19.39%.
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The stock witnessed a 14.42% loss in the last 1 month and extending the period to 3 months gives it a 12.89%, and is 2.59% 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 2.81% over the week and 2.47% over the month.
Fifth Third Bancorp (FITB) has around 18724 employees, a market worth around $28.22B and $13.24B in sales. Current P/E ratio is 13.19 and Fwd P/E is 11.49. Profit margin for the company is 16.29%. Distance from 52-week low is 83.46% and -0.36% from its 52-week high. The company has generated returns on investments over the last 12 months (6.07%).
The EPS is expected to grow by 0.82% this year.
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 Schramm Jude,the company’sEVP & CIO. SEC filings show that Schramm Jude sold 2,500 shares of the company’s common stock on Jul 16 ’24 at a price of $40.00 per share for a total of $100000.0. Following the sale, the insider now owns 0.13 million shares.
Fifth Third Bancorp disclosed in a document filed with the SEC on May 13 ’24 that Feiger Mitchell Stuart (Director) sold a total of 76,011 shares of the company’s common stock. The trade occurred on May 13 ’24 and was made at $38.45 per share for $2.92 million. Following the transaction, the insider now directly holds 32915.0 shares of the FITB stock.
Still, SEC filings show that on May 01 ’24, Schramm Jude (EVP & CIO) disposed off 2,500 shares at an average price of $37.50 for $93750.0. The insider now directly holds 136,922 shares of Fifth Third Bancorp (FITB).
