Fifth Third Bancorp (NASDAQ: FITB) is 14.15% higher on its value in year-to-date trading and has touched a low of $22.49 and a high of $42.91 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 $39.23 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $39.37, the stock is -2.15% and 4.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.59 million and changing 0.36% at the moment leaves the stock 14.70% off its SMA200. FITB registered 38.29% gain for a year compared to 6-month gain of 18.19%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 8.67% loss in the last 1 month and extending the period to 3 months gives it a 3.61%, and is -6.84% down 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 3.45% over the week and 2.71% over the month.
Fifth Third Bancorp (FITB) has around 18724 employees, a market worth around $26.93B and $13.24B in sales. Current P/E ratio is 12.58 and Fwd P/E is 10.95. Profit margin for the company is 16.29%. Distance from 52-week low is 75.06% and -8.25% from its 52-week high. The company has generated returns on investments over the last 12 months (6.07%).
with sales reaching $2.15B over the same period.The EPS is expected to grow by 0.71% this year, but quarterly earnings will post -1.80% year-over-year.
Fifth Third Bancorp (FITB) Top Institutional Holders
The shares outstanding are 681.12M, and float is at 679.63M with Short Float at 3.62%.
Fifth Third Bancorp (FITB) Insider Activity
The most recent transaction is an insider sale by Lavender Kevin P,the company’sEVP. SEC filings show that Lavender Kevin P sold 20,000 shares of the company’s common stock on Jul 24 ’24 at a price of $41.77 per share for a total of $0.84 million. Following the sale, the insider now owns 0.13 million shares.
Fifth Third Bancorp disclosed in a document filed with the SEC on Jul 24 ’24 that Feiger Mitchell Stuart (Director) sold a total of 12,000 shares of the company’s common stock. The trade occurred on Jul 24 ’24 and was made at $41.21 per share for $0.49 million. Following the transaction, the insider now directly holds 20961.0 shares of the FITB stock.
Still, SEC filings show that on Jul 24 ’24, Zaunbrecher Susan B (EVP & CLO) disposed off 2,842 shares at an average price of $41.21 for $0.12 million. The insider now directly holds 96,412 shares of Fifth Third Bancorp (FITB).
