Fifth Third Bancorp (NASDAQ: FITB) is 15.95% 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 $39.71 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $39.99, the stock is -1.29% and 4.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.92 million and changing 0.71% at the moment leaves the stock 14.67% off its SMA200. FITB registered 54.64% gain for a year compared to 6-month gain of 19.34%.
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The stock witnessed a -2.46% loss in the last 1 month and extending the period to 3 months gives it a 2.59%, and is 0.83% 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 2.25% over the week and 2.59% over the month.
Fifth Third Bancorp (FITB) has around 18724 employees, a market worth around $27.07B and $13.29B in sales. Current P/E ratio is 12.78 and Fwd P/E is 11.12. Profit margin for the company is 16.23%. Distance from 52-week low is 77.81% and -6.80% from its 52-week high. The company has generated returns on investments over the last 12 months (5.98%).
Fifth Third Bancorp quarterly earnings per share for the current quarter are estimated at 0.83 with sales reaching $2.15B over the same period.The EPS is expected to grow by 0.86% this year, but quarterly earnings will post -1.80% year-over-year.
1232.0 institutions hold shares in Fifth Third Bancorp (FITB), with institutional investors hold 87.94% of the company’s shares. The shares outstanding are 681.12M, and float is at 672.43M with Short Float at 3.63%. Institutions hold 87.44% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 82.93 million shares valued at $$3.09 billion. The investor’s holdings represent 12.0936 of the FITB Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 57.9 million shares valued at $$2.15 billion to account for 8.4428 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 46.6 million shares representing 6.7949 and valued at over $$1.73 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 5.6931 of the shares totaling 39.04 million with a market value of $$1.45 billion.
Fifth Third Bancorp (FITB) Insider Activity
The most recent transaction is an insider sale by Feiger Mitchell Stuart, the company’s Director. SEC filings show that Feiger Mitchell Stuart sold 12,000 shares of the company’s common stock on Jul 24 ’24 at a price of $41.21 per share for a total of $0.49 million. Following the sale, the insider now owns 20961.0 shares.
Fifth Third Bancorp disclosed in a document filed with the SEC on Jul 24 ’24 that Lavender Kevin P (EVP) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Jul 24 ’24 and was made at $41.77 per share for $0.84 million. Following the transaction, the insider now directly holds 0.13 million 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).
