Fifth Third Bancorp (NASDAQ: FITB) is 1.44% higher on its value in year-to-date trading and has touched a low of $32.29 and a high of $49.07 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 $41.73 in the last trading session, with the day’s gains setting it 1.16%.
Currently trading at $42.89, the stock is -0.21% and -4.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.37 million and changing 2.78% at the moment leaves the stock 5.20% off its SMA200. FITB registered 23.07% gain for a year compared to 6-month gain of 9.53%. The firm has a 50-day simple moving average (SMA 50) of $45.125 and a 200-day simple moving average (SMA200) of $40.7382.
The stock witnessed a -6.39% loss in the last 1 month and extending the period to 3 months gives it a -2.17%, and is -0.12% 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 2.05% over the week and 2.11% over the month.
Fifth Third Bancorp (FITB) has around 18724 employees, a market worth around $28.76B and $13.56B in sales. Current P/E ratio is 14.31 and Fwd P/E is 11.76. Profit margin for the company is 15.23%. Distance from 52-week low is 32.83% and -12.59% from its 52-week high. The company has generated returns on investments over the last 12 months (5.37%).
with sales reaching $2.21B over the same period.The EPS is expected to shrink by -1.68% this year, but quarterly earnings will post -1.84% year-over-year. Quarterly sales are estimated to grow 1.98% in year-over-year returns.
Fifth Third Bancorp (FITB) Top Institutional Holders
1285.0 institutions hold shares in Fifth Third Bancorp (FITB), with institutional investors hold 87.00% of the company’s shares. The shares outstanding are 676.27M, and float is at 667.05M with Short Float at 3.02%. Institutions hold 86.61% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 83.1 million shares valued at $3.03 billion. The investor’s holdings represent 12.1186% of the FITB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 58.11 million shares valued at $2.12 billion to account for 8.4742 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 43.78 million shares representing 6.3846% and valued at over $1.6 billion, while STATE STREET CORP holds 4.6958 of the shares totaling 32.2 million with a market value of $1.19 billion.
Fifth Third Bancorp (FITB) Insider Activity
The most recent transaction is an insider sale by Shaffer Robert P, the company’s EVP and Chief Risk Officer. SEC filings show that Shaffer Robert P sold 25,000 shares of the company’s common stock on Nov 25 ’24 at a price of $48.65 per share for a total of $1.22 million. Following the sale, the insider now owns 0.17 million shares.
Still, SEC filings show that on Oct 28 ’24, Garrett Kristine R. (EVP) disposed off 7,500 shares at an average price of $43.67 for $0.33 million. The insider now directly holds 55,913 shares of Fifth Third Bancorp (FITB).
