Fifth Third Bancorp (NASDAQ: FITB) is 1.73% higher on its value in year-to-date trading and has touched a low of $33.03 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 $42.99 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $43.01, the stock is -1.94% and -1.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.73 million and changing 0.05% at the moment leaves the stock 2.74% off its SMA200. FITB registered 28.77% gain for a year compared to 6-month gain of 4.90%.
The stock witnessed a -2.65% loss in the last 1 month and extending the period to 3 months gives it a -7.13%, and is -3.26% 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 2.06% over the week and 1.79% over the month.
Fifth Third Bancorp (FITB) has around 18616 employees, a market worth around $28.84B and $13.89B in sales. Current P/E ratio is 13.71 and Fwd P/E is 10.44. Profit margin for the company is 15.51%. Distance from 52-week low is 30.20% and -12.35% from its 52-week high. The company has generated returns on investments over the last 12 months (6.54%).
The EPS is expected to grow by 16.43% this year.
Fifth Third Bancorp (FITB) Top Institutional Holders
The shares outstanding are 669.85M, and float is at 667.08M with Short Float at 3.74%.
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 6.375% and valued at over $1.6 billion, while STATE STREET CORP holds 4.6888 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 Leonard James C., the company’s EVP & Chief Operating Officer. SEC filings show that Leonard James C. sold 17,200 shares of the company’s common stock on Feb 19 ’25 at a price of $44.26 per share for a total of $0.76 million. Following the sale, the insider now owns 0.24 million shares.
Fifth Third Bancorp disclosed in a document filed with the SEC on Feb 20 ’25 that Lavender Kevin P (EVP) sold a total of 21,700 shares of the company’s common stock. The trade occurred on Feb 20 ’25 and was made at $43.55 per share for $0.95 million. Following the transaction, the insider now directly holds 0.13 million shares of the FITB stock.
Still, SEC filings show that on Feb 20 ’25, Gibson Kala (EVP) disposed off 8,998 shares at an average price of $43.64 for $0.39 million. The insider now directly holds 48,513 shares of Fifth Third Bancorp (FITB).
