Fifth Third Bancorp (NASDAQ: FITB) is -6.24% lower on its value in year-to-date trading and has touched a low of $32.25 and a high of $49.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FITB stock was last observed hovering at around $39.49 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $39.64, the stock is 7.49% and 6.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.13 million and changing 0.38% at the moment leaves the stock -5.35% off its SMA200. FITB registered 3.04% gain for a year compared to 6-month loss of -15.96%.
The stock witnessed a 15.23% gain in the last 1 month and extending the period to 3 months gives it a -10.03%, and is 6.13% 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 1.24% over the week and 2.16% over the month.
Fifth Third Bancorp (FITB) has around 18616 employees, a market worth around $26.46B and $13.69B in sales. Current P/E ratio is 12.59 and Fwd P/E is 9.93. Profit margin for the company is 15.73%. Distance from 52-week low is 22.91% and -19.22% from its 52-week high. The company has generated returns on investments over the last 12 months (6.16%).
The EPS is expected to grow by 12.19% this year.
Fifth Third Bancorp (FITB) Top Institutional Holders
The shares outstanding are 667.27M, and float is at 663.75M with Short Float at 2.90%.
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 12.1004% 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 8.4615 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
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Fifth Third Bancorp disclosed in a document filed with the SEC on Feb 19 ’25 that Leonard James C. (EVP & Chief Operating Officer) sold a total of 17,200 shares of the company’s common stock. The trade occurred on Feb 19 ’25 and was made at $44.26 per share for $0.76 million. Following the transaction, the insider now directly holds 0.24 million shares of the FITB stock.
Still, SEC filings show that on Feb 20 ’25, Lavender Kevin P (EVP) disposed off 21,700 shares at an average price of $43.55 for $0.95 million. The insider now directly holds 130,856 shares of Fifth Third Bancorp (FITB).
