Fifth Third Bancorp (NASDAQ: FITB) is -8.02% 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 $38.08 in the last trading session, with the day’s gains setting it 0.81%.
Currently trading at $38.89, the stock is 1.61% and 4.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.05 million and changing 2.13% at the moment leaves the stock -6.94% off its SMA200. FITB registered 5.82% gain for a year compared to 6-month loss of -19.25%. The firm has a 50-day simple moving average (SMA 50) of $37.0642 and a 200-day simple moving average (SMA200) of $41.7923.
The stock witnessed a 4.82% gain in the last 1 month and extending the period to 3 months gives it a -6.58%, and is 1.97% 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 1.21% over the week and 1.77% over the month.
Fifth Third Bancorp (FITB) has around 18616 employees, a market worth around $25.96B and $13.69B in sales. Current P/E ratio is 12.35 and Fwd P/E is 9.72. Profit margin for the company is 15.73%. Distance from 52-week low is 20.59% and -20.75% 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 12.37% this year.
Fifth Third Bancorp (FITB) Top Institutional Holders
1381.0 institutions hold shares in Fifth Third Bancorp (FITB), with institutional investors hold 86.58% of the company’s shares. The shares outstanding are 667.27M, and float is at 663.75M with Short Float at 2.84%. Institutions hold 86.22% 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 12.1004% 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).
