A share price of Fifth Third Bancorp [FITB] is currently trading at $34.34, up 2.26%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FITB shares have gain 2.81% over the last week, with a monthly amount drifted -2.91%, and not seem to be holding up well over a long-time horizon.
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On 29, February 2024, New $1.1 Million Investment from Fifth Third Foundation Advances NMSDC Centers of Excellence Certificate Program. In a post published today on Yahoo Finance, Organizations Announce 2023 Centers of Excellence Graduates.
From an analyst’s perspective:
Fifth Third Bancorp [NASDAQ: FITB] stock has seen the most recent analyst activity on January 09, 2024, when Keefe Bruyette downgraded its rating to a Mkt Perform and also boosted its price target to $37 from $33. On April 06, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $34 on the stock. DA Davidson started tracking the stock assigning a Neutral rating and suggested a price target of $36 on December 21, 2022. In a note dated June 17, 2022, Robert W. Baird upgraded an Outperform rating on this stock but restated the target price of $44.
Fifth Third Bancorp experienced fluctuations in its stock price throughout the past year between $22.11 and $36.67. Currently, Wall Street analysts expect the stock to reach $39.5 within the next 12 months. Fifth Third Bancorp [NASDAQ: FITB] shares were valued at $34.34 at the most recent close of the market. An investor can expect a potential return of 15.03% based on the average FITB price forecast.
Analyzing the FITB fundamentals
Trailing Twelve Months sales for Fifth Third Bancorp [NASDAQ:FITB] were 12.70B which represents 24.42% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.58%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.01 points at the first support level, and at 33.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.59, and for the 2nd resistance point, it is at 34.83.
Fifth Third Bancorp [FITB] reported earnings per share of $0.96 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.85/share, meaning a difference of $0.11 and a surprise factor of 12.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.91 per share as compared to estimates of $0.82 per share, a difference of $0.09 representing a surprise of 11.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fifth Third Bancorp [NASDAQ:FITB] is 0.29. Considering the valuation of this stock, the price to sales ratio is 1.84, the price to book ratio is 1.37 and price to earnings (TTM) ratio is 10.68.
Transactions by insiders
Recent insider trading involved Lavender Kevin P, EVP, that happened on Feb 26 when 15000.0 shares were sold. Chair, CEO & President, Spence Timothy completed a deal on Feb 16 to sell 5447.0 shares. Meanwhile, Director Daniels C. Bryan bought 64500.0 shares on Oct 30.
