At the time of writing, Fifth Third Bancorp [FITB] stock is trading at $34.10, up 0.03%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FITB shares have lost -1.98% over the last week, with a monthly amount drifted -4.67%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Fifth Third Bancorp [NASDAQ: FITB] stock has seen the most recent analyst activity on April 01, 2024, when Robert W. Baird downgraded its rating to a Neutral but kept the price target unchanged to $32 for it. Previously, Stephens downgraded its rating to Equal-Weight on March 19, 2024, and kept the price target unchanged to $41. On January 09, 2024, downgrade downgraded it’s rating to Mkt Perform and revised its price target to $37 on the stock. Raymond James started tracking the stock assigning a Mkt Perform rating. Keefe Bruyette upgraded its rating to a Outperform and reduced its price target to $34 on April 06, 2023. DA Davidson started tracking with a Neutral rating for this stock on December 21, 2022, and assigned it a price target of $36.
For the past year, the stock price of Fifth Third Bancorp fluctuated between $22.46 and $37.41. Currently, Wall Street analysts expect the stock to reach $36.64 within the next 12 months. Fifth Third Bancorp [NASDAQ: FITB] shares were valued at $34.10 at the most recent close of the market. An investor can expect a potential return of 7.45% based on the average FITB price forecast.
Analyzing the FITB fundamentals
According to Fifth Third Bancorp [NASDAQ:FITB], the company’s sales were 12.70B for trailing twelve months, which represents an 24.42% jump. 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 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.01.
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 33.79 points at the first support level, and at 33.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.54, and for the 2nd resistance point, it is at 34.99.
Ratios To Look Out For
It is important to note that Fifth Third Bancorp [NASDAQ:FITB] has a current ratio of 0.29. Considering the valuation of this stock, the price to sales ratio is 1.83, the price to book ratio is 1.36 and price to earnings (TTM) ratio is 10.60.
Transactions by insiders
Recent insider trading involved Schramm Jude, EVP & CIO, that happened on Mar 25 ’24 when 5000.0 shares were sold. EVP & Chief Operating Officer, Leonard James C. completed a deal on Mar 11 ’24 to sell 26500.0 shares. Meanwhile, EVP Lavender Kevin P sold 15000.0 shares on Feb 26 ’24.
