A share price of Fifth Third Bancorp [FITB] is currently trading at $43.84, up 2.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The FITB shares have gain 4.13% over the last week, with a monthly amount glided 6.49%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Fifth Third Bancorp [NASDAQ: FITB] stock has seen the most recent analyst activity on May 31, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $43 for it. Previously, JP Morgan upgraded its rating to Overweight on May 01, 2024, and elevated its price target to $39.50. On April 01, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $32 on the stock. Stephens downgraded its rating to a Equal-Weight but stick to its price target of $41 on March 19, 2024. Keefe Bruyette downgraded its rating to a Mkt Perform and raised its price target to $37 on January 09, 2024. In a note dated April 06, 2023, Keefe Bruyette upgraded an Outperform rating on this stock and revised its target price from $38 to $34.
Fifth Third Bancorp experienced fluctuations in its stock price throughout the past year between $22.49 and $43.85. Currently, Wall Street analysts expect the stock to reach $38.87 within the next 12 months. Fifth Third Bancorp [NASDAQ: FITB] shares were valued at $43.84 at the most recent close of the market. An investor can expect a potential drop of -11.34% based on the average FITB price forecast.
Analyzing the FITB fundamentals
Trailing Twelve Months sales for Fifth Third Bancorp [NASDAQ:FITB] were 13.29B which represents 11.25% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.41%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.03.
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 43.21 points at the first support level, and at 42.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.20, and for the 2nd resistance point, it is at 44.57.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fifth Third Bancorp [NASDAQ:FITB] is 0.27. Considering the valuation of this stock, the price to sales ratio is 2.23, the price to book ratio is 1.74 and price to earnings (TTM) ratio is 14.01.
Transactions by insiders
Recent insider trading involved Garrett Kristine R., EVP, that happened on Sep 09 ’24 when 7100.0 shares were sold. Officer, Garrett Kristine R. completed a deal on Sep 09 ’24 to buy 7100.0 shares. Meanwhile, EVP & CIO Schramm Jude sold 20000.0 shares on Aug 26 ’24.
