At the time of writing, Fifth Third Bancorp [FITB] stock is trading at $40.17, saw in change for the day. An important factor to consider is whether the stock is rising or falling in short-term value. The FITB shares have gain 1.80% over the last week, with a monthly amount drifted -6.60%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Fifth Third Bancorp fluctuated between $33.82 and $49.07. Currently, Wall Street analysts expect the stock to reach $45.67 within the next 12 months. Fifth Third Bancorp [NASDAQ: FITB] shares were valued at $40.17 at the most recent close of the market. An investor can expect a potential return of 13.69% based on the average FITB price forecast.
Analyzing the FITB fundamentals
According to Fifth Third Bancorp [NASDAQ:FITB], the company’s sales were 13.89B for trailing twelve months, which represents an 9.89% jump. Gross Profit Margin for this corporation currently stands at 1.12% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.94.
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 39.84 points at the first support level, and at 39.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.67, and for the 2nd resistance point, it is at 41.17.
Ratios To Look Out For
It is important to note that Fifth Third Bancorp [NASDAQ:FITB] has a current ratio of 0.26. Considering the valuation of this stock, the price to sales ratio is 1.93, the price to book ratio is 1.54 and price to earnings (TTM) ratio is 12.81.
Transactions by insiders
Recent insider trading involved Leonard James C., EVP & Chief Operating Officer, that happened on Feb 19 ’25 when 17200.0 shares were sold. EVP, Lavender Kevin P completed a deal on Feb 20 ’25 to sell 21700.0 shares. Meanwhile, EVP Gibson Kala sold 8998.0 shares on Feb 20 ’25.
