Fifth Third Bancorp (NASDAQ:FITB) went down by -0.42% from its latest closing price compared to the recent 1-year high of $40.80. The company’s stock price has collected 5.74% of gains in the last five trading sessions. Press Release reported on 04/30/21 that Fifth Third Bank Announces Redemption of Senior Bank Notes due July 26, 2021
Is It Worth Investing in Fifth Third Bancorp (NASDAQ :FITB) Right Now?
Fifth Third Bancorp (NASDAQ:FITB) scored a price-to-earnings ratio above its average ratio, recording 14.92 x from its present earnings ratio. Plus, the 36-month beta value for FITB is at 1.59. Opinions of the stock are interesting as 15 analysts out of 23 who provided ratings for Fifth Third Bancorp declared the stock was a “buy,” while 1 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $42.90, which is $2.59 above the current price. FITB currently public float of 709.52M and currently shorts hold a 0.99% ratio of that float. Today, the average trading volume of FITB was 6.34M shares.
FITB’s Market Performance
FITB stocks went up by 5.74% for the week, with a monthly jump of 8.25% and a quarterly performance of 40.13%, while its annual performance rate touched 116.91%. The volatility ratio for the week stands at 1.79% while the volatility levels for the past 30 days are set at 2.42% for Fifth Third Bancorp. The simple moving average for the period of the last 20 days is 5.74% for FITB stocks with a simple moving average of 45.46% for the last 200 days.
Analysts’ Opinion of FITB
Many brokerage firms have already submitted their reports for FITB stocks, with Goldman repeating the rating for FITB by listing it as a “Buy.” The predicted price for FITB in the upcoming period, according to Goldman is $35 based on the research report published on January 07th of the current year 2021.
Evercore ISI, on the other hand, stated in their research note that they expect to see FITB reach a price target of $28. The rating they have provided for FITB stocks is “In-line” according to the report published on December 07th, 2020.
UBS gave a rating of “Neutral” to FITB, setting the target price at $23 in the report published on October 30th of the previous year.
FITB Trading at 8.30% from the 50-Day Moving Average
After a stumble in the market that brought FITB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.64% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares surge +6.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.03% upper at present.
During the last 5 trading sessions, FITB rose by +5.74%, which changed the moving average for the period of 200-days by +111.48% in comparison to the 20-day moving average, which settled at $38.47. In addition, Fifth Third Bancorp saw 47.04% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at FITB starting from Stein Richard L., who sale 18,472 shares at the price of $39.10 back on Apr 26. After this action, Stein Richard L. now owns 40,208 shares of Fifth Third Bancorp, valued at $722,255 using the latest closing price.
Garrett Kristine R., the EVP of Fifth Third Bancorp, sale 3,700 shares at $39.10 during a trade that took place back on Apr 26, which means that Garrett Kristine R. is holding 49,703 shares at $144,670 based on the most recent closing price.
Stock Fundamentals for FITB
Current profitability levels for the company are sitting at:
- +21.38 for the present operating margin
The net margin for Fifth Third Bancorp stands at +17.32. The total capital return value is set at 4.53, while invested capital returns managed to touch 4.11. Equity return is now at value 7.00, with 0.70 for asset returns.
Based on Fifth Third Bancorp (FITB), the company’s capital structure generated 73.52 points at debt to equity in total, while total debt to capital is 42.37. Total debt to assets is 8.30, with long-term debt to equity ratio resting at 58.27. Finally, the long-term debt to capital ratio is 30.51.
When we switch over and look at the enterprise to sales, we see a ratio of 4.33, with the company’s debt to enterprise value settled at 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.25.