The stock of Fifth Third Bancorp (FITB) has gone up by 9.98% for the week, with a 10.59% rise in the past month and a 7.32% rise in the past quarter. The volatility ratio for the week is 2.62%, and the volatility levels for the past 30 days are 3.14% for FITB. The simple moving average for the last 20 days is 11.37% for FITB stock, with a simple moving average of 0.82% for the last 200 days.
Is It Worth Investing in Fifth Third Bancorp (NASDAQ: FITB) Right Now?
The price-to-earnings ratio for Fifth Third Bancorp (NASDAQ: FITB) is above average at 7.86x. The 36-month beta value for FITB is also noteworthy at 1.27. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for FITB is $30.79, which is $3.23 above than the current price. The public float for FITB is 677.24M, and at present, short sellers hold a 2.23% of that float. The average trading volume of FITB on November 20, 2023 was 5.33M shares.
FITB) stock’s latest price update
Fifth Third Bancorp (NASDAQ: FITB)’s stock price has increased by 1.58 compared to its previous closing price of 27.13. However, the company has seen a 9.98% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-16 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
FITB Trading at 9.33% 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 -27.58% of loss for the given period.
Volatility was left at 3.14%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares surge +18.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.35% upper at present.
During the last 5 trading sessions, FITB rose by +9.98%, which changed the moving average for the period of 200-days by -27.19% in comparison to the 20-day moving average, which settled at $24.96. In addition, Fifth Third Bancorp saw -16.00% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FITB starting from Daniels C. Bryan, who purchase 64,500 shares at the price of $23.31 back on Oct 30. After this action, Daniels C. Bryan now owns 325,278 shares of Fifth Third Bancorp, valued at $1,503,495 using the latest closing price.
Bayh Evan, the Director of Fifth Third Bancorp, purchase 5,000 shares at $24.82 during a trade that took place back on May 03, which means that Bayh Evan is holding 73,700 shares at $124,100 based on the most recent closing price.
Stock Fundamentals for FITB
Current profitability levels for the company are sitting at:
- +31.21 for the present operating margin
The net margin for Fifth Third Bancorp stands at +25.40. The total capital return value is set at 8.84, while invested capital returns managed to touch 7.76. Equity return is now at value 15.35, with 1.22 for asset returns.
Based on Fifth Third Bancorp (FITB), the company’s capital structure generated 86.86 points at debt to equity in total, while total debt to capital is 46.49. Total debt to assets is 7.26, with long-term debt to equity ratio resting at 85.81. Finally, the long-term debt to capital ratio is 40.31.
When we switch over and look at the enterprise to sales, we see a ratio of 2.53, with the company’s debt to enterprise value settled at 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.17.
Conclusion
In summary, Fifth Third Bancorp (FITB) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
