Fifth Third Bancorp (NASDAQ: FITB) has a higher price-to-earnings ratio of 11.80x compared to its average ratio, The 36-month beta value for FITB is at 1.26. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 22 as “hold,” and 2 as “sell.”
The public float for FITB is 679.02M, and currently, shorts hold a 3.63% of that float. The average trading volume for FITB on April 30, 2024 was 5.23M shares.
FITB) stock’s latest price update
Fifth Third Bancorp (NASDAQ: FITB)’s stock price has plunge by 0.27relation to previous closing price of 36.90. Nevertheless, the company has seen a 1.23% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-24 that Fifth Third Bancorp: Expensive For The Right Reasons
FITB’s Market Performance
Fifth Third Bancorp (FITB) has experienced a 1.23% rise in stock performance for the past week, with a -0.56% drop in the past month, and a 4.14% rise in the past quarter. The volatility ratio for the week is 1.74%, and the volatility levels for the past 30 days are at 2.23% for FITB. The simple moving average for the last 20 days is 3.69% for FITB stock, with a simple moving average of 21.40% for the last 200 days.
Analysts’ Opinion of FITB
Many brokerage firms have already submitted their reports for FITB stocks, with Robert W. Baird repeating the rating for FITB by listing it as a “Neutral.” The predicted price for FITB in the upcoming period, according to Robert W. Baird is $32 based on the research report published on April 01, 2024 of the current year 2024.
Stephens, on the other hand, stated in their research note that they expect to see FITB reach a price target of $41. The rating they have provided for FITB stocks is “Equal-Weight” according to the report published on March 19th, 2024.
Keefe Bruyette gave a rating of “Mkt Perform” to FITB, setting the target price at $37 in the report published on January 09th of the current year.
FITB Trading at 4.31% 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 -1.10% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares surge +0.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.14% upper at present.
During the last 5 trading sessions, FITB rose by +1.23%, which changed the moving average for the period of 200-days by +34.94% in comparison to the 20-day moving average, which settled at $35.70. In addition, Fifth Third Bancorp saw 7.28% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FITB starting from Garrett Kristine R., who sale 7,500 shares at the price of $36.59 back on Apr 23 ’24. After this action, Garrett Kristine R. now owns 70,913 shares of Fifth Third Bancorp, valued at $274,457 using the latest closing price.
Gibson Kala, the EVP of Fifth Third Bancorp, sale 14,857 shares at $36.38 during a trade that took place back on Apr 22 ’24, which means that Gibson Kala is holding 46,646 shares at $540,549 based on the most recent closing price.
Stock Fundamentals for FITB
Current profitability levels for the company are sitting at:
- 0.45 for the present operating margin
- 1.0 for the gross margin
The net margin for Fifth Third Bancorp stands at 0.21. The total capital return value is set at 0.04. Equity return is now at value 12.36, with 1.09 for asset returns.
Based on Fifth Third Bancorp (FITB), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is 1.96.
Currently, EBITDA for the company is 481.0 million with net debt to EBITDA at 9.27. When we switch over and look at the enterprise to sales, we see a ratio of 3.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
Conclusion
In conclusion, Fifth Third Bancorp (FITB) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
