The stock of Fifth Third Bancorp (FITB) has seen a 2.70% increase in the past week, with a 7.65% gain in the past month, and a 14.08% flourish in the past quarter. The volatility ratio for the week is 1.76%, and the volatility levels for the past 30 days are at 2.17% for FITB.. The simple moving average for the past 20 days is 5.62% for FITB’s stock, with a 23.73% simple moving average for the past 200 days.
Is It Worth Investing in Fifth Third Bancorp (NASDAQ: FITB) Right Now?
Fifth Third Bancorp (NASDAQ: FITB) has a higher price-to-earnings ratio of 12.12x 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 May 07, 2024 was 5.07M shares.
FITB) stock’s latest price update
Fifth Third Bancorp (NASDAQ: FITB)’s stock price has gone rise by 1.17 in comparison to its previous close of 37.56, however, the company has experienced a 2.70% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-04-24 that Fifth Third Bancorp: Expensive For The Right Reasons
Analysts’ Opinion of FITB
Many brokerage firms have already submitted their reports for FITB stocks, with JP Morgan repeating the rating for FITB by listing it as a “Overweight.” The predicted price for FITB in the upcoming period, according to JP Morgan is $39.50 based on the research report published on May 01, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see FITB reach a price target of $32. The rating they have provided for FITB stocks is “Neutral” according to the report published on April 01st, 2024.
Stephens gave a rating of “Equal-Weight” to FITB, setting the target price at $41 in the report published on March 19th of the current year.
FITB Trading at 6.14% 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 able to rebound, for now settling with 0.61% of gains for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares surge +5.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.37% upper at present.
During the last 5 trading sessions, FITB rose by +2.70%, which changed the moving average for the period of 200-days by +29.87% in comparison to the 20-day moving average, which settled at $36.07. In addition, Fifth Third Bancorp saw 10.18% 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 Schramm Jude, who sale 2,500 shares at the price of $37.50 back on May 01 ’24. After this action, Schramm Jude now owns 136,922 shares of Fifth Third Bancorp, valued at $93,750 using the latest closing price.
Garrett Kristine R., the EVP of Fifth Third Bancorp, sale 7,500 shares at $36.59 during a trade that took place back on Apr 23 ’24, which means that Garrett Kristine R. is holding 70,913 shares at $274,457 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 3.79. 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.
