Fifth Third Bancorp (NASDAQ: FITB) has experienced a decline in its stock price by -1.91 compared to its previous closing price of 44.06. However, the company has seen a fall of -3.25% in its stock price over the last five trading days. businesswire.com reported 2024-10-23 that CINCINNATI–(BUSINESS WIRE)–Fifth Third has been named to Forbes’ Best for Customer Service 2025 list. This marks the second consecutive year Fifth Third’s customer service efforts have been recognized by Forbes. “We put the customer in the center of everything we do, so providing our customers with the best possible experience is at our core,” said Jamie Leonard, Chief Operating Officer at Fifth Third. “No matter where our customers interact with us, whether it’s at one of our branch location.
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 14.42x. The 36-month beta value for FITB is also noteworthy at 1.23. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 22 rating it as “hold,” and 2 rating it as “sell.”
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The public float for FITB is 673.27M, and at present, short sellers hold a 2.79% of that float. The average trading volume of FITB on October 28, 2024 was 3.99M shares.
FITB’s Market Performance
FITB stock saw an increase of -3.25% in the past week, with a monthly gain of 0.72% and a quarterly increase of 2.93%. The volatility ratio for the week is 2.24%, and the volatility levels for the last 30 days are 2.17% for Fifth Third Bancorp (FITB). The simple moving average for the last 20 days is -0.18% for FITB’s stock, with a simple moving average of 13.63% for the last 200 days.
Analysts’ Opinion of FITB
Many brokerage firms have already submitted their reports for FITB stocks, with Wolfe Research repeating the rating for FITB by listing it as a “Outperform.” The predicted price for FITB in the upcoming period, according to Wolfe Research is $43 based on the research report published on May 31, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see FITB reach a price target of $39.50, previously predicting the price at $37.50. The rating they have provided for FITB stocks is “Overweight” according to the report published on May 01st, 2024.
Robert W. Baird gave a rating of “Neutral” to FITB, setting the target price at $32 in the report published on April 01st of the current year.
FITB Trading at 1.70% 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 -5.45% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +0.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.08% upper at present.
During the last 5 trading sessions, FITB fell by -3.25%, which changed the moving average for the period of 200-days by +22.23% in comparison to the 20-day moving average, which settled at $43.30. In addition, Fifth Third Bancorp saw 25.31% 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 7,100 shares at the price of $41.72 back on Sep 09 ’24. After this action, Garrett Kristine R. now owns 63,813 shares of Fifth Third Bancorp, valued at $296,213 using the latest closing price.
Garrett Kristine R., the Officer of Fifth Third Bancorp, proposed sale 7,100 shares at $41.43 during a trade that took place back on Sep 09 ’24, which means that Garrett Kristine R. is holding shares at $294,153 based on the most recent closing price.
Stock Fundamentals for FITB
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 1.0 for the gross margin
The net margin for Fifth Third Bancorp stands at 0.17. The total capital return value is set at 0.04. Equity return is now at value 11.92, with 1.04 for asset returns.
Based on Fifth Third Bancorp (FITB), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is 1.62.
Currently, EBITDA for the company is 481.0 million with net debt to EBITDA at 24.37. When we switch over and look at the enterprise to sales, we see a ratio of 3.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
Conclusion
In summary, Fifth Third Bancorp (FITB) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
