The stock of Fifth Third Bancorp (FITB) has seen a 7.83% increase in the past week, with a -2.78% drop in the past month, and a -1.42% decrease in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are at 2.24% for FITB. The simple moving average for the last 20 days is 3.72% for FITB stock, with a simple moving average of 8.47% 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 14.79x, Company’s 36-month beta value is 1.26.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 5 as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for FITB is 667.05M, and currently, short sellers hold a 3.02% ratio of that floaft. The average trading volume of FITB on January 20, 2025 was 4.53M shares.
FITB) stock’s latest price update
The stock of Fifth Third Bancorp (NASDAQ: FITB) has increased by 2.47 when compared to last closing price of 43.27. Despite this, the company has experienced a 7.83% gain in its stock price over the last five trading sessions. forbes.com reported 2025-01-19 that The monthly S&P 500 and NASDAQ composite cycles bottomed last week. There may be a minor pullback next month, but the overall uptrend is intact.
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 previous 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 previous year.
FITB Trading at -1.77% 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 -9.64% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares sank -1.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.53% upper at present.
During the last 5 trading sessions, FITB rose by +7.83%, which changed the moving average for the period of 200-days by +23.24% in comparison to the 20-day moving average, which settled at $42.75. In addition, Fifth Third Bancorp saw 4.87% 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 Shaffer Robert P, who sale 25,000 shares at the price of $48.65 back on Nov 25 ’24. After this action, Shaffer Robert P now owns 169,922 shares of Fifth Third Bancorp, valued at $1,216,194 using the latest closing price.
Shaffer Robert P, the Officer of Fifth Third Bancorp, proposed sale 25,000 shares at $48.65 during a trade that took place back on Nov 25 ’24, which means that Shaffer Robert P is holding shares at $1,216,194 based on the most recent closing price.
Stock Fundamentals for FITB
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 1.11 for the gross margin
The net margin for Fifth Third Bancorp stands at 0.18. The total capital return value is set at 0.02. 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 0.27. The debt to equity ratio resting at 0.87. The interest coverage ratio of the stock is 1.22.
Currently, EBITDA for the company is 3.47 billion with net debt to EBITDA at 5.75. When we switch over and look at the enterprise to sales, we see a ratio of 3.69. The receivables turnover for the company is 4.23for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.29.
Conclusion
In a nutshell, Fifth Third Bancorp (FITB) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
