Fifth Third Bancorp [FITB] Revenue clocked in at $5.57 billion, up 31.48% YTD: What’s Next?

Fifth Third Bancorp [NASDAQ: FITB] gained 3.34% on the last trading session, reaching $36.25 price per share at the time. The company report on February 24, 2021 that New Fifth Third Momentum® Banking Offers Checking with No Monthly Fees and a Simple Digital Account Opening Experience.

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Fifth Third Bank, National Association, announced its launch of Fifth Third Momentum® Banking, a program focused on solving our customers’ everyday banking needs. Fifth Third Momentum is a robust solution that helps customers get paid, pay bills, pay others and save for the future.

Some of the key features include a checking account with no monthly fees and fraud protection options. Paired with our mobile banking app, Fifth Third Cash/Back Credit Card, and Fifth Third Identity Alert® solution, Fifth Third offers the services customers say they want most to help them reach their financial goals.

Fifth Third Bancorp represents 715.10 million in outstanding shares, while the company has a total market value of $24.84 billion with the latest information. FITB stock price has been found in the range of $35.18 to $36.36.

If compared to the average trading volume of 4.87M shares, FITB reached a trading volume of 8044303 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Fifth Third Bancorp [FITB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FITB shares is $34.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FITB stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Fifth Third Bancorp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 07, 2021. The new note on the price target was released on December 07, 2020, representing the official price target for Fifth Third Bancorp stock. Previously, the target price had yet another raise to $23, while UBS analysts kept a Neutral rating on FITB stock.

The Average True Range (ATR) for Fifth Third Bancorp is set at 0.99, with the Price to Sales ratio for FITB stock in the period of the last 12 months amounting to 4.46. The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 51.06. Price to Free Cash Flow for FITB in the course of the last twelve months was 12.47.

Trading performance analysis for FITB stock

Fifth Third Bancorp [FITB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.11. With this latest performance, FITB shares gained by 19.24% in over the last four-week period, additionally plugging by 76.83% over the last 6 months – not to mention a rise of 33.91% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FITB stock in for the last two-week period is set at 77.21, with the RSI for the last a single of trading hit 83.61, and the three-weeks RSI is set at 72.94 for Fifth Third Bancorp [FITB]. The present Moving Average for the last 50 days of trading for this stock 30.37, while it was recorded at 34.79 for the last single week of trading, and 23.78 for the last 200 days.

Fifth Third Bancorp [FITB]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Fifth Third Bancorp [FITB] shares currently have an operating margin of +18.28. Fifth Third Bancorp’s Net Margin is presently recorded at +17.59.

Return on Total Capital for FITB is now 3.81, given the latest momentum, and Return on Invested Capital for the company is 3.92. Return on Equity for this stock inclined to 6.41, with Return on Assets sitting at 0.76. When it comes to the capital structure of this company, Fifth Third Bancorp [FITB] has a Total Debt to Total Equity ratio set at 71.24. Additionally, FITB Total Debt to Total Capital is recorded at 41.60, with Total Debt to Total Assets ending up at 8.04. Long-Term Debt to Equity for the company is recorded at 71.32, with the Long-Term Debt to Total Capital now at 37.83.

Fifth Third Bancorp [FITB]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Fifth Third Bancorp posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.33/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -87.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FITB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fifth Third Bancorp go to -2.98%.

An analysis of insider ownership at Fifth Third Bancorp [FITB]

There are presently around $19,946 million, or 80.40% of FITB stock, in the hands of institutional investors. The top three institutional holders of FITB stocks are: VANGUARD GROUP INC with ownership of 82,390,760, which is approximately -1.573% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 56,398,478 shares of the stock with an approximate value of $2.04 billion in FITB stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.97 billion in FITB stock with ownership of nearly -16.435% of the company’s market capitalization.

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Positions in Fifth Third Bancorp stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 390 institutional holders increased their position in Fifth Third Bancorp [NASDAQ:FITB] by around 41,762,922 shares. Additionally, 278 investors decreased positions by around 56,316,697 shares, while 126 investors held positions by with 452,153,377 shares. The mentioned changes placed institutional holdings at 550,232,996 shares, according to the latest SEC report filing. FITB stock had 159 new institutional investments in for a total of 8,713,782 shares, while 47 institutional investors sold positions of 20,140,303 shares during the same period.

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