Fifth Third Bancorp [FITB] is -13.34% lower this YTD. Is it still time to buy?

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Fifth Third Bancorp [NASDAQ: FITB] gained 0.56% or 0.21 points to close at $37.74 with a heavy trading volume of 7723291 shares. The company report on April 28, 2022 that Fifth Third Bank Is Proud of the Positive Impact That Its Finance Academy Has on Students’ Lives.

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Northampton, MA –News Direct– Fifth Third Bancorp.

Fifth Third Bank is proud of the positive impact that its Finance Academy has on students’ lives. This school year, Fifth Third is awarding 28 high school students with a $2,500 college savings gift card as part of its annual Fifth Third Finance Academy scholarship contest at eligible schools. Finance Academy teaches foundation financial education and entrepreneurships at high schools throughout the Bank’s footprint, 50% of which are classified as low- and moderate-income.

It opened the trading session at $37.82, the shares rose to $38.035 and dropped to $36.97, the range by which the price of stock traded the whole day. The daily chart for FITB points out that the company has recorded -13.30% loss over the past six months. However, it is still -9.87% lower than its most recent low trading price.

If we look at the average trading volume of 6.68M shares, FITB reached to a volume of 7723291 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 $49.22 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.

Wells Fargo have made an estimate for Fifth Third Bancorp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 28, 2022. While these analysts kept the previous recommendation, Wolfe Research dropped their target price from $59 to $47. The new note on the price target was released on April 07, 2022, representing the official price target for Fifth Third Bancorp stock. Previously, the target price had yet another drop from $56 to $50, while Morgan Stanley kept a Equal-Weight rating on FITB stock.

The Average True Range (ATR) for Fifth Third Bancorp is set at 1.30, with the Price to Sales ratio for FITB stock in the period of the last 12 months amounting to 5.17. The Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 57.58.

Trading performance analysis for FITB stock

Fifth Third Bancorp [FITB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.73. With this latest performance, FITB shares dropped by -12.31% in over the last four-week period, additionally sinking by -13.30% over the last 6 months – not to mention a drop of -6.75% 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 35.02, with the RSI for the last a single of trading hit 34.70, and the three-weeks RSI is set at 36.56 for Fifth Third Bancorp [FITB]. The present Moving Average for the last 50 days of trading for this stock 43.22, while it was recorded at 38.03 for the last single week of trading, and 42.82 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 +42.00. Fifth Third Bancorp’s Net Margin is presently recorded at +34.09.

Return on Equity for this stock inclined to 12.19, with Return on Assets sitting at 1.33.

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

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 5.62%.

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

There are presently around $20,943 million, or 82.80% of FITB stock, in the hands of institutional investors. The top three institutional holders of FITB stocks are: VANGUARD GROUP INC with ownership of 83,040,329, which is approximately -3.094% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 53,486,431 shares of the stock with an approximate value of $2.02 billion in FITB stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.78 billion in FITB stock with ownership of nearly -0.979% of the company’s market capitalization.

413 institutional holders increased their position in Fifth Third Bancorp [NASDAQ:FITB] by around 16,591,547 shares. Additionally, 363 investors decreased positions by around 30,865,385 shares, while 193 investors held positions by with 507,464,716 shares. The mentioned changes placed institutional holdings at 554,921,648 shares, according to the latest SEC report filing. FITB stock had 121 new institutional investments in for a total of 2,125,430 shares, while 51 institutional investors sold positions of 1,568,763 shares during the same period.