Fifth Third Bancorp [FITB] Revenue clocked in at $6.59 billion, up 10.64% YTD: What’s Next?

Fifth Third Bancorp [NASDAQ: FITB] price surged by 0.64 percent to reach at $0.23. The company report on February 28, 2023 that Fifth Third Bancorp to Participate in the RBC Capital Markets Financial Institutions Conference.

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Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2023 RBC Capital Markets Financial Institutions Conference on March 8, 2023, at approximately 8:00 AM ET. Tim Spence, president and chief executive officer, and Jamie Leonard, executive vice president and chief financial officer, will represent the Company.

Audio webcast and any presentation slides may be viewed live and for approximately 14 days after the conference through the Investor Relations section of Additionally, any slides used in the presentation will be made available in a printer-friendly format on the Company’s website.

A sum of 5626601 shares traded at recent session while its average daily volume was at 4.98M shares. Fifth Third Bancorp shares reached a high of $36.63 and dropped to a low of $36.185 until finishing in the latest session at $36.30.

The one-year FITB stock forecast points to a potential upside of 9.48. The average equity rating for FITB stock is currently 2.10, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $40.10 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 2.10. 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.

DA Davidson have made an estimate for Fifth Third Bancorp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 21, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on December 05, 2022, representing the official price target for Fifth Third Bancorp stock. Previously, the target price had yet another raise to $39, while Wedbush analysts kept a Outperform rating on FITB stock.

The Average True Range (ATR) for Fifth Third Bancorp is set at 0.76, with the Price to Sales ratio for FITB stock in the period of the last 12 months amounting to 3.74. The Price to Book ratio for the last quarter was 1.71, with the Price to Cash per share for the same quarter was set at 14.85. Price to Free Cash Flow for FITB in the course of the last twelve months was 6.20.

FITB Stock Performance Analysis:

Fifth Third Bancorp [FITB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.67. With this latest performance, FITB shares gained by 0.55% in over the last four-week period, additionally plugging by 3.86% over the last 6 months – not to mention a drop of -24.52% 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 51.22, with the RSI for the last a single of trading hit 47.61, and the three-weeks RSI is set at 52.92 for Fifth Third Bancorp [FITB]. The present Moving Average for the last 50 days of trading for this stock 34.96, while it was recorded at 36.13 for the last single week of trading, and 34.92 for the last 200 days.

Insight into Fifth Third Bancorp Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Fifth Third Bancorp [FITB] shares currently have an operating margin of +33.06. Fifth Third Bancorp’s Net Margin is presently recorded at +26.15.

Return on Equity for this stock inclined to 12.37, with Return on Assets sitting at 1.17.


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 4.84%.

Fifth Third Bancorp [FITB] Insider Position Details

There are presently around $20,280 million, or 83.00% of FITB stock, in the hands of institutional investors. The top three institutional holders of FITB stocks are: VANGUARD GROUP INC with ownership of 86,386,101, which is approximately 0.98% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 55,320,766 shares of the stock with an approximate value of $2.01 billion in FITB stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.36 billion in FITB stock with ownership of nearly 23.219% of the company’s market capitalization.

Positions in Fifth Third Bancorp stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 392 institutional holders increased their position in Fifth Third Bancorp [NASDAQ:FITB] by around 33,938,274 shares. Additionally, 367 investors decreased positions by around 36,746,480 shares, while 172 investors held positions by with 487,988,885 shares. The mentioned changes placed institutional holdings at 558,673,639 shares, according to the latest SEC report filing. FITB stock had 107 new institutional investments in for a total of 4,271,294 shares, while 49 institutional investors sold positions of 1,360,656 shares during the same period.


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