Fifth Third Bancorp [NASDAQ: FITB] traded at a low on 09/18/23, posting a -1.13 loss after which it closed the day’ session at $27.13. The company report on September 11, 2023 at 4:14 PM that Fifth Third Bancorp Increases Quarterly Cash Dividend on its Common Shares 2 cents, or 6%, to $0.35 per Share.
Marks 8th consecutive year of increased common dividend per share, reflecting a resilient balance sheet and strong earnings profile.
The results of the trading session contributed to over 4866132 shares changing hands. Over the past one week, the price volatility of Fifth Third Bancorp stands at 3.05% while the volatility over the past one month is 2.48%.
The market cap for FITB stock reached $18.53 billion, with 684.03 million shares outstanding and 677.50 million shares in the current float. Compared to the average trading volume of 5.20M shares, FITB reached a trading volume of 4866132 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $32.13 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 2.00. 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.
Raymond James have made an estimate for Fifth Third Bancorp shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on August 24, 2023.
The Average True Range (ATR) for Fifth Third Bancorp is set at 0.70, with the Price to Sales ratio for FITB stock in the period of the last 12 months amounting to 2.20. The Price to Book ratio for the last quarter was 1.18, with the Price to Cash per share for the same quarter was set at 21.49. Price to Free Cash Flow for FITB in the course of the last twelve months was 3.64.
How has FITB stock performed recently?
Fifth Third Bancorp [FITB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.38. With this latest performance, FITB shares gained by 5.28% in over the last four-week period, additionally plugging by 8.74% over the last 6 months – not to mention a drop of -24.18% 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 53.38, with the RSI for the last a single of trading hit 55.17, and the three-weeks RSI is set at 52.13 for Fifth Third Bancorp [FITB]. The present Moving Average for the last 50 days of trading for this stock 27.21, while it was recorded at 27.36 for the last single week of trading, and 29.25 for the last 200 days.
Fifth Third Bancorp [FITB]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Fifth Third Bancorp [FITB] shares currently have an operating margin of +31.21. Fifth Third Bancorp’s Net Margin is presently recorded at +25.40.
Return on Total Capital for FITB is now 8.84, given the latest momentum, and Return on Invested Capital for the company is 7.76. Return on Equity for this stock inclined to 12.36, with Return on Assets sitting at 1.17. When it comes to the capital structure of this company, Fifth Third Bancorp [FITB] has a Total Debt to Total Equity ratio set at 86.86. Additionally, FITB Total Debt to Total Capital is recorded at 46.49, with Total Debt to Total Assets ending up at 7.26. Long-Term Debt to Equity for the company is recorded at 85.81, with the Long-Term Debt to Total Capital now at 40.31.
Reflecting on the efficiency of the workforce at the company, Fifth Third Bancorp [FITB] managed to generate an average of $126,508 per employee.
Earnings analysis for Fifth Third Bancorp [FITB]
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%.
Insider trade positions for Fifth Third Bancorp [FITB]
The top three institutional holders of FITB stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in FITB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in FITB stock with ownership which is approximately 5.7381%.