Fifth Third Bancorp [NASDAQ: FITB] plunged by -$1.29 during the normal trading session on while it closed the day at $32.82. The company report on February 7, 2024 at 9:00 AM that Fifth Third Named One of America’s Most JUST Companies by JUST Capital and CNBC.
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For a second consecutive year, Fifth Third was named to the JUST 100 list, part of JUST Capital and CNBC’s 2024 Rankings of America’s Most JUST Companies.
Fifth Third Bancorp stock has also loss -1.94% of its value over the past 7 days. However, FITB stock has inclined by 30.97% in the 3 months of the year. Over the past six months meanwhile, it has gained 22.51% and lost -4.84% year-on date.
The market cap for FITB stock reached $22.35 billion, with 681.12 million shares outstanding and 677.20 million shares in the current float. Compared to the average trading volume of 5.60M shares, FITB reached a trading volume of 7362160 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $38.69 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 1.88. 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.
Keefe Bruyette have made an estimate for Fifth Third Bancorp shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 09, 2024.
The Average True Range (ATR) for Fifth Third Bancorp is set at 0.94, with the Price to Sales ratio for FITB stock in the period of the last 12 months amounting to 1.79. The Price to Book ratio for the last quarter was 1.31. Price to Free Cash Flow for FITB in the course of the last twelve months was 7.98.
FITB stock trade performance evaluation
Fifth Third Bancorp [FITB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.94. With this latest performance, FITB shares dropped by -4.48% in over the last four-week period, additionally plugging by 22.51% over the last 6 months – not to mention a drop of -11.70% 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 41.62, with the RSI for the last a single of trading hit 35.76, and the three-weeks RSI is set at 46.62 for Fifth Third Bancorp [FITB]. The present Moving Average for the last 50 days of trading for this stock 33.78, while it was recorded at 33.47 for the last single week of trading, and 27.98 for the last 200 days.
Fifth Third Bancorp [FITB]: An insightful look at the core fundamentals
Fifth Third Bancorp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.32.
Earnings per share (EPS) analysis for Fifth Third Bancorp [FITB] stock
With the latest financial reports released by the company, Fifth Third Bancorp posted 0.78/share EPS, while the average EPS was predicted by analysts to be reported at 0.79/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.30%. 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]: Institutional Ownership
The top three institutional holders of FITB stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in FITB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in FITB stock with ownership which is approximately 5.8325%.
