Fifth Third Bancorp [NASDAQ: FITB] jumped around 0.14 points on Tuesday, while shares priced at $39.37 at the close of the session, up 0.36%.
Compared to the average trading volume of 4.33M shares, FITB reached a trading volume of 4594496 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $43.75 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 1.96. 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.
Wolfe Research have made an estimate for Fifth Third Bancorp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 31, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $37.50 to $39.50. The new note on the price target was released on May 01, 2024, representing the official price target for Fifth Third Bancorp stock. Previously, the target price had yet another raise to $32, while Robert W. Baird analysts kept a Neutral rating on FITB stock.
The Average True Range (ATR) for Fifth Third Bancorp is set at 1.11, with the Price to Sales ratio for FITB stock in the period of the last 12 months amounting to 2.03. The Price to Book ratio for the last quarter was 1.57. Price to Free Cash Flow for FITB in the course of the last twelve months was 8.42.
How has FITB stock performed recently?
Fifth Third Bancorp [FITB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.84. With this latest performance, FITB shares gained by 8.67% in over the last four-week period, additionally plugging by 18.19% over the last 6 months – not to mention a rise of 38.29% 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 48.23, with the RSI for the last a single of trading hit 40.76, and the three-weeks RSI is set at 51.61 for Fifth Third Bancorp [FITB]. The present Moving Average for the last 50 days of trading for this stock 37.89, while it was recorded at 40.24 for the last single week of trading, and 34.40 for the last 200 days.
Fifth Third Bancorp [FITB]: Deeper insight into the fundamentals
Fifth Third Bancorp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.31.
Earnings analysis for Fifth Third Bancorp [FITB]
With the latest financial reports released by the company, Fifth Third Bancorp posted 0.91/share EPS, while the average EPS was predicted by analysts to be reported at 0.82/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.00%. 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 1.70%.
Insider trade positions for Fifth Third Bancorp [FITB]
The top three institutional holders of FITB stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in FITB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in FITB stock with ownership which is approximately 5.1238%.
