What Analysts Say about the Fifth Third Bancorp (FITB) Stock

Fifth Third Bancorp (NASDAQ:FITB) saw a downside of -0.02% to $43.48 after subtracting -$0.01 on Tuesday. The 5-day average trading volume is 3,154,389 shares of the company’s common stock. It has gained $44.49 in the past week. An average of 5,553,097 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,860,021.

FITB’s 1-month performance is 12.49% or $4.68 on its low of $37.86 reached on 09/20/21. The company’s shares have touched a 52-week low of $22.10 and high of $44.49, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, FITB has achieved 57.74% or $15.77. However, the current price is down -2.27%% from the 52-week high price.


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Insider Transactions

On Sep 08, 34 days have gone by since the last insider trading activity for Fifth Third Bancorp (FITB). Shaffer Robert P (EVP) most recently sold 6,372 shares at $38.41 per share on Sep 08. This transaction cost the insider $244,749. Director, HARVEY THOMAS H, sold 500 shares at a price of $38.13 on Aug 24. Then, on May 11, President Spence Timothy sold 25,603 shares at a price of $41.65 per share. This transaction amounted to $1,066,327.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 21.36 and a low of 3.473. FITB stock has a beta of 1.52. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.69 while the price-to-book (PB) in the most recent quarter is 1.48.

Fifth Third Bancorp pays an annual dividend of $1.20 per share. Its dividend yield is 2.76% and the payout ratio is 31.20%. FITB paid $0.30 a share compared with prior rate of $0.27, up 10.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.03 reported on Monday September 13 2021. Measured over the last 3 years, the Dividend has been growing by 80.00% yearly.

It is projected that Fifth Third Bancorp’s next ex-dividend date will be on 31-Dec. FITB is expected to distribute $0.30 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.59, while the total debt to equity was 0.59 while for the period ending June 29; Fifth Third Bancorp’s operating margin was 95.40%. The firm’s gross profit as reported stood at $4.78 billion against revenue of $5.57 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FITB to announce $0.81 per share in earnings in its latest quarter, but it posted $0.94, representing a 16.00% surprise. FITB stock balance sheet for the quarter ending June 29 shows that, with total debt at $16.26 billion. Shareholders hold equity totaling $690.72 million

Technical Picture

Let’s look briefly at Fifth Third Bancorp (FITB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 60.18% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.68%.

The stock’s 5-day moving average is $43.67, reflecting a -1.43% or -$0.63 change from its current price. FITB is currently trading +11.19% above its 20-day SMA, +4.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +20.12% and +57.14% respectively.

Stochastic %K and %D was 84.54% and 88.52% and the average true range (ATR) pointed at 1.00. The RSI (14) points at 62.04%, while the 14-day stochastic is at 77.14% with the period’s ATR at 1.02. The stock’s 9-day MACD Oscillator is pointing at 0.04 and 0.40 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for FITB stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate FITB as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 12 have offered a “buy” rating.

What is FITB’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $38.00 and a high of $52.00, with their median price target at $46.00. Looking at these predictions, the average price target given by analysts is for Fifth Third Bancorp (FITB) stock is $45.82.

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