An Analysis Of Fifth Third Bancorp (FITB)’s Weekly Performance

As of Friday close, Fifth Third Bancorp’s (NASDAQ:FITB) stock was up $0.19, moving up 0.53 percent to $35.97. The average number of shares traded per day over the past five days has been 6,340,920 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.54 fall in that time frame. In the last twenty days, the average volume was 7,009,630, while in the previous 50 days, it was 6,752,862.

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Since last month, FITB stock retreated -8.96%. Shares of the company fell to $34.96 on 05/12/22, the lowest level in the past month. A 52-week high of $50.64 was reached on 01/18/22 after having rallying from a 52-week low of $34.35. Since the beginning of this year, FITB’s stock price has dropped by -17.41% or -$7.58, and marked a new high 10 times. However, the stock has declined by -28.97% since its 52-week high.

Fifth Third Bancorp (FITB) last reported insider trading activity 23 days ago on Apr 21. CARMICHAEL GREG D, the CEO, Chair of the company, disposed of 50,000 shares for $40.05 on Apr 21. It resulted in a $2,002,500 divestment by the insider. Spence Timothy sold 4,558 shares at an average price of $48.07 on Feb 14. The insider now owns 150,405 shares following the transaction. On Feb 09, CEO, Chair CARMICHAEL GREG D sold 67,687 shares at $49.21 apiece. The transaction was valued at $3,330,877.

Valuation Metrics

Right now, Fifth Third Bancorp (FITB) has a P/E ratio of about 10.31. The stock’s beta is 1.32. Besides these, the trailing price-to-sales (P/S) ratio of 4.80, the price-to-book (PB) ratio of 1.23.

The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30. On Monday September 13 2021, a $0.03 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.59, and the total debt-to-equity ratio was 0.59. In the year ended September 29, operating margins totaled 97.80%. Based on annual data, FITB earned $4.77 billion in gross profit and brought in $5.21 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.00%. Return on equity (ROE) for the past 12 months was 12.70%.

In Fifth Third Bancorp’s quarter-end financial report for September 29, it reported total debt of $10.81 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Fifth Third Bancorp to report $0.91 quarterly earnings, the actual figure was $0.97 per share, beating the consensus estimate by 6.60%. The value of shareholders’ equity is $686.09 million.

Technical Picture

This quick technical analysis looks at Fifth Third Bancorp’s (FITB) price momentum. With a historical volatility rate of 30.51%, the RSI 9-day stood at 31.52% on 13 May.

With respect to its five-day moving average, the current Fifth Third Bancorp price is down by -4.11% percent or -$1.54. At present, FITB shares trade -7.79% below its 20-day simple moving average and -12.65% percent below its 100-day simple moving average. However, the stock is currently trading approximately -22.31% below its SMA50 and -1.83% below its SMA200.

Stochastic coefficient K was 15.29% and Stochastic coefficient D was 13.15%, while ATR was 1.32. Given the Stochastic reading of 21.91% for the 14-day period, the RSI (14) reading has been calculated as 33.29%. As of today, the MACD Oscillator reading stands at -1.27, while the 14-day reading stands at -1.59.

Analyst Ratings

Wells Fargo upgraded its rating on Fifth Third Bancorp (NASDAQ: FITB) to an Overweight in a note to investors on April 28, 2022. The analysts firm previously had an Equal weight rating on the stock.Fifth Third Bancorp (FITB) has been rated Overweight by analysts. According to 0 brokerage firms, FITB is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Fifth Third Bancorp stock as buy, with 11 recommending it as overweight.

With a median target price of $48.50, the current consensus forecast for the stock is $42.20 – $57.00. Based on these forecasts, analysts predict Fifth Third Bancorp (FITB) will achieve an average price target of $48.79.


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