Fifth Third Bancorp (NASDAQ:FITB) saw an upside of 0.82% to close Monday at $25.91 after adding $0.21 on the day. The 5-day average trading volume is 4,986,500 shares of the company’s common stock. It has gained $27.40 in the past week and touched a new high 2 times within the past 5 days. An average of 5,809,155 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,172,124.
FITB’s 1-month performance is 0.74% or $0.49 on its low of $25.53 reached on 09/25/23. The company’s shares have touched a 52-week low of $22.11 and high of $38.06, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, FITB has lost -21.03% or -$6.90 and has reached a new high 14 times. However, the current price is down -31.91% from the 52-week high price.
Insider Transactions
FITB stock investors last saw insider trading activity on May 03.Hammond Howard (EVP) most recently sold 1,000 shares at $37.32 per share on Feb 14. This transaction cost the insider $37,317. EVP, Hammond Howard, sold 2,000 shares at a price of $37.52 on Feb 08. Then, on Nov 15, EVP Lavender Kevin P sold 6,259 shares at a price of $36.58 per share. This transaction amounted to $228,960.
Valuation Metrics
FITB stock has a beta of 1.22. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.57 while the price-to-book (PB) in the most recent quarter is 1.12, with the price to cash flow ratio at 4.76.
The firm’s gross profit as reported stood at $5.61 billion against revenue of $6.59 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Shareholders hold equity totaling $680.89 million.
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 25 September was 37.20% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.95%.
The stock’s 5-day moving average is $26.34, reflecting a -4.50% or -$1.22 change from its current price. FITB is currently trading +1.93% above its 20-day SMA, +5.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.97% and SMA200 by-19.63%.
Stochastic %K and %D was 11.49% and 21.46% and the average true range (ATR) pointed at 0.65. The RSI (14) points at 41.48%, while the 14-day stochastic is at 13.13% with the period’s ATR at 0.66. The stock’s 9-day MACD Oscillator is pointing at -0.79 and -0.73 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Fifth Third Bancorp (NASDAQ: FITB), Raymond James launched coverage with a Mkt perform rating. 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 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 14 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 $26.50 and a high of $35.00, with their median price target at $32.00. Looking at these predictions, the average price target given by analysts is for Fifth Third Bancorp (FITB) stock is $31.83.
