On May 22, 2023, Fifth Third Bancorp (NASDAQ: FITB) opened at $25.33, higher 1.39% from the last session. During the day, the shares moved up to $25.62 and dropped to $24.985 before settling in for the closing price of $25.10. Price fluctuations for FITB have ranged from $22.11 to $40.07 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Financial Sector giant was 8.00%. Company’s average yearly earnings per share was noted -10.40% at the time writing. With a float of $673.73 million, this company’s outstanding shares have now reached $684.02 million.
Let’s determine the extent of company efficiency that accounts for 19474 employees.
Fifth Third Bancorp (FITB) Insider Activity
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of Fifth Third Bancorp is 0.10%, while institutional ownership is 83.00%. The most recent insider transaction that took place on May 03, was worth 124,100. In this transaction Director of this company bought 5,000 shares at a rate of $24.82, taking the stock ownership to the 73,700 shares. Before that another transaction happened on Mar 13, when Company’s Director bought 33,000 for $26.82, making the entire transaction worth $885,159. This insider now owns 127,043 shares in total.
Fifth Third Bancorp (FITB) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted $0.78 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $0.79) by -$0.01. This company achieved a net margin of +25.40 while generating a return on equity of 12.36. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.89 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -10.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.84% during the next five years compared to 6.30% growth over the previous five years of trading.
Fifth Third Bancorp (NASDAQ: FITB) Trading Performance Indicators
Check out the current performance indicators for Fifth Third Bancorp (FITB). In the past quarter, the stock posted a price to sales ratio for the trailing twelve months stands at 2.31. Likewise, its price to free cash flow for the trailing twelve months is 3.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.44, a number that is poised to hit 0.89 in the next quarter and is forecasted to reach 3.47 in one year’s time.
Technical Analysis of Fifth Third Bancorp (FITB)
Looking closely at Fifth Third Bancorp (NASDAQ: FITB), its last 5-days average volume was 7.24 million, which is a drop from its year-to-date volume of 8.6 million. As of the previous 9 days, the stock’s Stochastic %D was 87.29%. Additionally, its Average True Range was 1.01.
During the past 100 days, Fifth Third Bancorp’s (FITB) raw stochastic average was set at 20.95%, which indicates a significant decrease from 94.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.46% in the past 14 days, which was higher than the 44.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.77, while its 200-day Moving Average is $32.51. However, in the short run, Fifth Third Bancorp’s stock first resistance to watch stands at $25.72. Second resistance stands at $25.99. The third major resistance level sits at $26.35. If the price goes on to break the first support level at $25.08, it is likely to go to the next support level at $24.72. Should the price break the second support level, the third support level stands at $24.45.
Fifth Third Bancorp (NASDAQ: FITB) Key Stats
There are currently 680,716K shares outstanding in the company with a market cap of 17.37 billion. Presently, the company’s annual sales total 9,353 M according to its annual income of 2,446 M. Last quarter, the company’s sales amounted to 2,909 M and its income totaled 558,000 K.
