Balance Sheet Dive: Fifth Third Bancorp (FITB)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $35.98 in the prior trading day, Fifth Third Bancorp (NASDAQ: FITB) closed at $35.92, down -0.17%. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 3.26 million shares were traded. FITB stock price reached its highest trading level at $36.15 during the session, while it also had its lowest trading level at $35.75.

Ratios:

Our goal is to gain a better understanding of FITB by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.01 whereas as Long-Term Debt/Eq ratio is at 0.84.

On May 01, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $37.50 to $39.50.

Robert W. Baird Downgraded its Outperform to Neutral on April 01, 2024, while the target price for the stock was maintained at $32.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 13 ’24 when Feiger Mitchell Stuart sold 76,011 shares for $38.45 per share. The transaction valued at 2,922,319 led to the insider holds 32,915 shares of the business.

Schramm Jude sold 2,500 shares of FITB for $93,750 on May 01 ’24. The EVP & CIO now owns 136,922 shares after completing the transaction at $37.50 per share. On Apr 23 ’24, another insider, Garrett Kristine R., who serves as the EVP of the company, sold 7,500 shares for $36.59 each. As a result, the insider received 274,457 and left with 70,913 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FITB now has a Market Capitalization of 24615364608 and an Enterprise Value of 42338885632. As of this moment, Fifth’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.45, and their Forward P/E ratio for the next fiscal year is 10.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 5.198.

Stock Price History:

The Beta on a monthly basis for FITB is 1.25, which has changed by 0.4064213 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, FITB has reached a high of $39.14, while it has fallen to a 52-week low of $22.49. The 50-Day Moving Average of the stock is -2.06%, while the 200-Day Moving Average is calculated to be 11.42%.

Shares Statistics:

The stock has traded on average 4.15M shares per day over the past 3-months and 4745070 shares per day over the last 10 days, according to various share statistics. A total of 681.12M shares are outstanding, with a floating share count of 679.61M. Insiders hold about 0.65% of the company’s shares, while institutions hold 86.93% stake in the company. Shares short for FITB as of 1715731200 were 21233956 with a Short Ratio of 4.78, compared to 1713139200 on 24669510. Therefore, it implies a Short% of Shares Outstanding of 21233956 and a Short% of Float of 3.5700000000000003.

Dividends & Splits

In the trailing 12 months, FITB’s forward annual dividend rate was 1.38, compared to 1.38 this year. Against a Trailing Annual Dividend Yield of 0.038354643The stock’s 5-year Average Dividend Yield is 3.78. The current Payout Ratio is 42.28% for FITB, which recently paid a dividend on 2024-03-27 with an ex-dividend date of 1719532800. Stock splits for the company last occurred on 2000-07-17 when the company split stock in a 3:2 ratio.

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