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As of close of business last night, Fifth Third Bancorp’s stock clocked out at $41.26, up 0.98% from its previous closing price of $40.86. In other words, the price has increased by $0.98 from its previous closing price. On the day, 4.06 million shares were traded. FITB stock price reached its highest trading level at $41.59 during the session, while it also had its lowest trading level at $40.62.
Ratios:
To gain a deeper understanding of FITB’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.03 whereas as Long-Term Debt/Eq ratio is at 0.85.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 16 ’24 when Schramm Jude sold 2,500 shares for $40.00 per share. The transaction valued at 100,000 led to the insider holds 134,422 shares of the business.
Feiger Mitchell Stuart sold 76,011 shares of FITB for $2,922,319 on May 13 ’24. The Director now owns 32,915 shares after completing the transaction at $38.45 per share. On May 01 ’24, another insider, Schramm Jude, who serves as the EVP & CIO of the company, sold 2,500 shares for $37.50 each. As a result, the insider received 93,750 and left with 136,922 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 28089352192 and an Enterprise Value of 46093352960. As of this moment, Fifth’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.19, and their Forward P/E ratio for the next fiscal year is 11.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.13 while its Price-to-Book (P/B) ratio in mrq is 1.64. Its current Enterprise Value per Revenue stands at 5.672.
Stock Price History:
The Beta on a monthly basis for FITB is 1.26, which has changed by 0.44619703 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, FITB has reached a high of $41.41, while it has fallen to a 52-week low of $22.49. The 50-Day Moving Average of the stock is 10.72%, while the 200-Day Moving Average is calculated to be 23.20%.
Shares Statistics:
It appears that FITB traded 4.15M shares on average per day over the past three months and 5392320 shares per day over the past ten days. 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 86.74% stake in the company. Shares short for FITB as of 1719532800 were 25444252 with a Short Ratio of 6.13, compared to 1717113600 on 19866578. Therefore, it implies a Short% of Shares Outstanding of 25444252 and a Short% of Float of 4.31.
Dividends & Splits
With its trailing 12-month dividend rate of 1.4, FITB has a forward annual dividend rate of 1.40. Against a Trailing Annual Dividend Yield of 0.03426334The stock’s 5-year Average Dividend Yield is 3.79. The current Payout Ratio is 42.28% for FITB, which recently paid a dividend on 2024-06-28 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.
