Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
Fifth Third Bancorp (NASDAQ: FITB) closed the day trading at $43.04 up 0.35% from the previous closing price of $42.89. In other words, the price has increased by $0.35 from its previous closing price. On the day, 1.88 million shares were traded. FITB stock price reached its highest trading level at $43.05 during the session, while it also had its lowest trading level at $42.64.
Ratios:
For a better understanding of FITB, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.93 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:
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 Nov 25 ’24 when Shaffer Robert P sold 25,000 shares for $48.65 per share. The transaction valued at 1,216,194 led to the insider holds 169,922 shares of the business.
Shaffer Robert P bought 25,000 shares of FITB for $1,216,194 on Nov 25 ’24. On Oct 28 ’24, another insider, Garrett Kristine R., who serves as the EVP of the company, sold 7,500 shares for $43.67 each. As a result, the insider received 327,526 and left with 55,913 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 28573480960 and an Enterprise Value of 46138425344. As of this moment, Fifth’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.36, and their Forward P/E ratio for the next fiscal year is 11.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.14 while its Price-to-Book (P/B) ratio in mrq is 1.56. Its current Enterprise Value per Revenue stands at 5.722.
Stock Price History:
Over the past 52 weeks, FITB has reached a high of $49.07, while it has fallen to a 52-week low of $32.29. The 50-Day Moving Average of the stock is -5.44%, while the 200-Day Moving Average is calculated to be 6.56%.
Shares Statistics:
Over the past 3-months, FITB traded about 4.32M shares per day on average, while over the past 10 days, FITB traded about 5532090 shares per day. A total of 676.27M shares are outstanding, with a floating share count of 667.05M. Insiders hold about 0.52% of the company’s shares, while institutions hold 85.66% stake in the company. Shares short for FITB as of 1732838400 were 20000225 with a Short Ratio of 4.35, compared to 1730332800 on 23049217. Therefore, it implies a Short% of Shares Outstanding of 20000225 and a Short% of Float of 3.44.
Dividends & Splits
FITB’s forward annual dividend rate is 1.42, up from 1.42 a year ago. Against a Trailing Annual Dividend Yield of 0.03310795The stock’s 5-year Average Dividend Yield is 3.8.
