Healthy Upside Potential: Fifth Third Bancorp (FITB)

With 4.89 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.15 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $41.84 whereas the lowest price it dropped to was $40.94. The 52-week range on FITB shows that it touched its highest point at $41.59 and its lowest point at $22.49 during that stretch. It currently has a 1-year price target of $43.05. With its current market cap of 28.03 billion, FITB has annualized dividend of $1.40 while the current yield stands at 3.42%. Beta for the stock currently stands at 1.26.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FITB was down-trending over the past week, with a drop of -0.05%, but this was up by 11.84% over a month. Three-month performance surged to 10.58% while six-month performance rose 20.18%. The stock gained 42.99% in the past year, while it has gained 18.82% so far this year. A look at the trailing 12-month EPS for FITB yields 3.13 with Next year EPS estimates of 3.59. For the next quarter, that number is 0.83. This implies an EPS growth rate of 0.97% for this year and 10.43% for next year. EPS is expected to grow by 1.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.03%.

Float and Shares Shorts:

At present, 681.12 million FITB shares are outstanding with a float of 679.61 million shares on hand for trading. On 2024-06-28, short shares totaled 25.44 million, which was 374.0 higher than short shares on 1717113600. In addition to Mr. Timothy N. Spence as the firm’s CEO, President & Chairman of the Board, Mr. James C. Leonard CPA serves as its Executive VP & COO.

Institutional Ownership:

Through their ownership of 0.88247 of FITB’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FITB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.