A look into Fifth Third Bancorp (FITB)’s deeper side

With 3.0 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.07 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $44.84 whereas the lowest price it dropped to was $43.75. The 52-week range on FITB shows that it touched its highest point at $45.71 and its lowest point at $22.93 during that stretch. It currently has a 1-year price target of $48.11. With its current market cap of 29.83 billion, FITB has annualized dividend of $1.42 while the current yield stands at 3.22%. Beta for the stock currently stands at 1.24.

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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 up-trending over the past week, with a rise of 0.48%, but this was up by 5.30% over a month. Three-month performance surged to 8.22% while six-month performance rose 18.81%. The stock gained 88.54% in the past year, while it has gained 27.81% so far this year. A look at the trailing 12-month EPS for FITB yields 3.00 with Next year EPS estimates of 3.65. For the next quarter, that number is 0.88. This implies an EPS growth rate of -1.53% for this year and 15.13% for next year. EPS is expected to grow by 5.90% 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 673.27 million shares on hand for trading. On 2024-10-15, short shares totaled 18.79 million, which was 278.0 higher than short shares on 1726185600. 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 0.91565 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.