With 3.83 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.06 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $48.07 whereas the lowest price it dropped to was $47.02. The 52-week range on FITB shows that it touched its highest point at $48.10 and its lowest point at $26.89 during that stretch. It currently has a 1-year price target of $48.92. With its current market cap of 32.65 billion, FITB has annualized dividend of $1.42 while the current yield stands at 2.96%. FITB paid its most recent dividend on 1727654400, while the ex-dividend date for that was 1727654400. Beta for the stock currently stands at 1.24.
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 1.94%, but this was up by 8.72% over a month. Three-month performance surged to 14.21% while six-month performance rose 28.59%. The stock gained 76.17% in the past year, while it has gained 38.88% 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 -1.59% for this year and 15.32% 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 667.06 million shares on hand for trading. On 2024-10-31, short shares totaled 23.05 million, which was 344.0 higher than short shares on 1727654400. In addition to Mr. James C. Leonard CPA as the firm’s Executive VP & COO, Mr. Jude A. Schramm serves as its Executive VP & Chief Information Officer.
Institutional Ownership:
Through their ownership of 0.86477 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 11 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FITB analysts setting a high price target of 57.0 and a low target of 40.0, the average target price over the next 12 months is 48.825. Based on these targets, FITB could surge 19.0% to reach the target high and fall by -16.49% to reach the target low. Reaching the average price target will result in a growth of 1.93% from current levels.
Analysts have provided yearly estimates in a range of $3.20689 being high and $3.14048 being low. For FITB, this leads to a yearly average estimate of $3.16894. The surprise factor in the prior quarter was $0.85. Based on analyst estimates, the high estimate for the next quarter is $0.9 and the low estimate is $0.71. The average estimate for the next quarter is thus $0.77.
