The stock of Fifth Third Bancorp (NASDAQ:FITB) last traded at $42.26, down -0.77% from the previous session.
FITB stock price is now -7.22% away from the 50-day moving average and 4.88% away from the 200-day moving average. The market capitalization of the company currently stands at $28.34B.
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With the price target maintained at $43, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Fifth Third Bancorp (NASDAQ: FITB). On May 01, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $37.50 to quote $39.50, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, Shaffer Robert P, EVP and Chief Risk Officer sold 25,000 shares of the company’s stock on Nov 25 ’24. The stock was sold for $1,216,194 at an average price of $48.65. Upon completion of the transaction, the EVP and Chief Risk Officer now directly owns 169,922 shares in the company, valued at $7.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Officer Shaffer Robert P bought 25,000 shares of the business’s stock. A total of $1,216,194 was incurred on buying the stock at an average price of $48.65. A total of 0.52% of the company’s stock is owned by insiders.
During the past 12 months, Fifth Third Bancorp has had a low of $32.29 and a high of $49.07. According to the stock market information, the enterprise value for the company is $45689159680, which is based on a 14.10 price-to-earnings ratio, a 2.39 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for FITB is $45.547 and a two-hundred day moving average price translates $40.2926 for the stock.
The latest earnings results from Fifth Third Bancorp (NASDAQ: FITB) was released for 2024-09-30. The net profit margin was 15.23% and return on equity was 11.92% for FITB. The company reported revenue of $2.67 billion for the quarter, compared to $2.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.54 percent.
