The price of Fifth Third Bancorp (NASDAQ:FITB) shares last traded on Wall Street rose 0.20% to $34.86.
FITB stock price is now -0.47% away from the 50-day moving average and 16.46% away from the 200-day moving average. The market capitalization of the company currently stands at $23.83B.
With the price target maintained at $32, Robert W. Baird recently Downgraded its rating from Outperform to Neutral for Fifth Third Bancorp (NASDAQ: FITB). On March 19, 2024, Stephens Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $41, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Schramm Jude, EVP & CIO sold 5,000 shares of the company’s stock on Mar 25 ’24. The stock was sold for $181,900 at an average price of $36.38. Upon completion of the transaction, the EVP & CIO now directly owns 139,422 shares in the company, valued at $4.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’24, EVP & Chief Operating Officer Leonard James C. sold 26,500 shares of the business’s stock. A total of $971,606 was realized by selling the stock at an average price of $36.66. This leaves the insider owning 229,344 shares of the company worth $7.99 million. A total of 0.65% of the company’s stock is owned by insiders.
During the past 12 months, Fifth Third Bancorp has had a low of $22.46 and a high of $37.41. The fifty day moving average price for FITB is $35.01 and a two-hundred day moving average price translates $29.98 for the stock.
The latest earnings results from Fifth Third Bancorp (NASDAQ: FITB) was released for Dec, 2023. According to the Banks – Regional Company, earnings per share came in at $0.96, beating analysts’ expectations of $0.85 by 0.11. This compares to $1.00 EPS in the same period last year. The net profit margin was 17.41% and return on equity was 12.87% for FITB. The company reported revenue of $2.65 billion for the quarter, compared to $2.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.68 percent. For the current quarter, analysts expect FITB to generate $2.08B in revenue.
