In Friday’s Wall Street session, Fifth Third Bancorp (NASDAQ:FITB) shares traded at $33.75, down -4.85% from the previous session.
FITB stock price is now -18.68% away from the 50-day moving average and -20.05% away from the 200-day moving average. The market capitalization of the company currently stands at $22.55B.
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, Leonard James C., EVP & Chief Operating Officer sold 17,200 shares of the company’s stock on Feb 19 ’25. The stock was sold for $761,279 at an average price of $44.26. Upon completion of the transaction, the EVP & Chief Operating Officer now directly owns 244,487 shares in the company, valued at $8.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’25, EVP Lavender Kevin P sold 21,700 shares of the business’s stock. A total of $945,100 was realized by selling the stock at an average price of $43.55. This leaves the insider owning 130,856 shares of the company worth $4.42 million. A total of 0.56% of the company’s stock is owned by insiders.
During the past 12 months, Fifth Third Bancorp has had a low of $33.82 and a high of $49.07. According to the stock market information, the enterprise value for the company is $40304619520, which is based on a 10.76 price-to-earnings ratio, a 0.83 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for FITB is $41.5028 and a two-hundred day moving average price translates $42.21445 for the stock.
The latest earnings results from Fifth Third Bancorp (NASDAQ: FITB) was released for 2024-12-31. The net profit margin was 15.51% and return on equity was 11.92% for FITB. The company reported revenue of $2.53 billion for the quarter, compared to $2.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.49 percent.
