Let’s start up with the current stock price of Fifth Third Bancorp (FITB), which is $39.24 to be very precise. The Stock rose vividly during the last session to $39.595 after opening rate of $39.15 while the lowest price it went was recorded $38.90 before closing at $39.58.Recently in News on September 13, 2021, Fifth Third Bancorp Increases Quarterly Cash Dividend on its Common Shares 3 cents, or approximately 11%, to $0.30 per Share. Also declares preferred dividends. You can read further details here
Fifth Third Bancorp had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $43.06 on 05/10/21, with the lowest value was $26.83 for the same time period, recorded on 01/04/21.
Fifth Third Bancorp (FITB) full year performance was 88.07%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Fifth Third Bancorp shares are logging -8.86% during the 52-week period from high price, and 103.13% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $19.32 and $43.06.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 1501627 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Fifth Third Bancorp (FITB) recorded performance in the market was 43.56%, having the revenues showcasing 0.10% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 27.44B, as it employees total of 19402 workers.
Analysts verdict on Fifth Third Bancorp (FITB)
During the last month, 13 analysts gave the Fifth Third Bancorp a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 7 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 39.10, with a change in the price was noted +2.48. In a similar fashion, Fifth Third Bancorp posted a movement of +6.73% for the period of last 100 days, recording 4,730,072 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FITB is recording 0.59 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.59.
Fifth Third Bancorp (FITB): Technical Analysis
Raw Stochastic average of Fifth Third Bancorp in the period of last 50 days is set at 88.95%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 78.98%. In the last 20 days, the company’s Stochastic %K was 79.51% and its Stochastic %D was recorded 72.12%.
Let’s take a glance in the erstwhile performances of Fifth Third Bancorp, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 43.56%. Additionally, trading for the stock in the period of the last six months notably improved by 3.02%, alongside a boost of 88.07% for the period of the last 12 months. The shares increased approximately by 2.78% in the 7-day charts and went up by 1.80% in the period of the last 30 days. Common stock shares were driven by 0.10% during last recorded quarter.