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Monday, June 5, 2023

What Are The Chances Of Fifth Third Bancorp (NASDAQ: FITB) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Fifth Third Bancorp (FITB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.08%, to $24.65. The Fifth Third Bancorp has recorded 101,870 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Fifth Third Bank Surprises Louisville and Charlotte Families on Fifth Third Day with Gift of College Savings.

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Stocks Info

As a NASDAQ listed company, FITB falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $24.67 and fluctuated between $24.81 as its day high and $23.90 as its day low. The current market capitalization of Fifth Third Bancorp is $15.66B. A total of 5.74 million shares were traded on the day, compared to an average of 10.02M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, FITB has seen 39 BUY and 56 SELL insider trades, representing the acquisition of 697,978 and the disposition of 180,099 shares. Over the last 12 months, there were 61 BUYs and 78 SELLs from insiders. Insiders purchased 776,669 shares during that period but sold 258,164.

In the most recent transaction, Bayh Evan bought 5,000 shares of FITB for 24.82 per share on May 03. After the transaction, the Director now owns 73,700 company shares. In a previous transaction on Mar 13, Heminger Gary R. bought 33,000 shares at 26.82 per share. FITB shares that Director owns now total 127,043.

Among the insiders who bought shares, Heminger Gary R. acquired of 14,500 shares on Mar 13 at a per-share price of $26.82. This resulted in the Director holding 14,786 shares of FITB after the transaction. In another insider transaction, Hammond Howard sold 1,000 shares at $37.32 per share on Feb 14. Company shares held by the EVP now total 49,202.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Fifth Third Bancorp pays an annual dividend of $1.32, resulting in a dividend yield of 5.35%, and it has a price to earnings (P/E) ratio of 7.16. FITB’s most recent ex-dividend date was 3/30/2023 when it declared a $0.33 quarterly dividend that was paid in cash on 4/17/2023. Previously, the company paid the dividend on 1/17/2023 with an ex-dividend date of 12/29/2022. The FITB stock dividend was $0.33 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for FITB in the last 3 months, the mean price target is $32.80 with high estimates of $41.00 and low estimates of $28.00. In terms of 52-week highs and lows, FITB has a high of $40.07 and a low of $22.11.

As of this writing, FITB has an earnings estimate of $0.88 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.92 per share and a lower estimate of $0.85. The company reported an EPS of $1 in the last quarter, which was 1.00% higher than expectations of $0.99.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $22.09, while its Total Shareholder’s Equity was $22.21B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FITB is Buy with a score of 4.22.

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