Momentum Is Strong For Fifth Third Bancorp (NASDAQ: FITB)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Fifth Third Bank Recognized Among 2024 Top Workplaces USA.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

This NASDAQ-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. The current market capitalization of Fifth Third Bancorp is $24.63B. A total of 5.05 million shares were traded on the day, compared to an average of 5.53M shares.

In the most recent transaction, Schramm Jude sold 5,000 shares of FITB for 36.38 per share on Mar 25 ’24. After the transaction, the EVP & CIO now owns 139,422 company shares. In a previous transaction on Mar 11 ’24, Leonard James C. sold 26,500 shares at 36.66 per share. FITB shares that EVP & Chief Operating Officer owns now total 229,344.

Among the insiders who sold shares, Lavender Kevin P disposed of 15,000 shares on Feb 26 ’24 at a per-share price of $33.45. This resulted in the EVP holding 82,930 shares of FITB after the transaction. In another insider transaction, Spence Timothy sold 5,447 shares at $33.47 per share on Feb 16 ’24. Company shares held by the Chair, CEO & President now total 357,508.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Fifth Third Bancorp pays an annual dividend of $1.36, resulting in a dividend yield of 3.77%, and it has a price to earnings (P/E) ratio of 11.20. FITB’s most recent ex-dividend date was 3/27/2024 when it declared a $0.35 quarterly dividend that was paid in cash on 4/15/2024. Previously, the company paid the dividend on 1/16/2024 with an ex-dividend date of 12/28/2023. The FITB stock dividend was $0.35 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, FITB has a high of $37.36 and a low of $22.46.

As of this writing, FITB has an earnings estimate of $0.68 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $0.73 per share and a lower estimate of $0.65. The company reported an EPS of $0.91 in the last quarter, which was 11.00% higher than expectations of $0.82.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $25.04, 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 4.17.

Most Popular

Related Posts