Fifth Third Bancorp (NASDAQ:FITB) has a beta of 1.64, a 12-month trailing P/E ratio of 13.67. The stock’s Relative Strength Index (RSI) is 61.21, with weekly volatility at 2.97% and ATR at 1.01. The FITB stock’s 52-week price range has touched low of $11.10 and a $31.64 high. Its shares traded higher over the last trading session, gaining 2.12% on 12/04/20. The shares fell to a low of $26.925 before closing at $27.40. Intraday shares traded counted 6.83 million, which was -13.3% lower than its 30-day average trading volume of 6.03M. FITB’s previous close was $26.83 while the outstanding shares total 715.10M.
Investors have identified the Banks – Regional company Fifth Third Bancorp as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $19.11 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Fifth Third Bancorp (FITB) Fundamentals that are to be considered.
FITB were able to record 1.72 billion as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -282.0 million. In cash movements, the company had a total of 2.02 billion as operating cash flow.
Potential earnings growth for Fifth Third Bancorp (FITB)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Fifth Third Bancorp recorded a total of 1.33 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -22.27% coming in sequential stages and their sales for the third quarter reducing by -5.57%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 159.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 1.17 billion. This allows shareholders to hold on to 715.10M with the revenue now reading 0.78 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.59 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.77 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FITB sounds very interesting.
Is the stock of FITB attractive?
In related news, EVP, Lavender Kevin P sold 8,500 shares of the company’s stock in a transaction that recorded on Nov 23. The sale was performed at an average price of 25.81, for a total value of 219,385. As the sale deal closes, the EVP, Stein Richard L. now sold 100 shares of the company’s stock, valued at 2,576. Also, Director, Hoover Jewell D sold 10,036 shares of the company’s stock in a deal that was recorded on Aug 07. The shares were price at an average price of 20.39 per share, with a total market value of 204,585. Following this completion of acquisition, the Director, Blackburn Katherine H. now holds 58,800 shares of the company’s stock, valued at 993,720. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
14 out of 23 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on Fifth Third Bancorp. 1 analysts has assigned a Sell rating on the FITB stock. The 12-month mean consensus price target for the company’s shares has been set at $27.20.