Fifth Third Bancorp (NASDAQ:FITB) price closed lower on Tuesday, April 16, dropping -1.53% below its previous close.
A look at the daily price movement shows that the last close reads $34.62. The company’s P/E ratio in the trailing 12-month period read 10.60. Taking into account the 52-week price action we note that the stock hit a 52-week high of $37.41 and 52-week low of $22.46. The stock subtracted -3.26% on its value in the past month.
Fifth Third Bancorp, which has a market valuation of $23.30 billion. The company stock has a Forward Dividend ratio of 1.38, while the dividend yield is 4.05%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give FITB a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.19. The overview shows that FITB’s price is at present -5.03% off the SMA20 and -2.70% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 38.90, with weekly volatility standing at 2.55%. The indicator jumps to 2.29% when calculated based on the past 30 days. Fifth Third Bancorp (NASDAQ:FITB)’s beta value is holding at 1.28, while the average true range (ATR) indicator is currently reading 0.90.
An analysis of the Fifth Third Bancorp (NASDAQ:FITB) stock in terms of its daily trading volume indicates that the 3-month average is 5.40 million.
Current records show that the company has 681.12M in outstanding shares. The insiders’ percentage holdings are 0.65% of outstanding shares while the percentage share held by institutions stands at 84.28%. But the -1.16% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
