Worth Watching Stock: Fifth Third Bancorp (NASDAQ:FITB)

Josh Kim
December 16, 2016

10/04/2016 - Fifth Third Bancorp was downgraded to "market perform" by analysts at Keefe, Bruyette & Woods. The mean price target for the company's stock is $91.36 while the highest price target suggested by the analysts is $109.00 and low price target is $72.00. They issued a "neutral" rating and a $22.00 target price for the company.

According to Zacks, "Fifth Third's shares have outperformed the Zacks categorized Regional Banks-Major industry so far this year".

If we look at the Volatility of the company, Week Volatility is 2.35%, whereas Month Volatility is at 2.20%. Recently, the company invested in startup online lender, ApplePie to seek new avenues in its lending space.

The Relative Volume of the company is 0.87 and Average Volume (3 months) is 8.28 million. The Low and High Price targets are $21.5 and $29, respectively. Fifth Third Bancorp P/E (price to earnings) ratio is 12.12 and Forward P/E ratio of 15.64.

WMIH Corp. (NASDAQ:WMIH) persists its position slightly strong in context of buying side, while shares price jumping up -3.23% during latest trading session. Fairfield Bush & CO.'s holdings in Fifth Third Bancorp were worth $537,000 as of its most recent SEC filing.

09/14/2016 - Fifth Third Bancorp was upgraded to "buy" by analysts at Compass Point.

According to the analysts, Fifth Third Bancorp (NASDAQ:FITB) now has a Mean Price Target of $25.43. The ROI is 8.20% and the return on equity for Fifth Third Bancorpas stated earlier, is now at 11.50%.The return on assets (ROA) for Fifth Third Bancorp is 1.20%. The company's 5 year Earnings per share growth and Capital Spending growth remains at 26.26 and -6.05.

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Fifth Third Bancorp has earnings per share of $ 2.24 and the earnings per share growth for this year is 20.70%. The company has a market capitalization of $20.56 billion, a PE ratio of 12.069 and a beta of 1.27. The stock is now holding above its 50-day SMA of $24.61 and above its 200-day SMA of $20.62.

Investors are keeping a close eye on shares of Fifth Third Bancorp (NASDAQ:FITB). The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.41 by $0.24. (Liquidity) Value. Fifth Third Bancorp (NASDAQ:FITB) has a Q.i. value of 65.00000. During the same period in the previous year, the business earned $0.45 earnings per share.

With a total market value of $0, Fifth Third Bancorp has price-earnings ratio of 11.88 with a one year low of $13.84 and a one year high of $27.11.

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Other equities analysts have also recently issued reports about the company. LLC raised its stake in Fifth Third Bancorp by 117.7% in the second quarter. 7 of the brokerages firms have a buy or better rating; the 1 sells versus 2 underperforms. MD raised its stake in Fifth Third Bancorp by 7.8% in the third quarter. Inc. now owns 6,419 shares of the financial services provider's stock valued at $113,000 after buying an additional 20 shares in the last quarter. Price T Rowe Associates Inc. Virtus Investment Advisers Inc. bought a new stake in Fifth Third Bancorp during the third quarter valued at $128,000. Advisory Services Network LLC now owns 6,375 shares of the financial services provider's stock valued at $112,000 after buying an additional 3,857 shares in the last quarter. Veritable L.P. increased its stake in Fifth Third Bancorp by 8.2% in the second quarter. These ratios are important while doing valuation of the company or the shares of the company.

Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States.

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