Fifth Third Bancorp (NASDAQ: FITB) May Be Attracting Institutional Investments

After Hours

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Stocks Info

Fifth Third Bancorp is listed on the NASDAQ as a member of the Financial sector and is a part of the Banks – Regional industry. The current market capitalization of Fifth Third Bancorp is $25.13B. A total of 2.44 million shares were traded on the day, compared to an average of 4.16M shares.

In the most recent transaction, Feiger Mitchell Stuart sold 76,011 shares of FITB for 38.45 per share on May 13 ’24. After the transaction, the Director now owns 32,915 company shares. In a previous transaction on May 01 ’24, Schramm Jude sold 2,500 shares at 37.50 per share. FITB shares that EVP & CIO owns now total 136,922.

Among the insiders who sold shares, Garrett Kristine R. disposed of 7,500 shares on Apr 23 ’24 at a per-share price of $36.59. This resulted in the EVP holding 70,913 shares of FITB after the transaction. In another insider transaction, Gibson Kala sold 14,857 shares at $36.38 per share on Apr 22 ’24. Company shares held by the EVP now total 46,646.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Fifth Third Bancorp pays an annual dividend of $1.40, resulting in a dividend yield of 3.81%, and it has a price to earnings (P/E) ratio of 11.72. FITB’s most recent ex-dividend date was 6/28/2024 when it declared a $0.35 quarterly dividend that was paid in cash on 7/15/2024. Previously, the company paid the dividend on 4/15/2024 with an ex-dividend date of 3/27/2024. The FITB stock dividend was $0.35 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, FITB has a high of $39.14 and a low of $22.49.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $24.72, while its Total Shareholder’s Equity was $22.21B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 4.13.

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