Make Sure You Stick With Fifth Third Bancorp (FITB). It’s Bull Time Again

After Hours

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.

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Stocks Info

Fifth Third Bancorp is listed on the NASDAQ in the Financial sector while operating in the Banks – Regional industry. The current market capitalization of Fifth Third Bancorp is $27.53B. A total of 2.8 million shares were traded on the day, compared to an average of 4.38M shares.

In the most recent transaction, Feiger Mitchell Stuart sold 12,000 shares of FITB for 41.21 per share on Jul 24 ’24. After the transaction, the Director now owns 20,961 company shares. In a previous transaction on Jul 24 ’24, Lavender Kevin P sold 20,000 shares at 41.77 per share. FITB shares that EVP owns now total 125,087.

Among the insiders who sold shares, Zaunbrecher Susan B disposed of 2,842 shares on Jul 24 ’24 at a per-share price of $41.21. This resulted in the EVP & CLO holding 96,412 shares of FITB after the transaction. In another insider transaction, Schramm Jude sold 2,500 shares at $40.00 per share on Jul 16 ’24. Company shares held by the EVP & CIO now total 134,422.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Fifth Third Bancorp pays an annual dividend of $1.40, resulting in a dividend yield of 3.44%, and it has a price to earnings (P/E) ratio of 13.00. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, FITB has a high of $42.91 and a low of $22.49.

As of this writing, FITB has an earnings estimate of $0.83 per share for the current quarter. EPS was calculated based on a consensus of 20.0 estimates, with a high estimate of $0.87 per share and a lower estimate of $0.8.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $25.13, while its Total Shareholder’s Equity was $22.21B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 4.09.

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