Fifth Third Bancorp (FITB) has an average broker rating of 2.56, which is interpreted as a Hold, as rated by 25 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 18 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Fifth Third Bancorp (FITB) stock is expected to deviate a maximum of $1.12 from the average target price of $19.68 for the short term period. 17 Street Experts have initiated coverage on the stock with the most promising target being $22 and the most muted being $17.
Company shares have received an average consensus rating of Hold for the current week Fifth Third Bancorp (NASDAQ:FITB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.13 and $19.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.24, notching a gain of 0.79% for the day. The total traded volume was 4,856,504 . The stock had closed at $19.09 on the previous day.
In a related news, Forrest Frank R., officer (EVP & Chief Risk & Credit Off) of Fifth Third Bancorp, unloaded 6,702 shares at an average price of $20.47 on November 24, 2015. The total amount of the transaction was worth $137,190, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Fifth Third Bancorp is a bank holding company. The Companys subsidiary, Fifth Third Bank, provide a range of financial products and services to the retail, commercial, financial, governmental, educational and medical sectors, and credit products, such as credit cards, installment loans, mortgage loans and leases. The Company operates in four business segments: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors. Commercial Banking offers credit intermediation, cash management and financial services to market businesses and Government, and professional customers. Branch Banking provides a range of deposit and loan and lease products to individuals and businesses through approximately 1,302 Banking Centers. Consumer Lending includes its mortgage, home equity, automobile and other indirect lending activities. Investment Advisors provides a range of investment alternatives for individuals, companies and not-for-profit organizations.