Fifth Third Bancorp (NASDAQ:FITB) has tumbled 1.73% during the past week and has dropped 0.38% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.55%. Fifth Third Bancorp (NASDAQ:FITB) has underperformed the index by 1.29% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Fifth Third Bancorp (NASDAQ:FITB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.89 and $17.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.21, notching a gain of 1.96% for the day. The total traded volume was 12,170,840 . The stock had closed at $17.86 on the previous day.
The company shares have dropped -13.45% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $21.93 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $18.23 and the 200 Day Moving Average price is recorded at $17.70.
On the companys insider trading activities, The officer (EVP & Chief Risk & Credit Off), of Fifth Third Bancorp, Forrest Frank R. had unloaded 6,702 shares at $20.47 per share in a transaction on November 24, 2015. The total value of transaction was $137,190. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Susquehanna, downgrades their rating on the shares of Fifth Third Bancorp (NASDAQ:FITB). Susquehanna has a Neutral rating on the shares. Previously, the analysts had a Positive rating on the shares. The rating by the firm was issued on June 7, 2016. Currently the company Insiders own 0.99% of Fifth Third Bancorp shares according to the proxy statements. Institutional Investors own 82.02% of Fifth Third Bancorp shares.
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.