Price Target Update on Fifth Third Bancorp (NASDAQ:FITB)

Fifth Third Bancorp (NASDAQ:FITB) : The most positive equity analysts on Fifth Third Bancorp (NASDAQ:FITB) expects the shares to touch $24, whereas, the least positive believes that the stock will trade at $17 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $19.97 with an expected fluctuation of $1.52 from the mean.

Other Equity analysts have also commented 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.

Fifth Third Bancorp (NASDAQ:FITB): stock turned positive on Thursday. Though the stock opened at $18.72, the bulls momentum made the stock top out at $19.12 level for the day. The stock recorded a low of $18.72 and closed the trading day at $19.11, in the green by 3.63%. The total traded volume for the day was 5,494,988. The stock had closed at $18.44 in the previous days trading.

The company shares have dropped -13.87% 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 $18.24 and the 200 Day Moving Average price is recorded at $17.60. 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.

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.

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