Fifth Third Bancorp (NASDAQ:FITB) : The most positive equity analysts on Fifth Third Bancorp (NASDAQ:FITB) expects the shares to touch $22, whereas, the least positive believes that the stock will trade at $17 in the short term. The company is covered by 18 Wall Street Brokerage Firms. The average price target for shares are $19.75 with an expected fluctuation of $1.2 from the mean.
Fifth Third Bancorp has lost 7.21% in the last five trading days and dropped 6.77% in the last 4 weeks. Fifth Third Bancorp is up 5.55% in the last 3-month period. Year-to-Date the stock performance stands at -11.11%. Also, Major Brokerage house, Susquehanna downgrades its ratings on Fifth Third Bancorp (NASDAQ:FITB). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. 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) : 5 brokerage houses believe that Fifth Third Bancorp (NASDAQ:FITB) is a Strong Buy at current levels. 4 Analyst considers the fundamentals to be worthy of a Buy recommendation. 17 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Fifth Third Bancorp (NASDAQ:FITB). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 26 Wall Street Analysts endorse the stock as a Buy with a rating of 2.44.
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 $17.28 and $17.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.59, notching a gain of 2.75% for the day. The total traded volume was 15,029,944 . The stock had closed at $17.12 on the previous day.
In an insider trading activity, The Securities and Exchange Commission has divulged that Forrest Frank R., officer (EVP & Chief Risk & Credit Off) of Fifth Third Bancorp, had unloaded 6,702 shares at an average price of $20.47 in a transaction dated on November 24, 2015. The total value of the transaction was worth $137,190.
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.