Fifth Third Bancorp (NASDAQ:FITB) share price plunged -1.64% or -0.40 points to reach at $23.93 during previous trading session. The stock’s price fluctuated within the range of $23.91 – $24.51 during previous trading session. A total of 6.74M shares exchanged hands, whereas the company’s average trading volume stands at 6.32M shares. Fifth Third Bancorp (NASDAQ:FITB) has a market capitalization of $17.67B and most recently 750.62M outstanding shares have been calculated.
In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.
Relative strength index (RSI-14) for Fifth Third Bancorp (NASDAQ:FITB) is at 29.31.
According to sentiments of 26 analysts the mean estimates of short term price target for the company’s stock is marked at $27.43. The most optimistic analyst sees the stock reaching $30.00 while the most conventional predicts the target price at $24.00.
The consensus means EPS for the current quarter is at $0.37 derived from a total of 30 estimates. According to analysts minimum EPS for the current quarter is expected at $0.35 and can go high up to $0.4. However a year ago during same quarter Fifth Third Bancorp (NASDAQ:FITB) reported $0.4 EPS.
For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.43 per share according to consensus of 30 analysts.
According to sentiments of 21 analysts the company is expected to report revenues of $1.48B for the current quarter. Bearish revenue estimates established at $1.46B while the bullish revenue forecast has been figured out at $1.54B.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.97 on the shares of Fifth Third Bancorp (NASDAQ:FITB). Out of rating recommendations 2 have given the stock a Buy while 2 recommend the stock as Outperform. 23 have given the stock a Hold rating, 1 as Underperform and 2 as Sell.
On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Fifth Third Bancorp (NASDAQ:FITB) distance from 20 day simple moving average is -4.91% whereas its distance from 50 day simple moving average is -8.84% along with 3.94% distance from 200 day simple moving average.
An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Fifth Third Bancorp (NASDAQ:FITB) shares were trading -16.94% below from the 52-week high mark of $28.81 and 52.01% above from the 52-week bottom of $15.74. The stock hit its 52-week high price on 03/01/17, and 52-week low price on 06/27/16.
When we have a peek on stock’s historical trends we come to know that, the stock has slipped -4.96% in the past one week and plunged -9.02% during previous one month drive, the stock went down -10.58% during past quarter. In the last six months the stock’s performance soared 18.73% while yearly performance of the company advanced 38.38%. The company’s year to date (YTD) performance is at -10.78%.
While taking a glance at financials, we can look at a number of key indicators. Fifth Third Bancorp (NASDAQ:FITB) has a Return on Assets (ROA) of 1.00%. The company currently has a Return on Equity (ROE) of 9.70% and a Return on Investment (ROI) of 9.50%. Average true range (ATR-14) of the company sets at 0.62, along with its weekly and monthly volatility of 2.14%, 2.60% respectively. Beta value of the stock stands at 1.33.