Stock Indicator Focus for Fifth Third Bncp (FITB)

The firm saw a rise in short interest of 206.08% between August 15, 2017 and August 31, 2017. These ratios are important while doing valuation of the company or the shares of the company. The share price has already crossed its 20 days moving average, floating at a distance of 4.73% and sits 4.45% higher versus its 50 days moving average.

Shares of Fifth Third Bancorp (NASDAQ FITB) opened at 27.57 on Monday.

What do the trading volumes reveal?

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Taking a deeper dive into the numbers, Tokyo Electric Power Company Holdings Inc (TKECF) has a 50-day Moving Average of 4.10, the 200-day Moving Average is 4.00, and the 7-day is noted at 4.09. Fifth Third Bancorp (FITB) average trading volume of 5,150,180 during the past month is 13.34% below its average volume over the past year, indicating that investors have been less active than usual in the stock in recent times. The market capitalization of the company is at $20.56 Billion.

Let's take a look at some historical average volume information on shares of Fifth Third Bncp (FITB). The financial services provider posted $0.45 EPS for the period, exceeding Zacks' average forecast of $0.42 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. Fifth Third Bancorp had a net margin of 21.83% and a return on equity of 10.44%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. In the last earnings report the EPS was $1.97 and is estimated to be $1.83 for the current year with 736,725,000 shares outstanding. Additionally the company recently declared a dividend for shareholders payable on Monday October 16th, 2017. Ollie's Bargain Outlet Holdings, given 2 buy-equivalent recommendations, 0 sells and 3 holds. This is a positive change from Fifth Third Bancorp's previous quarterly dividend of $0.14. The ex-dividend date will be Wednesday June 28th, 2017. Fifth Third Bancorp's yield ratio (DPR) is presently 28.43%. BlackRock has an ownership of 48,949,216 stocks of the financial services provider's shares valued $1,243,309,000 after scooping up an extra 47,483,352 shares through out the quarter. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

In related news, EVP Frank R. Forrest sold 7,004 shares of the stock in a transaction dated Friday, August 18th. RSI is a momentum oscillator that moves in a range from 0 to 100. Following the completion of the sale, the executive vice president now directly owns 71,793 shares of the company's stock, valued at $1,881,694.53. The transaction was disclosed in a document filed with the SEC, which is available through this link. Lastly, Wells Fargo & Company initiated coverage on stocks of Fifth Third Bancorp in a note on Wed, Aug 9th. Vanguard Group Inc. now owns 57,881,541 shares of the financial services provider's stock valued at $1,502,604,000 after buying an additional 639,361 shares during the period. Janus Capital Management raised its holdings in Fifth Third Bancorp by 622.7% in the 1st period. AQR Capital Management raised its holdings in Fifth Third Bancorp by 87.1% in the 1st period. Sanders Capital LLC now owns 13,730,238 shares of the financial services provider's stock worth $354,605,000 after acquiring an additional 189,300 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Fifth Third Bancorp by 4.3% during the second quarter.

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WARNING: "Fifth Third Bancorp (FITB) Raised to "Buy" at Zacks Investment Research" was originally published by StockNewsTimes and is the property of of StockNewsTimes. Morgan Stanley reiterated an "equal weight" rating and issued a $28.00 price target (up previously from $26.00) on shares of Fifth Third Bancorp in a research note on Thursday, July 6th. BidaskClub cut Fifth Third Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, August 12th. Finally, Oppenheimer Holdings, Inc. reaffirmed a "hold" rating on shares of Fifth Third Bancorp in a report on Saturday, July 22nd. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and two have given a buy rating to the company. Keefe, Bruyette & Woods reissued a "hold" recommendation and fixed a $27.50 price objective on the stock of Fifth Third Bancorp in a note on Fri, Jul 14th.

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