Just the Facts on Fifth Third Bancorp (FITB)

Fifth Third Bancorp (FITB) is an interesting player in the Financial space, with a focus on Regional – Midwest Banks. The stock has been active on the tape, currently trading at $28.06, down from yesterday’s close by -0.32%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

No amount of research is complete without a bird’s eye view of the financial data. Fifth Third Bancorp (FITB) currently trades with a market capitalization of $20.74 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For FITB, you can get a sense of how sustainable that is by a levered free cash flow of $2.04 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.47 on a per share basis this quarter. Perhaps, that suggests something about why 83.49% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Fifth Third Bancorp recorded a 52-week high of $28.97. It is now trading 0.91% off that level. The stock is trading $26.94 its 50-day moving average by -1.12%. The stock carved out a 52-week low down at $19.57.

In recent action, Fifth Third Bancorp (FITB) has made a move of +5.81% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.96, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.67% with $734.52 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of FITB.

Previous articleThe Case for and Against Mondelez International, Inc. (MDLZ)
Next articleTaking a Look at the Data Behind The Coca-Cola Company (KO)