Fifth Third Bancorp’s filing revealed that its Director Bayh Evan acquired Company’s shares for reported $0.12 million on May 03. In the deal valued at $24.82 per share,5,000 shares were bought. As a result of this transaction, Bayh Evan now holds 73,700 shares worth roughly $ 1.99 million.
Then, Heminger Gary R. bought 33,000 shares, generating $885,159 in total proceeds. Upon buying the shares at $26.82, the Director now owns 127,043 shares.
Before that, Heminger Gary R. bought 14,500 shares. Fifth Third Bancorp shares valued at $388,934 were divested by the Director at a price of $26.82 per share. As a result of the transaction, Heminger Gary R. now holds 14,786 shares, worth roughly $0.4 million.
Raymond James initiated its Fifth Third Bancorp [FITB] rating to a Mkt perform in a research note published on Friday.
Price Performance Review of FITB
On Friday, Fifth Third Bancorp [NASDAQ:FITB] saw its stock jump 1.88% to $27.05. On the same session, the stock had its day’s lowest price of $26.758, but rose to a high of $27.19. Over the last five days, the stock has gained 6.41%. Fifth Third Bancorp shares have fallen nearly -17.56% since the year began. Nevertheless, the stocks have fallen -20.79% over the past one year. While a 52-week high of $38.06 was reached on 02/02/23, a 52-week low of $22.11 was recorded on 03/13/23. SMA at 50 days reached $27.08, while 200 days put it at $29.70. A total of 5.15 million shares were traded, compared to the trading of 5.66 million shares in the previous session.
Levels Of Support And Resistance For FITB Stock
The 24-hour chart illustrates a support level at 26.81, which if violated will result in even more drops to 26.57. On the upside, there is a resistance level at 27.24. A further resistance level may holdings at 27.43. The Relative Strength Index (RSI) on the 14-day chart is 54.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.60%. Stochastics %K at 70.75% indicates the stock is a holding.
How much short interest is there in Fifth Third Bancorp?
A steep rise in short interest was recorded in Fifth Third Bancorp stocks on Aug 14, 2023, dropping by -1.91 million shares to a total of 7.83 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.74 million shares. There was a decline of -24.39%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.32% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.61.
Fifth Third Bancorp [FITB] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 84,215,300 shares, or roughly 12.37% of the outstanding FITB shares. In other words, the investor’s shares have risen by 49,964 from its previous 13-F filing of 84165336.0. Additionally, T. Rowe Price Associates, Inc. increased 4.03% of its stake after which the total value it holdings stand at $1,278,579,853, while BlackRock Fund Advisors reduced -0.42% of its stake to hold $1.22 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 709,615 shares of Fifth Third Bancorp, while JPMorgan Investment Management, I bought 875,889 shares. At present, Geode Capital Management LLC is holding 15,184,460 shares valued at $441.87 million. Charles Schwab Investment Managem owned 14,466,428 shares of the company at the time of its most recent 13F filing, worth $420.97 million.