Kristine Garrett, Executive Vice President of Fifth Third Bancorp (FITB, Financial), sold 7,500 shares of the company on October 28, 2024. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 55,913 shares of Fifth Third Bancorp.
Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's services include branch banking, commercial banking, consumer lending, and wealth and asset management. It serves customers through numerous branches and ATMs across multiple states.
Over the past year, Kristine Garrett has sold a total of 22,100 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 15 insider sells and only 1 insider buy over the past year.
On the day of the sale, shares of Fifth Third Bancorp were trading at $43.67. This valuation gives the company a market cap of approximately $29.76 billion. The price-earnings ratio of the stock stands at 14.62, which is above both the industry median of 10.53 and the historical median for the company.
According to the GF Value, which is an intrinsic value estimate from GuruFocus, Fifth Third Bancorp has a GF Value of $38.12. With the current price of $43.67, the stock is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.15.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation adjustments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
