On November 25, 2024, Robert Shaffer, Executive Vice President and Chief Risk Officer at Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB, Financial), sold 25,000 shares of the company. Following this transaction, the insider now owns 169,922 shares of the company. The transaction details can be found in the SEC Filing.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The company operates through its principal subsidiary, Fifth Third Bank, National Association, offering a range of financial products and services to individuals, businesses, and communities.
The insider transaction history for Fifth Third Bancorp indicates that there have been no insider buys over the past year, while there have been 16 insider sells during the same period. Over the past year, Robert Shaffer has sold a total of 25,000 shares and has not purchased any shares.
On the day of the recent sale, shares of Fifth Third Bancorp were trading at $48.65, giving the stock a market cap of $32.354 billion. The company's price-earnings ratio stands at 16.03, which is higher than the industry median of 10.7 and also higher than the company’s historical median price-earnings ratio.
With a trading price of $48.65 and a GuruFocus Value of $38.14, Fifth Third Bancorp has a price-to-GF-Value ratio of 1.28, indicating that the stock is modestly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company’s past returns and growth, and future estimates of business performance from Morningstar analysts.
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.
