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Insider Sell: EVP Kala Gibson Sells Shares of Fifth Third Bancorp (FITB)

Fifth Third Bancorp (NASDAQ:FITB), a diversified financial services company headquartered in Cincinnati, Ohio, has seen a recent insider transaction according to the latest SEC filings. Executive Vice President Kala Gibson sold 14,857 shares of the company on April 22, 2024. The transaction was reported in an SEC Filing.Fifth Third Bancorp operates through four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. It provides a range of financial products and services to the retail, commercial, financial, governmental, educational, and medical sectors.Over the past year, the insider, Kala Gibson, has sold a total of 14,857 shares and has not made any purchases of the company's stock. This latest sale is part of a series of insider transactions at Fifth Third Bancorp, which includes 2 insider buys and 5 insider sells over the past year.

Insider Sell: EVP Kala Gibson Sells Shares of Fifth Third Bancorp (FITB)
Insider Sell: EVP Kala Gibson Sells Shares of Fifth Third Bancorp (FITB)

On the valuation front, shares of Fifth Third Bancorp were trading at $36.38 on the day of the insider's recent sale, giving the company a market cap of $24.993 billion. The price-earnings ratio stands at 11.60, which is above the industry median of 9.23 and also higher than the company's historical median price-earnings ratio.The stock's price-to-GF-Value ratio is 0.92, indicating that Fifth Third Bancorp is Fairly Valued based on its GF Value of $39.69. The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.

Insider Sell: EVP Kala Gibson Sells Shares of Fifth Third Bancorp (FITB)
Insider Sell: EVP Kala Gibson Sells Shares of Fifth Third Bancorp (FITB)

Investors and analysts often monitor insider transactions as they can provide insights into the company's performance and insider perspectives on the stock's valuation. The recent sale by EVP Kala Gibson adds to the data points for those tracking insider trends at Fifth Third Bancorp.

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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.

This article first appeared on GuruFocus.