Insider Sell: EVP & CIO Jude Schramm Sells 5,000 Shares of Fifth Third Bancorp (FITB)

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Fifth Third Bancorp (FITB, Financial), a diversified financial services company headquartered in Cincinnati, Ohio, has seen a recent insider transaction according to the latest SEC filings. Jude Schramm, the Executive Vice President and Chief Information Officer of Fifth Third Bancorp, sold 5,000 shares of the company on March 25, 2024. Jude Schramm’s transaction involved the sale of 5,000 shares at a market price of $36.38 per share. This transaction has been officially filed with the SEC, and the details can be found in the SEC Filing. Fifth Third Bancorp operates through four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. It offers a range of financial products and services to the retail, commercial, financial, governmental, educational, and medical sectors. Over the past year, Jude Schramm has sold a total of 5,000 shares and has not made any purchases of the company's stock. This latest sale contributes to the insider transaction history for Fifth Third Bancorp, which shows a total of 2 insider buys and 4 insider sells over the past year. 1772929590428332032.png The market capitalization of Fifth Third Bancorp stands at $24.628 billion, with the stock trading at $36.38 on the day of the insider's recent sale. The price-earnings ratio of the company is 11.15, which is higher than the industry median of 9.37 and also above the historical median price-earnings ratio for the company. With the current stock price and a GuruFocus Value of $39.66, Fifth Third Bancorp has a price-to-GF-Value ratio of 0.92, indicating that the stock is Fairly Valued based on its GF Value. 1772929609512415232.png The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts. The insider's recent sale may attract the attention of investors who track insider behaviors as an indicator of confidence in the company's future prospects. However, it is important to consider the broader context of the market and the company's financial performance when evaluating the significance of insider transactions.

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