Fifth Third Bancorp (FITB) sees Significant Insider Selling Continuing

Friday, February 23, 2018 10:15 PM ET

Fifth Third Bancorp (FITB) sees Significant Insider Selling Continuing

An insider — James C Leonard, Officer — disposed of 35,000 shares of Fifth Third Bancorp having a market value of approximately $1,183,095 today, as revealed in a form 4 document filed with the SEC. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 151,594 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 186,594 shares and have averaged 26,656 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Fifth Third Bancorp is greater than its 190-company peer group average. The Corporate Banks peer group saw 295 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares traded per transaction by Fifth Third Bancorp insiders is lower than its peers. Within the peer group there were 194,015 shares purchased and 8,161,072 shares sold with company insiders having sold 27,007 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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