Significant Insider Selling in Shares of FCB Financial Holdings (FCB) Continues

Wednesday, August 09, 2017 10:15 PM ET

Significant Insider Selling in Shares of FCB Financial Holdings (FCB) Continues

A substantial insider sale of the shares of FCB Financial Holdings was disclosed in a form 4 document filed with the SEC today, showing — Paul A Novelly, Director — disposed of 25,000 shares in the company having a market value of approximately $1,177,445. There have been 3 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 177,567 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 202,567 shares and have averaged 50,642 shares per transaction over this time period.

Insiders at FCB Financial Holdings have a level of buy/sell trades that is above the 174-peer company average over the last 90-day period. The Commercial Banks peer group saw 251 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for FCB Financial Holdings insiders was also higher. Within the peer group there were 239,563 shares purchased and 1,033,501 shares sold with company insiders selling 3,163 shares on average.

The data obtained in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary artificial intelligence methods, 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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