Monday, September 11, 2017 10:15 PM ET
Significant Insider buy of Banc of California (BANC) Shares Breaks neutral Trend of Last Quarter
There was a significant insider purchase in Banc of California shares today as revealed in a filing with the SEC. One insider — Douglas H Bowers, Officer — bought 57,000 shares in the company having a net market value of approximately $1,000,920. This is the first insider buy/sell trade in the past 90 days.
This number of buy-sell trades at Banc of California is near average for the 324 member peer company. The Banks peer group saw 376 buy/sell trades during this period for an average of 1.2 transactions per company. However, trading at Banc of California represents a lower number of shares per transaction. Within the peer group there were 1,180,830 shares purchased and 35,112,776 shares sold with company insiders selling 90,245 shares on average over this time period.
The data sourced in evaluating 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.
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