Friday, September 15, 2017 10:15 PM ET
Significant Insider Sales in Shares of ServisFirst Bancshares (SFBS) Extends the Selling Trend of Last Quarter
There was a notable level of share sales at ServisFirst Bancshares by insiders today, as revealed in form 4 documents filed with the SEC. Two insiders — Andrew N Kattos, Officer, and Bradford Alan Vieira, Officer — disposed of 61,750 shares in the company having a market value of approximately $2,128,798. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 3,546 company shares and the disposition of 75,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 133,204 shares and have averaged 35,074 shares per transaction over this time period.
The level of buy/sell trading at ServisFirst Bancshares is is above the 179 peer company average over the last 90-day period. The Commercial Banks peer group saw 278 buy/sell trades during this period for an average of 1.6 transactions per company. The number of shares per buy/sell trade for ServisFirst Bancshares insiders was also higher. Within the peer group there were 405,502 shares purchased and 1,164,754 shares sold with company insiders selling 2,731 shares on average.
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 obtained to compose and write this story.
Today’s Insider Activity
* Andrew N Kattos, Officer, sold 58,000 shares
* Bradford Alan Vieira, Officer, sold 3,750 shares
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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