Insider Sale at Capital Bank Financial (CBF) Deemed Significant

Wednesday, September 20, 2017 10:15 PM ET

Insider Sale at Capital Bank Financial (CBF) Deemed Significant

There was a significant sale of shares of Capital Bank Financial by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Crestview Partners II Gp Lp, Director — disposed of 3,030,362 shares in the company having a market value of approximately $115,207,819. This is the first insider buy/sell trade in the past 90 days.

The level of buy-sell trading at Capital Bank Financial is near the 324 member peer company average. The Banks peer group saw 356 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares per buy/sell trade transacted by Capital Bank Financial insiders is higher. Within the peer group there were 1,116,914 shares purchased and 34,843,013 shares sold with company insiders selling 94,736 shares on average.

In order to focus on significant insider buying and selling activity, 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 has been eliminated data used 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.

For more information, contact UpTick at Copyright 2017 UpTick Data Technologies. All rights reserved.

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