Simmons First National (SFNC) Insider Makes Significant Share Sale

Friday, September 22, 2017 10:15 PM ET

Simmons First National (SFNC) Insider Makes Significant Share Sale

A filing with the SEC today indicated a substantial insider sale of Simmons First National shares as — Christopher R Kirkland, Director — sold 50,000 shares in the company having a market value of approximately $2,755,900. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 31,670 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 81,670 shares and have averaged 27,223 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Simmons First National is greater than its 324-company peer group average. The Banks peer group saw 358 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Simmons First National insiders is lower than its peers. Within the peer group there were 1,114,510 shares purchased and 37,907,708 shares sold with company insiders disposing of 102,774 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 used to create 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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