Simmons First National (SFNC) sees Significant Insider Selling Continuing

Tuesday, September 26, 2017 10:15 PM ET

Simmons First National (SFNC) sees Significant Insider Selling Continuing

A filing with the SEC today revealed a significant 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 $2,750,000. 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 81,670 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 131,670 shares and have averaged 43,890 shares per transaction over this time period.

The number of insider buy/sell trades at Simmons First National is above that of the 324 peer company average over the last 90-day period. The Banks peer group saw 363 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 1,121,610 shares purchased and 37,957,648 shares sold with company insiders disposing of 101,477 shares on average over this time period.

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 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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