Significant Insider Selling Continues at Simmons First National (SFNC)

Thursday, September 28, 2017 10:15 PM ET

Significant Insider Selling Continues at Simmons First National (SFNC)

There was a substantial sale of shares of Simmons First National by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Christopher R Kirkland, Director — disposed of 33,009 shares in the company having a market value of approximately $1,829,130. 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 disposition of 131,670 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 164,679 shares and have averaged 54,893 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 361 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 616,610 shares purchased and 38,017,255 shares sold with company insiders having sold 103,603 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 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.

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