Monday, October 23, 2017 10:15 PM ET
Insider Selling in ServisFirst Bancshares (SFBS) Shares Continues
A SEC filing today revealed a notable insider sale of ServisFirst Bancshares shares as — Rex D McKinney, Officer — disposed of 33,000 shares in the company having a market value of approximately $1,342,440. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 3,546 company shares and the disposition of 136,750 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 166,204 shares and have averaged 34,659 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at ServisFirst Bancshares is higher than the 183-company peer group average. Commercial Banks peer group saw 308 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for ServisFirst Bancshares insiders was also higher. Within the peer group there were 444,359 shares purchased and 1,443,018 shares sold with company insiders selling 3,242 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 sourced to create and write this story.
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