Wednesday, November 01, 2017 10:15 PM ET
Insider Selling in Sterling Bancorp (STL) Shares Continues
A filing with the SEC today indicated a notable insider sale of Sterling Bancorp shares as — James F Deutsch, Director — sold 100,000 shares in the company having a market value of approximately $2,497,532. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 10,000 company shares and the sale of 300,500 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 390,500 shares and have averaged 102,625 shares per transaction over this time period.
Sterling Bancorp insider trading represents a higher number of buy/sell transactions than for the 184 peer company average over the last 90-day period. The Commercial Banks peer group saw 318 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Sterling Bancorp insiders was also higher. Within the peer group there were 411,781 shares purchased and 1,692,272 shares sold with company insiders disposing of 4,027 shares on average.
The data sourced in creating and writing in this story eliminates 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.
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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