Tuesday, November 14, 2017 10:15 PM ET
Insider Selling at First Interstate BancSystem (FIBK) Continues with Significant Sale
An insider — Jonathan R Scott, Director — sold 50,000 shares of First Interstate BancSystem having a market value of approximately $1,853,395 today, as disclosed in a form 4 document filed with the SEC. 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 500 company shares and the disposition of 2,822 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 52,322 shares and have averaged 10,664 shares per transaction over this time period.
The number of insider buy/sell trades at First Interstate BancSystem is greater than that of the 334 peer company average over the last 90-day period. The Banks peer group saw 335 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares traded per transaction by First Interstate BancSystem insiders is lower than its peers. Within the peer group there were 538,996 shares purchased and 8,034,974 shares sold with company insiders disposing of 22,376 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 obtained to evaluate and write this story.
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