Tuesday, November 14, 2017 10:15 PM ET
Significant Insider Selling Reported in Shares of Cadence Bancorp (CADE)
One Cadence Bancorp insider — Cadence Bancorp, LLC, 10% Owner — today, sold 9,500,000 shares having a market value of approximately $209,000,000, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
The number of buy-sell trades for Cadence Bancorp is close to that of the 334 member peer company average. 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 per buy/sell trade transacted by Cadence Bancorp insiders is higher. 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.
Insider buying and selling activity that is significant has been determined by eliminating 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 in creating and writing this story.
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