Monday, November 20, 2017 10:15 PM ET
Insider Selling in Cadence Bancorp (CADE) Shares Continues
A significant insider sale of the shares of Cadence Bancorp was indicated in a form 4 document filed with the SEC today, showing — Cadence Bancorp Llc, 10% Owner — sold 1,425,000 shares in the company having a market value of approximately $31,350,000. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 9,500,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 10,925,000 shares and have averaged 5,462,500 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Cadence Bancorp is higher than the 335-company peer group average. Banks peer group saw 331 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Cadence Bancorp insiders was also higher. Within the peer group there were 202,068 shares purchased and 17,692,728 shares sold with company insiders selling 52,842 shares on average.
The data used 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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