Insider at WashingtonFirst Bankshares (WFBI) Makes Significant Sale of Stock

Wednesday, December 27, 2017 10:15 PM ET

Insider at WashingtonFirst Bankshares (WFBI) Makes Significant Sale of Stock

There was a significant sale of shares of WashingtonFirst Bankshares by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Kenneth Morrissette, Director — sold 50,000 shares in the company having a market value of approximately $1,708,858. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 64,408 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 114,408 shares and have averaged 19,068 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at WashingtonFirst Bankshares is greater than the 189-company peer group average. Corporate Banks peer group saw 280 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for WashingtonFirst Bankshares insiders was also higher. Within the peer group there were 177,607 shares purchased and 1,282,821 shares sold with company insiders disposing of 3,947 shares on average.

Significant insider buying and selling activity 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 data obtained in composing and writing this story.

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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