Monday, February 26, 2018 10:15 PM ET
Insider Selling at First Interstate BancSystem (FIBK) Continues with Significant Sale
There was a notable insider sale of First Interstate BancSystem shares today, as indicated in a filing with the SEC as — Thomas W Scott, 10% Owner — disposed of 250,000 shares in the company having a market value of approximately $9,875,000 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 disposition of 20,497 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 270,497 shares and have averaged 45,083 shares per transaction over this time period.
The number of insider buy/sell trades at First Interstate BancSystem is above the 346 peer company average over the last 90-day period. The Banks peer group saw 429 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for First Interstate BancSystem insiders was also higher. Within the peer group there were 310,520 shares purchased and 2,985,065 shares sold with company insiders disposing of 6,234 shares on average.
The data obtained in composing 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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