Tuesday, March 06, 2018 10:15 PM ET
Sandy Spring Bancorp (SASR) Insider Makes Significant Share Sale
An insider — Joseph S Bracewell, Director — sold 100,000 shares of Sandy Spring Bancorp having a market value of approximately $3,921,448 today, as revealed in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 1,600 company shares and the sale of 52,316 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 150,716 shares and have averaged 25,653 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Sandy Spring Bancorp is higher than the 346-company peer group average. Banks peer group saw 422 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Sandy Spring Bancorp insiders was also higher. Within the peer group there were 298,984 shares purchased and 2,266,861 shares sold with company insiders disposing of 4,663 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose and write this story.
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