Sandy Spring Bancorp (SASR) Insider Makes Significant Share Sale

Wednesday, March 07, 2018 10:15 PM ET

Sandy Spring Bancorp (SASR) Insider Makes Significant Share Sale

A filing with the SEC today disclosed a notable insider sale of Sandy Spring Bancorp shares as — Joseph S Bracewell, Director — sold 31,000 shares in the company having a market value of approximately $1,219,745. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 1,600 company shares and the sale of 152,316 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 181,716 shares and have averaged 30,819 shares per transaction over this time period.

The level of buy/sell trading at Sandy Spring Bancorp is is higher than 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 Sandy Spring Bancorp insiders was also higher. Within the peer group there were 303,072 shares purchased and 2,196,051 shares sold with company insiders selling 4,413 shares on average.

The data sourced 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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