Friday, March 09, 2018 10:15 PM ET
Insider Sale at Sterling Bancorp (STL) Deemed Significant
A filing with the SEC today disclosed a significant insider sale of Sterling Bancorp shares as — James F Deutsch, Director — disposed of 200,000 shares in the company having a market value of approximately $5,043,924. This is the first insider buy/sell trade in the past 90 days.
Insider buy/sell trading at Sterling Bancorp is below the 190 peer company average over the last 90-day period. The Corporate Banks peer group saw 312 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares per buy/sell trade for Sterling Bancorp is higher. Within the peer group there were 185,077 shares purchased and 8,823,061 shares sold with company insiders disposing of 27,686 shares on average.
Insider buying and selling activity that is significant 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 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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