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Insider Sales at First Interstate BancSystem (FIBK) Extends the Selling Trend of Last Quarter

· 02/04/2021 17:25

10:19 PM EST, 02/04/2021 (MT Newswires) -- First Interstate BancSystem, today, saw two insiders -- Susan Scott Heyneman, 10% Owner, and Jeremy Scott, 10% Owner -- sell 331,367 shares having a market value of approximately $13,192,001, as reported in form 4 documents filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 108,807 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 440,174 shares and have averaged 110,044 shares per transaction over this time period.

Today's Insider Activity

Relative to its peers over the last 90 days, insider buy/sell trading at First Interstate BancSystem is greater than the 394-company peer group average. Banks peer group saw 392 buy/sell trades during this period for an average of 1.0 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 532,855 shares purchased and 28,799,349 shares sold with company insiders disposing of 72,108 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 obtained to compose and write this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.