State Commercial Banks
Standard Industrial Classification: SIC 6022
Industry Insider Sentiment Analysis
The State Commercial Banks sector (SIC 6022) acts as a critical barometer for broader economic health. Our real-time monitoring reveals total transactions. Monitoring "cluster buying" is one of the most reliable leading indicators for future sector performance. By analyzing aggregate data across this specific Standard Industrial Classification, investors can filter out individual company volatility and identify high-conviction trends. When multiple directors and officers within the same industry move capital simultaneously, it often signals an upcoming sector-wide revaluation or a fundamental shift in supply chain dynamics that has yet to be recognized by the broader public market.
| Filing Date | Trade Date | Ticker | Company | Reporting Person | Relationship | Type | Price | Qty | Total, $ | Owned After |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023-11-09 00:23 | 2023-11-06 | MBIN | Merchants Bancorp | Rogers Randall D. | Director, Officer | SELL | $31.75 | 21,157 | $671,735 | 57,894 |
| 2023-11-08 18:22 | 2023-11-06 | CSBB | CSB Bancorp, Inc. | STEINER EDDIE L | Director, Officer | BUY | $37.99 | 1,000 | $37,990 | 15,085 |
| 2023-11-08 21:35 | 2023-11-06 | SYBT | Stock Yards Bancorp, Inc. | HEINTZMAN DAVID P | Director | SELL | $43.95 | 2,000 | $87,907 | 68,118 |
| 2023-11-08 21:16 | 2023-11-07 | PFBX | PEOPLES FINANCIAL CORP /MS/ | STILWELL JOSEPH | 10% owner | BUY | $13.00 | 2,000 | $26,000 | 388,561 |
| 2023-11-08 01:27 | 2023-11-07 | OBT | Orange County Bancorp, Inc. /DE/ | Coulter Michael J | Officer | SELL | $44.50 | 1,195 | $53,178 | 5,664 |
| 2023-11-07 18:35 | 2023-11-03 | OBT | Orange County Bancorp, Inc. /DE/ | Coulter Michael J | Officer | SELL | $44.75 | 305 | $13,649 | 6,859 |
| 2023-11-08 01:06 | 2023-11-03 | COFS | CHOICEONE FINANCIAL SERVICES INC | Armock Greg L. | Director | BUY | $20.14 | 4,826 | $97,196 | 10,453 |
| 2023-11-07 23:07 | 2023-11-06 | RBB | RBB Bancorp | Polakoff Scott | Director | BUY | $13.52 | 7,912 | $107,005 | 7,412 |
| 2023-11-07 22:46 | 2023-11-06 | RBB | RBB Bancorp | Franko Robert | Director | BUY | $13.59 | 500 | $6,795 | 5,000 |
| 2023-11-08 01:27 | 2023-11-06 | RBB | RBB Bancorp | Polakoff Scott | Director | BUY | $13.52 | 7,412 | $100,210 | 7,412 |
| 2023-11-07 23:42 | 2023-11-07 | CUBI | Customers Bancorp, Inc. | Velasquez Jessie John Deano | Officer | SELL | $44.35 | 1,364 | $60,494 | 3,644 |
| 2023-11-07 18:55 | 2023-11-07 | FMNB | FARMERS NATIONAL BANC CORP /OH/ | Wenick Mark J | Officer | BUY | $12.06 | 210 | $2,533 | 23,717 |
| 2023-11-08 03:08 | 2023-11-06 | MOFG | MidWestOne Financial Group, Inc. | Godwin Janet E | Director | BUY | $20.75 | 1,015 | $21,061 | 7,349 |
| 2023-11-08 00:29 | 2023-10-31 | FBIZ | FIRST BUSINESS FINANCIAL SERVICES, INC. | Sanders Carol P | Director | BUY | $31.08 | 193 | $5,998 | 9,887 |
| 2023-11-08 03:32 | 2023-11-03 | CATY | CATHAY GENERAL BANCORP | BINGHAM KIM R | Officer | SELL | $37.42 | 6,000 | $224,543 | 41,849 |
| 2023-11-08 00:09 | 2023-11-03 | INDB | INDEPENDENT BANK CORP | MORRISSEY JOHN J | Director | SELL | $54.59 | 2,000 | $109,180 | 11,492 |
| 2023-11-07 20:46 | 2023-11-06 | PFBX | PEOPLES FINANCIAL CORP /MS/ | STILWELL JOSEPH | 10% owner | BUY | $12.99 | 2,653 | $34,451 | 386,561 |
| 2023-11-06 21:12 | 2023-11-02 | MBCN | MIDDLEFIELD BANC CORP | Moeller Jennifer L | Director | BUY | $25.25 | 43 | $1,086 | 1,648 |
| 2023-11-06 20:16 | 2023-11-02 | RBCAA | REPUBLIC BANCORP INC /KY/ | Ames Christy | Officer | SELL | $45.74 | 1,000 | $45,740 | 4,754 |
| 2023-11-06 23:31 | 2023-11-03 | FFIN | FIRST FINANCIAL BANKSHARES INC | Nickles Robert Clark Jr | Director | BUY | $26.22 | 674 | $17,672 | 92,386 |
| 2023-11-06 20:06 | 2023-11-02 | MPB | MID PENN BANCORP INC | Evans Albert J. | Director | BUY | $19.61 | 3,800 | $74,507 | 24,404 |
| 2023-11-06 19:41 | 2023-11-03 | BY | BYLINE BANCORP, INC. | HERSETH MARY JO S. | Director | BUY | $20.23 | 1,040 | $21,034 | 15,707 |
| 2023-11-06 17:54 | 2023-11-03 | CZNC | CITIZENS & NORTHERN CORP | Pellegrino Frank G | Director | BUY | $19.09 | 83 | $1,585 | 33,970 |
| 2023-11-06 18:36 | 2023-11-02 | RBCAA | REPUBLIC BANCORP INC /KY/ | DeWeese Steven E | Officer | SELL | $46.09 | 457 | $21,063 | 31,921 |
| 2023-11-06 19:25 | 2023-11-03 | MPB | MID PENN BANCORP INC | De Soto Matthew G | Director | BUY | $20.17 | 2,510 | $50,624 | 65,115 |
| 2023-11-07 00:32 | 2023-11-02 | FVCB | FVCBankcorp, Inc. | PIJOR DAVID W | Director, Officer | SELL | $11.15 | 7,543 | $84,098 | 451,010 |
| 2023-11-06 22:34 | 2023-11-03 | PFBX | PEOPLES FINANCIAL CORP /MS/ | STILWELL JOSEPH | 10% owner | BUY | $12.99 | 2,500 | $32,468 | 383,908 |
| 2023-11-03 18:42 | 2023-11-03 | FMNB | FARMERS NATIONAL BANC CORP /OH/ | Richardson Gina A | Director | BUY | $12.11 | 440 | $5,328 | 2,182 |
| 2023-11-04 03:09 | 2023-08-25 | TRST | TRUSTCO BANK CORP N Y | Powell Curtis N | Director | BUY | $28.00 | 200 | $5,600 | 1,786 |
| 2023-11-03 21:33 | 2023-11-02 | COFS | CHOICEONE FINANCIAL SERVICES INC | McConnell Gregory A | Director | BUY | $20.10 | 1,200 | $24,120 | 28,621 |
| 2023-11-03 17:28 | 2023-11-02 | OBT | Orange County Bancorp, Inc. /DE/ | Sousa Gregory | Officer | SELL | $44.03 | 1,135 | $49,975 | 3,752 |
| 2023-11-04 00:09 | 2023-11-01 | BY | BYLINE BANCORP, INC. | DEL VALLE PEROCHENA ANTONIO | Director, 10% owner | BUY | $18.95 | 4,100 | $77,695 | 11,809,701 |
| 2023-11-04 00:08 | 2023-11-01 | BY | BYLINE BANCORP, INC. | MBG INVESTORS I, L.P. | 10% owner | BUY | $18.95 | 4,100 | $77,695 | 11,809,701 |
| 2023-11-03 23:05 | 2023-11-01 | STT | STATE STREET CORP | Aboaf Eric W. | Officer | SELL | $64.94 | 10,000 | $649,411 | 135,974 |
| 2023-11-04 00:21 | 2023-11-02 | MBIN | Merchants Bancorp | Dury Michael R. | Officer | BUY | $18.26 | 14,000 | $255,640 | 26,000 |
| 2023-11-04 00:18 | 2023-11-01 | MBIN | Merchants Bancorp | Petrie Michael F. | Director, Officer, 10% owner | SELL | $30.30 | 20,064 | $607,939 | 2,026,511 |
| 2023-11-04 00:18 | 2023-11-02 | MBIN | Merchants Bancorp | Rogers Randall D. | Director, Officer | SELL | $31.61 | 138,843 | $4,389,396 | 847,212 |
| 2023-11-03 21:18 | 2023-11-01 | MPB | MID PENN BANCORP INC | Noone John E | Director | BUY | $18.96 | 1,300 | $24,652 | 39,400 |
| 2023-11-03 23:32 | 2023-11-03 | GABC | GERMAN AMERICAN BANCORP, INC. | SEGER THOMAS W | Director | BUY | $28.27 | 755 | $21,344 | 460,473 |
| 2023-11-03 18:56 | 2023-11-01 | CCNE | CNB FINANCIAL CORP/PA | Peduzzi Michael D | Director, Officer | BUY | $18.28 | 500 | $9,140 | 26,747 |
| 2023-11-03 21:31 | 2023-11-02 | COFS | CHOICEONE FINANCIAL SERVICES INC | Essex Bruce John Jr | Director | BUY | $19.82 | 4,693 | $93,015 | 236,278 |
| 2023-11-03 20:03 | 2023-11-02 | MPB | MID PENN BANCORP INC | MOWERY THEODORE W | Director | BUY | $19.45 | 1,300 | $25,281 | 20,804 |
| 2023-11-03 18:04 | 2023-11-02 | FSBC | FIVE STAR BANCORP | Wait Brett Levi | Officer | BUY | $19.25 | 1,750 | $33,688 | 13,284 |
| 2023-11-03 20:29 | 2023-11-03 | LKFN | LAKELAND FINANCIAL CORP | BARTELS ROBERT E JR | Director | BUY | $53.37 | 407 | $21,720 | 27,126 |
| 2023-11-03 19:49 | 2023-11-01 | CIVB | CIVISTA BANCSHARES, INC. | WURM GERALD B | BUY | $14.39 | 826 | $11,888 | 38,579 | |
| 2023-11-03 22:07 | 2023-11-01 | NWPP | NEW PEOPLES BANKSHARES INC | COX JOHN D | Director | BUY | $2.50 | 40,000 | $100,000 | 561,111 |
| 2023-11-03 22:28 | 2023-11-02 | RRBI | RED RIVER BANCSHARES INC | Price Teddy Ray | Director | BUY | $46.01 | 720 | $33,126 | 64,568 |
| 2023-11-02 19:07 | 2023-11-01 | FMNB | FARMERS NATIONAL BANC CORP /OH/ | Thornton Andre | Director | BUY | $11.35 | 430 | $4,881 | 4,652 |
| 2023-11-02 15:11 | 2023-11-01 | ISBA | ISABELLA BANK CORP | Catlin Jon D | Officer | BUY | $19.61 | 25 | $500 | 663 |
| 2023-11-02 23:29 | 2023-11-01 | HBT | HBT Financial, Inc. | BUSCH PATRICK F | Director | BUY | $17.99 | 4,272 | $76,836 | 60,512 |
Sector-Wide Insider Alpha
Analyzing insider movements across the State Commercial Banks sector provides a macro-view of executive conviction. When multiple leaders in different companies within the same SIC code (6022) simultaneously buy shares, it often indicates an industry-wide undervaluation or a positive shift in market cycles.
SEC Filings in State Commercial Banks
Every transaction in the State Commercial Banks industry is reported via Form 4 disclosures. By filtering these filings by industry, investors can detect institutional-scale sentiment shifts before they are reflected in broader market indices, following the capital flow of those with intimate industry knowledge.
UNDERSTANDING THE DATA
FILING DATE: The date and time when the transaction was reported to the SEC. This is when the public first receives the information.
TRADE DATE: The actual day the insider executed the purchase or sale in the market.
INDUSTRY: The specific market sector the company operates in. Useful for identifying broader institutional capital flows across sectors.
OWNED AFTER: The total number of shares held by the insider following the transaction. This highlights the insider's remaining conviction in the company.
CHANGE %: The percentage increase or decrease of the insider's total position. Large percentage changes often carry more weight than the dollar amount alone.
TRADE TYPES DEFINITIONS
BUY: An open market purchase. Typically indicates an insider's belief that the stock is undervalued or poised for growth.
SELL: An open market sale. While often used for diversification or liquidity, large or unexpected sales can be a warning signal.
OPT+S (OPTION EXERCISE & SALE): This occurs when an insider exercises their stock options and sells them immediately. Often part of a structured compensation plan.