Yahoo Finance Zions Bancorporation National Association Insiders Placed Bullish Bets Worth US$3.03m
Quite a few insiders have dramatically grown their holdings in Zions Bancorporation, National Association (NASDAQ:ZION) over the past 12 months. An insider's optimism about the company's prospects is a positive sign.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Zions Bancorporation National Association
The Last 12 Months Of Insider Transactions At Zions Bancorporation National Association
Over the last year, we can see that the biggest insider purchase was by President Scott McLean for US$1.0m worth of shares, at about US$27.44 per share. Even though the purchase was made at a significantly lower price than the recent price (US$40.65), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months insiders purchased 118.60k shares for US$3.0m. On the other hand they divested 19.43k shares, for US$799k. In total, Zions Bancorporation National Association insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Zions Bancorporation National Association is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Zions Bancorporation National Association Insiders Are Selling The Stock
Over the last three months, we've seen notably more insider selling, than insider buying, at Zions Bancorporation National Association. In that time, insiders dumped US$745k worth of shares. On the flip side, Chairman & CEO Harris Simmons spent US$295k on purchasing shares. Generally this level of net selling might be considered a bit bearish.
Insider Ownership Of Zions Bancorporation National Association
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Zions Bancorporation National Association insiders own 2.0% of the company, worth about US$120m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Zions Bancorporation National Association Insiders?
The stark truth for Zions Bancorporation National Association is that there has been more insider selling than insider buying in the last three months. In contrast, they appear keener if you look at the last twelve months. On top of that, insiders own a significant portion of the company. So we're not too bothered by recent selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Zions Bancorporation National Association. At Simply Wall St, we found 1 warning sign for Zions Bancorporation National Association that deserve your attention before buying any shares.
But note: Zions Bancorporation National Association may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.