Zions Bancorporation National Association President Acquires 55% More Stock \

Zions Bancorporation, National Association (NASDAQ:ZION) shareholders (or potential shareholders) will be happy to see that the President, Scott McLean, recently bought a whopping US$1.0m worth of stock, at a price of US$27.44. That purchase boosted their holding by 55%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

See our latest analysis for Zions Bancorporation National Association

The Last 12 Months Of Insider Transactions At Zions Bancorporation National Association

In fact, the recent purchase by Scott McLean was the biggest purchase of Zions Bancorporation National Association shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of US$19.93. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

In the last twelve months insiders purchased 82.50k shares for US$2.3m. But they sold 23.11k shares for US$1.3m. In the last twelve months there was more buying than selling by Zions Bancorporation National Association insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Zions Bancorporation National Association Boast High Insider Ownership?

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. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.5% of Zions Bancorporation National Association shares, worth about US$44m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Zions Bancorporation National Association Tell Us?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Zions Bancorporation National Association insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 1 warning sign for Zions Bancorporation National Association you should know about.

Of course Zions Bancorporation National Association may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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, but not derivative transactions.

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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.

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