This Insider Has Just Sold Shares In Zions Bancorporation, National Association (NASDAQ:ZION)

We'd be surprised if Zions Bancorporation, National Association (NASDAQ:ZION) shareholders haven't noticed that the Executive Vice President, David Blackford, recently sold US$187k worth of stock at US$47.04 per share. That sale was 20% of their holding, so it does make us raise an eyebrow.

Check out our latest analysis for Zions Bancorporation National Association

Zions Bancorporation National Association Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Chairman & CEO Harris Simmons bought US$1.1m worth of shares at a price of US$26.43 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$46.05. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Over the last year we saw more insider selling of Zions Bancorporation National Association shares, than buying. 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!

I will like Zions Bancorporation National Association better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Does Zions Bancorporation National Association Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Zions Bancorporation National Association insiders own 1.4% of the company, worth about US$104m. 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 Do The Zions Bancorporation National Association Insider Transactions Indicate?

Insiders sold Zions Bancorporation National Association shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Zions Bancorporation National Association. You'd be interested to know, that we found 2 warning signs for Zions Bancorporation National Association and we suggest you have a look.

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, but not derivative transactions.

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