Finance

Dissecting the Insider Trading Patterns of Zions Bancorporation (ZION)

Recent insider trends for Zions Bancorporation (NASDAQ:ZION) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of ZION, the data has a lot to say about how the stock might perform going forward.

Institutions own 96.66% of Zions Bancorporation (ZION)’s shares. The total value of these holdings, in millions, is $9,921. Among active positions in the latest quarter, 221 holders increased their positions by a total of 17.88 million shares, 223 holders decreased the positions by a total of 15.3 million shares, and 80 holders held their positions. This works out to a net increase in ownership of 2.59 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 77 holders initiated new positions by a total of 2.61 million shares and 48 holders exited their positions by a total of 5.39 million shares. This nets out to a decrease of 2.78 million shares and is another bearish sign for ZION.

In the last three months, insiders executed a total of 29 trades. 1 of these were buys and 28 were sells. Insider ownership decreased by a total of 105925 shares, which suggests that ZION’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 32 buys and 124 sells, and ownership decreased by a net of 174629 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Zions Bancorporation (NASDAQ:ZION)’s short interest is 20.57 million shares, or 10.57% of the float. This represents a decrease of -2% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for ZION. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ZION is a Strong buy, which implies that ZION is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Zions Bancorporation (NASDAQ:ZION) is undervalued.

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