Zions Bancorp NA Chairman & CEO Harris Simmons Acquires 4,000 Shares

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Zions Bancorp NA (NASDAQ:ZION), a financial services company offering a range of banking and related services primarily in Utah, Idaho, California, and other U.S. states, has reported an insider purchase that signals confidence in the company's stock. According to a recent SEC filing, Chairman & CEO Harris Simmons acquired 4,000 shares of Zions Bancorp NA on February 27, 2024. Harris Simmons’s recent transaction adds to a series of insider trades over the past year, where the insider has purchased a total of 27,600 shares and has not sold any shares. The insider transaction history for Zions Bancorp NA shows a mix of insider buying and selling activities. Over the past year, there have been 7 insider buys and 13 insider sells. On the day of the transaction, shares of Zions Bancorp NA were trading at $38.54, resulting in a market cap of $5,641.754 billion. The company's price-earnings ratio stands at 8.75, which is below both the industry median of 9.29 and the company's historical median price-earnings ratio. The stock's valuation relative to the GuruFocus Value (GF Value) suggests that Zions Bancorp NA is currently undervalued. With a share price of $38.54 and a GF Value of $60.48, the price-to-GF-Value ratio is 0.64, indicating that the stock is significantly undervalued. The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts. 1763057480579051520.png The insider's recent purchase could be interpreted as a sign of optimism about the company's future prospects. Investors often look at insider transactions as an indicator of the company's health and future performance. 1763057503333150720.png It is important for investors to consider insider transactions as part of a broader investment strategy and to conduct their own due diligence before making investment decisions.

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