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Pick Up This Deal Even Lower Than Senior Vice President Abbott DidBy Dividend Channel Staff, Monday, November 28, 1:20 PM ETThere's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 17, Zions Bancorporation, N.A.'s Senior Vice President, James R. Abbott, invested $126,173.50 into 2,500 shares of ZION, for a cost per share of $50.47. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of Zions Bancorporation, N.A. (NASDAQ:ZION) and achieve a cost basis even cheaper than Abbott, with shares changing hands as low as $50.31 per share. Zions Bancorporation, N.A. shares are currently trading off about 2.8% on the day. The chart below shows the one year performance of ZION shares, versus its 200 day moving average:
Looking at the chart above, ZION's low point in its 52 week range is $46.58 per share, with $75.44 as the 52 week high point — that compares with a last trade of $50.31. By comparison, below is a table showing the prices at which ZION insider buying was recorded over the last six months:
The current annualized dividend paid by Zions Bancorporation, N.A. is $1.64/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/09/2022. Below is a long-term dividend history chart for ZION, which can be of good help in judging whether the most recent dividend with approx. 3.2% annualized yield is likely to continue.
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