Several executives from regional banks are buying shares

 

Several executives from regional banks are buying sharesin their own companies, reflecting confidence in their financial prospects. Insider buying is generally seen as a positive signal for investors as managers and insiders with more information see the current stock price as undervaluing the business. Zions Bancorp executives purchased over $2M worth of shares, with President and COO Scott McLean leading with a $1M purchase. Impinj Chairman Steve Sanghi bought nearly $2M of stock. Lakeland Financial saw two directors purchase just over $1M worth of the regional bank's stock. U.S. Bancorp Director Scott Wine made his first insider transaction by purchasing $1M in stock. Wolfspeed's CEO and another director jointly purchased $753,000 of Wolfspeed shares.