Insider Buying Amid Bank Sector Turmoil Raises Questions.

Executives and directors at various-sized banks, including Zions Bancorp, US Bancorp, Lakeland Financial, and Unity Bancorp, have been buying up stock on the open market in late April and early May. These stocks have slid more than 20% so far in 2023, but most are ahead of the 39% drop in the SPDR S&P Regional Banking exchange-traded fund. Insiders are motivated by depressed prices and believe that the banking sector will prosper again when the events causing pressure on regional-bank stocks have receded.