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Investors have been dumping shares of regional banks lately amid worries that stress in the sector isn't over. But at least one group has been buying: insiders at the banks.
Corporate executives at companies including PacWest Bancorp, Zions Bancorporation and Central Valley Community Bancorp have been scooping up shares of their own companies as the stocks have fallen.
That's according to an analysis by Timothy Coffey, an analyst at Janney Montgomery Scott, who studied purchases at 18 institutions that are both covered by the firm and located in the western U.S.