Insider Selling: Zions Bancorp (ZION) Insider Sells 4,754 Shares of Stock
Zions Bancorp (NASDAQ:ZION) insider Bruce K. Alexander sold 4,754 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $54.81, for a total value of $260,566.74. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Zions Bancorp (NASDAQ ZION) traded down $0.10 on Wednesday, hitting $54.97. The stock had a trading volume of 2,093,200 shares, compared to its average volume of 2,513,023. Zions Bancorp has a 12-month low of $38.43 and a 12-month high of $56.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $10,878.09, a price-to-earnings ratio of 19.25, a PEG ratio of 1.63 and a beta of 1.45.
Zions Bancorp (NASDAQ:ZION) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. Zions Bancorp had a return on equity of 9.04% and a net margin of 21.58%. The firm had revenue of $665.00 million during the quarter, compared to analyst estimates of $670.55 million. During the same quarter in the prior year, the business posted $0.60 EPS. research analysts forecast that Zions Bancorp will post 3.66 earnings per share for the current fiscal year.
Several brokerages have issued reports on ZION. BMO Capital Markets increased their target price on Zions Bancorp and gave the company a “market perform” rating in a research report on Tuesday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $62.00 target price on shares of Zions Bancorp in a research report on Tuesday, January 23rd. B. Riley reaffirmed a “buy” rating and set a $60.00 target price on shares of Zions Bancorp in a research report on Tuesday, January 23rd. Sanford C. Bernstein set a $58.00 target price on Zions Bancorp and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $65.00 target price (up previously from $60.00) on shares of Zions Bancorp in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $55.22.
Several institutional investors and hedge funds have recently modified their holdings of ZION. Xact Kapitalforvaltning AB raised its stake in Zions Bancorp by 9.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 18,747 shares of the bank’s stock worth $953,000 after acquiring an additional 1,614 shares during the last quarter. Delek Group Ltd. purchased a new position in Zions Bancorp in the 4th quarter worth $5,583,000. Sawtooth Solutions LLC purchased a new position in Zions Bancorp in the 4th quarter worth $302,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Zions Bancorp by 102.5% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the bank’s stock worth $412,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Divergent Wealth Advisors LLC purchased a new position in Zions Bancorp in the 4th quarter worth $204,000. Hedge funds and other institutional investors own 94.01% of the company’s stock.
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Zions Bancorp Company Profile
Zions Bancorporation is a financial holding company. The Company conducts its banking operations through separately managed and branded segments, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank (NSB), Vectra Bank Colorado, The Commerce Bank of Washington (TCBW) and Other.
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