Zions Bancorp (NASDAQ:ZION) insider David E. Blackford sold 1,242 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $40.73, for a total transaction of $50,586.66. Following the completion of the sale, the insider now owns 28,696 shares of the company’s stock, valued at approximately $1,168,788.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Zions Bancorp (NASDAQ:ZION) traded down 1.55% on Wednesday, reaching $40.70. 2,568,271 shares of the company’s stock were exchanged. The stock has a market capitalization of $8.25 billion, a P/E ratio of 18.33 and a beta of 1.47. The firm’s 50 day moving average is $40.60 and its 200 day moving average is $41.81. Zions Bancorp has a 1-year low of $23.02 and a 1-year high of $48.33.

Zions Bancorp (NASDAQ:ZION) last issued its quarterly earnings results on Monday, April 24th. The bank reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.07. The firm had revenue of $621 million for the quarter, compared to analysts’ expectations of $619.90 million. Zions Bancorp had a return on equity of 6.80% and a net margin of 18.99%. During the same quarter last year, the business posted $0.38 EPS. Analysts expect that Zions Bancorp will post $2.58 EPS for the current year.

Insider Buying and Selling by Quarter for Zions Bancorp (NASDAQ:ZION)

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, May 18th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.79%. Zions Bancorp’s dividend payout ratio is currently 16.08%.

COPYRIGHT VIOLATION WARNING: This news story was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/05/24/insider-selling-zions-bancorp-zion-insider-sells-1242-shares-of-stock.html.

ZION has been the subject of several research reports. Keefe, Bruyette & Woods set a $44.00 price target on shares of Zions Bancorp and gave the company a “hold” rating in a research report on Monday, April 17th. Jefferies Group LLC reissued a “buy” rating and issued a $49.00 price objective on shares of Zions Bancorp in a research note on Wednesday, April 5th. BMO Capital Markets reissued a “hold” rating and issued a $46.00 price objective on shares of Zions Bancorp in a research note on Wednesday, March 22nd. Goldman Sachs Group Inc boosted their price objective on shares of Zions Bancorp to $50.00 and gave the company a “buy” rating in a research note on Tuesday, January 24th. Finally, Compass Point raised shares of Zions Bancorp from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $42.71.

A number of institutional investors have recently modified their holdings of ZION. Global X Management Co. LLC boosted its position in shares of Zions Bancorp by 340.4% in the first quarter. Global X Management Co. LLC now owns 3,021 shares of the bank’s stock worth $127,000 after buying an additional 2,335 shares in the last quarter. Northwest Quadrant Wealth Management LLC bought a new position in shares of Zions Bancorp during the fourth quarter worth $137,000. Segantii Capital Management Ltd bought a new position in shares of Zions Bancorp during the first quarter worth $151,000. Cypress Capital Management LLC WY bought a new position in shares of Zions Bancorp during the first quarter worth $169,000. Finally, SRB Corp bought a new position in shares of Zions Bancorp during the third quarter worth $173,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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.

12 Month Chart for NASDAQ:ZION

Receive News & Ratings for Zions Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.