Zions Bancorporation (NASDAQ:ZION) General Counsel Thomas E. Laursen sold 1,000 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $46.38, for a total transaction of $46,380.00. Following the completion of the transaction, the general counsel now directly owns 23,484 shares of the company’s stock, valued at $1,089,187.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Zions Bancorporation (ZION) traded down 0.78% during trading on Monday, reaching $45.76. 1,998,447 shares of the company’s stock were exchanged. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 18.22 and a beta of 1.44. Zions Bancorporation has a 52 week low of $26.75 and a 52 week high of $48.33. The company’s 50 day moving average price is $43.97 and its 200-day moving average price is $42.59.

Zions Bancorporation (NASDAQ:ZION) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.11. Zions Bancorporation had a net margin of 21.97% and a return on equity of 8.14%. The firm had revenue of $660 million for the quarter, compared to the consensus estimate of $640.34 million. During the same period in the previous year, the firm posted $0.44 earnings per share. On average, equities analysts expect that Zions Bancorporation will post $2.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 17th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, August 15th. This is an increase from Zions Bancorporation’s previous quarterly dividend of $0.08. This represents a $0.48 dividend on an annualized basis and a yield of 1.05%. Zions Bancorporation’s payout ratio is presently 12.75%.

Zions Bancorporation announced that its board has approved a stock buyback program on Wednesday, June 28th that allows the company to repurchase $465.00 million in shares. This repurchase authorization allows the bank to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

WARNING: “Insider Selling: Zions Bancorporation (NASDAQ:ZION) General Counsel Sells 1,000 Shares of Stock” was reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/08/07/insider-selling-zions-bancorporation-nasdaqzion-general-counsel-sells-1000-shares-of-stock.html.

A number of research analysts have issued reports on ZION shares. Deutsche Bank AG raised shares of Zions Bancorporation from a “hold” rating to a “buy” rating and increased their target price for the company from $45.00 to $46.00 in a report on Thursday, May 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $49.00 price target on shares of Zions Bancorporation in a research report on Thursday, June 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $46.00 price target (up from $45.00) on shares of Zions Bancorporation in a research report on Friday, July 7th. Zacks Investment Research upgraded shares of Zions Bancorporation from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Zions Bancorporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $48.00 to $44.00 in a research report on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $43.52.

Hedge funds have recently bought and sold shares of the company. Shell Asset Management Co. increased its stake in Zions Bancorporation by 16.5% in the first quarter. Shell Asset Management Co. now owns 42,592 shares of the bank’s stock valued at $1,789,000 after buying an additional 6,033 shares in the last quarter. Acadian Asset Management LLC increased its stake in Zions Bancorporation by 10,038.3% in the first quarter. Acadian Asset Management LLC now owns 74,415 shares of the bank’s stock valued at $3,126,000 after buying an additional 73,681 shares in the last quarter. V Wealth Management LLC increased its stake in Zions Bancorporation by 3.3% in the first quarter. V Wealth Management LLC now owns 46,645 shares of the bank’s stock valued at $1,966,000 after buying an additional 1,507 shares in the last quarter. Douglas Lane & Associates LLC increased its stake in Zions Bancorporation by 0.3% in the first quarter. Douglas Lane & Associates LLC now owns 221,009 shares of the bank’s stock valued at $9,282,000 after buying an additional 730 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in Zions Bancorporation by 1.3% in the first quarter. Retirement Systems of Alabama now owns 97,848 shares of the bank’s stock valued at $4,110,000 after buying an additional 1,292 shares in the last quarter. 94.93% of the stock is owned by institutional investors.

Zions Bancorporation 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.

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

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