Insider Selling: Zions Bancorp (ZION) Insider Sells 4,115 Shares of Stock

Zions Bancorp (NASDAQ:ZION) insider David E. Blackford sold 4,115 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $51.47, for a total transaction of $211,799.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Zions Bancorp (ZION) traded up $0.42 during midday trading on Tuesday, reaching $52.06. 2,571,300 shares of the company’s stock were exchanged, compared to its average volume of 2,482,669. Zions Bancorp has a 52 week low of $38.43 and a 52 week high of $55.61. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.05. The firm has a market cap of $10,200.55, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45.

Zions Bancorp (NASDAQ:ZION) last issued its quarterly earnings results on Monday, January 22nd. The bank reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.07. Zions Bancorp had a net margin of 21.58% and a return on equity of 9.04%. The company had revenue of $665.00 million during the quarter, compared to the consensus estimate of $670.55 million. During the same period in the prior year, the company earned $0.60 EPS. sell-side analysts anticipate that Zions Bancorp will post 3.65 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.54%. This is an increase from Zions Bancorp’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, February 14th. Zions Bancorp’s dividend payout ratio is presently 24.62%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Crewe Advisors LLC acquired a new stake in Zions Bancorp in the 4th quarter valued at about $102,000. Tower Research Capital LLC TRC lifted its holdings in Zions Bancorp by 1,274.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,763 shares of the bank’s stock valued at $140,000 after acquiring an additional 2,562 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Zions Bancorp by 2,081.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,010 shares of the bank’s stock valued at $152,000 after acquiring an additional 2,872 shares during the last quarter. Blue Sky Asset Management LLC acquired a new stake in Zions Bancorp in the 4th quarter valued at about $157,000. Finally, Virtu Financial LLC acquired a new stake in Zions Bancorp in the 4th quarter valued at about $200,000. 93.46% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on ZION. Zacks Investment Research downgraded shares of Zions Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub raised shares of Zions Bancorp from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Barclays set a $52.00 price target on shares of Zions Bancorp and gave the company an “overweight” rating in a report on Tuesday, October 24th. B. Riley reissued a “buy” rating and set a $60.00 price target on shares of Zions Bancorp in a report on Tuesday, January 23rd. Finally, Sanford C. Bernstein set a $58.00 price target on shares of Zions Bancorp and gave the company a “hold” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $54.78.

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About Zions Bancorp

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 Bancorp (NASDAQ:ZION)

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