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.
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.
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