Zions Bancorp (ZION) Insider Sells $666,302.00 in Stock
Zions Bancorp (NASDAQ:ZION) insider Michael Morris sold 18,200 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $36.61, for a total transaction of $666,302.00. Following the completion of the sale, the insider now owns 22,883 shares in the company, valued at approximately $837,746.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Michael Morris also recently made the following trade(s):
- On Tuesday, November 8th, Michael Morris sold 18,000 shares of Zions Bancorp stock. The shares were sold at an average price of $32.40, for a total transaction of $583,200.00.
Zions Bancorp (NASDAQ:ZION) opened at 37.46 on Thursday. Zions Bancorp has a 52-week low of $19.65 and a 52-week high of $38.88. The firm has a market cap of $7.63 billion, a P/E ratio of 20.58 and a beta of 1.37. The firm’s 50-day moving average price is $32.52 and its 200-day moving average price is $28.98.
Zions Bancorp (NASDAQ:ZION) last announced its quarterly earnings results on Monday, October 24th. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.07. Zions Bancorp had a return on equity of 6.16% and a net margin of 17.81%. During the same quarter last year, the business earned $0.41 EPS. Equities research analysts expect that Zions Bancorp will post $1.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.85%. Zions Bancorp’s dividend payout ratio (DPR) is 17.58%.
Institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in shares of Zions Bancorp by 2.0% in the first quarter. Canada Pension Plan Investment Board now owns 5,000 shares of the company’s stock worth $121,000 after buying an additional 100 shares during the period. Toronto Dominion Bank bought a new position in shares of Zions Bancorp during the third quarter worth about $131,000. Jacobus Wealth Management Inc. increased its position in shares of Zions Bancorp by 12.2% in the third quarter. Jacobus Wealth Management Inc. now owns 4,600 shares of the company’s stock worth $143,000 after buying an additional 500 shares during the period. Seven Eight Capital LLC increased its position in shares of Zions Bancorp by 235.4% in the first quarter. Seven Eight Capital LLC now owns 6,412 shares of the company’s stock worth $155,000 after buying an additional 4,500 shares during the period. Finally, SRB Corp bought a new position in shares of Zions Bancorp during the third quarter worth about $173,000. Institutional investors own 90.69% of the company’s stock.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Zions Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Thursday, August 4th. Raymond James Financial Inc. cut Zions Bancorp from a “strong-buy” rating to a “market perform” rating in a report on Thursday, October 6th. Barclays PLC set a $31.00 price target on Zions Bancorp and gave the company a “buy” rating in a report on Wednesday, July 27th. Vetr raised Zions Bancorp from a “sell” rating to a “hold” rating and set a $26.45 price target for the company in a report on Tuesday, August 2nd. Finally, FBR & Co lifted their price target on Zions Bancorp from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Tuesday, October 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. Zions Bancorp presently has a consensus rating of “Hold” and an average price target of $34.53.
Zions Bancorp Company Profile
Zions Bancorporation is a financial holding company. The Company operates through seven segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado and The Commerce Bank of Washington. It focuses on providing community banking services and its core business lines are small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities.
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