Zions Bancorp (NASDAQ:ZION) insider Dianne R. James sold 4,259 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $38.24, for a total value of $162,864.16. Following the transaction, the insider now directly owns 22,043 shares in the company, valued at approximately $842,924.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Zions Bancorp (NASDAQ:ZION) traded up 1.09% on Wednesday, hitting $39.08. The stock had a trading volume of 683,565 shares. The company has a 50-day moving average of $33.35 and a 200-day moving average of $29.34. Zions Bancorp has a 52-week low of $19.65 and a 52-week high of $39.13. The company has a market cap of $7.96 billion, a P/E ratio of 21.47 and a beta of 1.37.

Zions Bancorp (NASDAQ:ZION) last issued its earnings results on Monday, October 24th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 period in the previous year, the business earned $0.41 EPS. On average, equities analysts anticipate that Zions Bancorp will post $1.92 EPS for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 16th will be issued a $0.08 dividend. The ex-dividend date is Monday, November 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.83%. Zions Bancorp’s dividend payout ratio (DPR) is 17.58%.

Several large investors have recently modified their holdings of the company. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Zions Bancorp during the first quarter valued at about $8,703,000. Legal & General Group Plc boosted its stake in shares of Zions Bancorp by 0.5% in the first quarter. Legal & General Group Plc now owns 785,452 shares of the company’s stock valued at $19,019,000 after buying an additional 3,866 shares during the last quarter. Babson Capital Management LLC bought a new stake in shares of Zions Bancorp during the first quarter valued at $1,657,000. Seven Eight Capital LLC boosted its stake 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 valued at $155,000 after buying an additional 4,500 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in shares of Zions Bancorp by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 52,967 shares of the company’s stock valued at $1,331,000 after buying an additional 3,175 shares during the last quarter. 91.36% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the company. Macquarie cut Zions Bancorp from an “outperform” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research report on Tuesday. Zacks Investment Research cut Zions Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. Sanford C. Bernstein cut Zions Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the company from $37.00 to $38.00 in a research report on Wednesday, November 16th. They noted that the move was a valuation call. Morgan Stanley cut Zions Bancorp from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $34.00 to $38.00 in a research report on Wednesday, November 16th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada boosted their price objective on Zions Bancorp from $32.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, November 10th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.05.

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About Zions Bancorp

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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