Zions Bancorp (NASDAQ:ZION) insider Mark Richard Young sold 2,538 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $53.32, for a total transaction of $135,326.16. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of Zions Bancorp stock traded down $0.08 on Friday, hitting $53.09. 177,669 shares of the company’s stock were exchanged, compared to its average volume of 1,668,098. The stock has a market capitalization of $10.40 billion, a PE ratio of 18.54, a P/E/G ratio of 1.47 and a beta of 1.38. Zions Bancorp has a 1 year low of $41.22 and a 1 year high of $59.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.81.

Zions Bancorp (NASDAQ:ZION) last issued its quarterly earnings results on Monday, July 23rd. The bank reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.03). The business had revenue of $686.00 million for the quarter, compared to analysts’ expectations of $687.26 million. Zions Bancorp had a return on equity of 10.86% and a net margin of 25.03%. During the same quarter in the prior year, the business earned $0.73 EPS. research analysts anticipate that Zions Bancorp will post 3.95 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 23rd. Stockholders of record on Thursday, August 16th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, August 15th. This is a boost from Zions Bancorp’s previous quarterly dividend of $0.24. Zions Bancorp’s dividend payout ratio (DPR) is currently 41.96%.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Zions Bancorp from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Monday, July 16th. Raymond James raised shares of Zions Bancorp from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, July 10th. Wedbush began coverage on shares of Zions Bancorp in a research report on Monday, May 14th. They issued a “neutral” rating and a $62.00 target price for the company. BidaskClub raised shares of Zions Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $55.00 target price on shares of Zions Bancorp in a research report on Thursday, July 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $58.90.

Institutional investors have recently modified their holdings of the company. Centaurus Financial Inc. purchased a new position in shares of Zions Bancorp during the 1st quarter worth $106,000. NuWave Investment Management LLC boosted its stake in shares of Zions Bancorp by 306.4% during the 1st quarter. NuWave Investment Management LLC now owns 2,089 shares of the bank’s stock worth $109,000 after acquiring an additional 1,575 shares during the last quarter. Three Peaks Capital Management LLC purchased a new position in shares of Zions Bancorp during the 1st quarter worth $112,000. Piedmont Investment Advisors LLC purchased a new position in shares of Zions Bancorp during the 2nd quarter worth $122,000. Finally, Whittier Trust Co. boosted its stake in shares of Zions Bancorp by 493.1% during the 1st quarter. Whittier Trust Co. now owns 2,420 shares of the bank’s stock worth $128,000 after acquiring an additional 2,012 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

Zions Bancorp Company Profile

Zions Bancorporation, a financial holding company, provides a range of banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as 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; and residential mortgage servicing and lending.

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

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