Insider Selling: Zions Bancorp (ZION) Insider Sells 5,878 Shares of Stock
Zions Bancorp (NASDAQ:ZION) insider Leeanne B. Linderman sold 5,878 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $50.26, for a total value of $295,428.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Zions Bancorp stock traded down $0.50 during mid-day trading on Tuesday, hitting $48.94. The company’s stock had a trading volume of 3,206,068 shares, compared to its average volume of 2,307,099. The company has a market capitalization of $9.64 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.45 and a beta of 1.36. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.13. Zions Bancorp has a one year low of $45.10 and a one year high of $59.19.
Zions Bancorp (NASDAQ:ZION) last announced its quarterly earnings data on Monday, October 22nd. The bank reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.08. The company had revenue of $701.00 million for the quarter, compared to the consensus estimate of $699.87 million. Zions Bancorp had a return on equity of 11.84% and a net margin of 26.57%. During the same quarter in the prior year, the company posted $0.72 EPS. As a group, research analysts anticipate that Zions Bancorp will post 4.08 earnings per share for the current year.
Several analysts recently weighed in on the company. BidaskClub upgraded Zions Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded Zions Bancorp from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Wednesday, October 24th. ValuEngine lowered Zions Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Royal Bank of Canada restated a “buy” rating and set a $61.00 price target on shares of Zions Bancorp in a report on Tuesday, July 24th. Finally, Piper Jaffray Companies upgraded Zions Bancorp from a “neutral” rating to an “overweight” rating and increased their price target for the company from $54.00 to $57.00 in a report on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $58.57.
A number of institutional investors have recently made changes to their positions in ZION. Piedmont Investment Advisors LLC bought a new position in Zions Bancorp in the 2nd quarter valued at $122,000. NumerixS Investment Technologies Inc bought a new position in Zions Bancorp in the 2nd quarter valued at $158,000. Huntington National Bank grew its position in Zions Bancorp by 2,443.4% in the 3rd quarter. Huntington National Bank now owns 3,281 shares of the bank’s stock valued at $164,000 after acquiring an additional 3,152 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Zions Bancorp by 1,637.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,475 shares of the bank’s stock valued at $183,000 after acquiring an additional 3,275 shares during the last quarter. Finally, First Personal Financial Services bought a new position in Zions Bancorp in the 3rd quarter valued at $191,000. 93.61% of the stock is currently owned by institutional investors.
Zions Bancorp Company Profile
Zions Bancorporation, National Association provides various 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; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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