A Scott Anderson Sells 10,000 Shares of Zions Bancorporation NA (ZION) Stock
Zions Bancorporation NA (NASDAQ:ZION) insider A Scott Anderson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $47.22, for a total value of $472,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NASDAQ ZION opened at $46.44 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.16 and a beta of 1.49. Zions Bancorporation NA has a twelve month low of $38.08 and a twelve month high of $59.19.
Zions Bancorporation NA (NASDAQ:ZION) last announced its quarterly earnings results on Monday, April 22nd. The bank reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.01). Zions Bancorporation NA had a net margin of 27.58% and a return on equity of 12.24%. The company had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $715.64 million. During the same quarter in the prior year, the business posted $1.09 earnings per share. Research analysts expect that Zions Bancorporation NA will post 4.48 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in ZION. Smith Asset Management Group LP purchased a new position in shares of Zions Bancorporation NA in the 4th quarter valued at $27,000. First Interstate Bank purchased a new position in shares of Zions Bancorporation NA in the 1st quarter valued at $27,000. Buffington Mohr McNeal purchased a new position in shares of Zions Bancorporation NA in the 1st quarter valued at $30,000. CSat Investment Advisory L.P. increased its holdings in shares of Zions Bancorporation NA by 97.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 754 shares of the bank’s stock valued at $31,000 after acquiring an additional 373 shares during the period. Finally, Doyle Wealth Management purchased a new position in shares of Zions Bancorporation NA in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 98.34% of the company’s stock.
Several research firms have recently issued reports on ZION. BidaskClub raised Zions Bancorporation NA from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 4th. ValuEngine lowered Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th. Vining Sparks reaffirmed a “buy” rating and set a $63.00 target price on shares of Zions Bancorporation NA in a research report on Thursday, January 24th. Wedbush lifted their target price on Zions Bancorporation NA from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, January 23rd. Finally, JPMorgan Chase & Co. lowered Zions Bancorporation NA from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $53.00 to $50.00 in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $54.87.
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Zions Bancorporation NA 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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