Zions Bancorp (NASDAQ:ZION) insider Bruce K. Alexander sold 4,754 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $54.81, for a total value of $260,566.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Zions Bancorp (ZION) opened at $54.72 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $11,034.14, a PE ratio of 19.53, a PEG ratio of 1.65 and a beta of 1.45. Zions Bancorp has a 12 month low of $38.43 and a 12 month high of $56.57.
Zions Bancorp (NASDAQ:ZION) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Zions Bancorp had a return on equity of 9.04% and a net margin of 21.58%. The business had revenue of $665.00 million for the quarter, compared to analyst estimates of $670.55 million. During the same period in the previous year, the company posted $0.60 earnings per share. research analysts predict that Zions Bancorp will post 3.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.46%. This is a positive change from Zions Bancorp’s previous quarterly dividend of $0.16. The ex-dividend date was Wednesday, February 14th. Zions Bancorp’s payout ratio is currently 30.77%.
Several equities analysts have weighed in on ZION shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $60.00 target price on shares of Zions Bancorp in a report on Friday, December 22nd. Morgan Stanley raised their target price on Zions Bancorp from $57.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Piper Jaffray Companies restated a “hold” rating and set a $49.00 target price on shares of Zions Bancorp in a report on Tuesday, January 9th. BidaskClub lowered Zions Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Finally, Zacks Investment Research upgraded Zions Bancorp from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Zions Bancorp presently has a consensus rating of “Buy” and an average price target of $55.22.
Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in Zions Bancorp by 4.0% during the third quarter. Wells Fargo & Company MN now owns 2,255,672 shares of the bank’s stock valued at $106,423,000 after acquiring an additional 87,108 shares during the period. HWG Holdings LP bought a new position in Zions Bancorp during the fourth quarter valued at about $1,656,000. Korea Investment CORP increased its stake in Zions Bancorp by 13.6% during the third quarter. Korea Investment CORP now owns 147,400 shares of the bank’s stock valued at $6,954,000 after acquiring an additional 17,600 shares during the period. TCW Group Inc. increased its stake in Zions Bancorp by 1.0% during the third quarter. TCW Group Inc. now owns 2,953,568 shares of the bank’s stock valued at $139,349,000 after acquiring an additional 28,685 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Zions Bancorp by 4.2% during the third quarter. Legal & General Group Plc now owns 1,002,859 shares of the bank’s stock valued at $47,317,000 after purchasing an additional 40,278 shares in the last quarter. Hedge funds and other institutional investors own 94.01% of the company’s stock.
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Zions Bancorp Company Profile
Zions Bancorporation is a financial holding company. The Company conducts its banking operations through separately managed and branded segments, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank (NSB), Vectra Bank Colorado, The Commerce Bank of Washington (TCBW) and Other.
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