Zions Bancorp (NASDAQ:ZION) announced its earnings results on Monday. The bank reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.07, Briefing.com reports. Zions Bancorp had a net margin of 22.70% and a return on equity of 8.54%. During the same quarter in the previous year, the company earned $0.60 earnings per share.
Shares of Zions Bancorp (NASDAQ ZION) traded up $0.43 during midday trading on Monday, hitting $54.16. 2,546,872 shares of the stock were exchanged, compared to its average volume of 1,927,100. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $10,820.00, a PE ratio of 20.28, a PEG ratio of 1.63 and a beta of 1.48. Zions Bancorp has a 1 year low of $38.43 and a 1 year high of $54.22.
In other news, General Counsel Thomas E. Laursen sold 1,600 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $46.55, for a total value of $74,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Keith D. Maio sold 13,019 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $46.44, for a total transaction of $604,602.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,979 shares of company stock valued at $2,057,927. Corporate insiders own 1.46% of the company’s stock.
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About Zions Bancorp
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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