Zions Bancorp (NASDAQ:ZION) insider Bruce K. Alexander sold 4,754 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $54.81, for a total transaction of $260,566.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Zions Bancorp (ZION) opened at $54.72 on Friday. The firm has a market cap of $11,034.14, a price-to-earnings ratio of 19.53, a P/E/G ratio of 1.65 and a beta of 1.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorp has a one year low of $38.43 and a one year high of $56.57.
Zions Bancorp (NASDAQ:ZION) last announced its earnings results on Monday, January 22nd. The bank reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. The firm had revenue of $665.00 million during the quarter, compared to analyst estimates of $670.55 million. Zions Bancorp had a net margin of 21.58% and a return on equity of 9.04%. During the same period in the prior year, the business earned $0.60 EPS. analysts predict that Zions Bancorp will post 3.66 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Crewe Advisors LLC acquired a new position in Zions Bancorp in the 4th quarter worth $102,000. Delpha Capital Management LLC acquired a new position in Zions Bancorp in the 4th quarter worth $107,000. G&S Capital LLC acquired a new position in Zions Bancorp in the 4th quarter worth $115,000. Tower Research Capital LLC TRC boosted its stake in Zions Bancorp by 1,274.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,763 shares of the bank’s stock worth $140,000 after purchasing an additional 2,562 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Zions Bancorp by 2,081.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,010 shares of the bank’s stock worth $152,000 after buying an additional 2,872 shares during the last quarter. 94.01% of the stock is owned by hedge funds and other institutional investors.
Several analysts have commented on ZION shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $60.00 target price on shares of Zions Bancorp in a research report on Friday, December 22nd. BidaskClub cut shares of Zions Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Morgan Stanley upped their price objective on shares of Zions Bancorp from $57.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Barclays upped their price objective on shares of Zions Bancorp from $52.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Zions Bancorp in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.22.
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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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