Zions Bancorp (NASDAQ:ZION) President Scott J. Mclean sold 31,309 shares of Zions Bancorp stock in a transaction on Monday, February 26th. The stock was sold at an average price of $56.15, for a total value of $1,758,000.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Zions Bancorp (NASDAQ ZION) opened at $54.97 on Thursday. The firm has a market capitalization of $10,980.00, a price-to-earnings ratio of 20.98, a P/E/G ratio of 1.66 and a beta of 1.45. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05. Zions Bancorp has a 52-week low of $38.43 and a 52-week high of $57.07.
Zions Bancorp (NASDAQ:ZION) last released its earnings results on Monday, January 22nd. The bank reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.07. The company had revenue of $665.00 million for the quarter, compared to the consensus estimate of $670.55 million. Zions Bancorp had a return on equity of 9.04% and a net margin of 21.58%. During the same period in the previous year, the business earned $0.60 earnings per share. equities analysts anticipate that Zions Bancorp will post 3.66 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Zions Bancorp by 0.9% in the fourth quarter. BlackRock Inc. now owns 13,421,671 shares of the bank’s stock valued at $682,222,000 after acquiring an additional 115,554 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Zions Bancorp by 2.2% in the fourth quarter. American Century Companies Inc. now owns 6,301,387 shares of the bank’s stock valued at $320,300,000 after acquiring an additional 136,198 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Zions Bancorp by 2.0% in the fourth quarter. Thrivent Financial For Lutherans now owns 4,419,086 shares of the bank’s stock valued at $224,623,000 after acquiring an additional 87,684 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Zions Bancorp by 1.8% in the fourth quarter. TIAA CREF Investment Management LLC now owns 3,412,016 shares of the bank’s stock valued at $173,433,000 after acquiring an additional 59,927 shares in the last quarter. Finally, Cortland Advisers LLC lifted its position in shares of Zions Bancorp by 49.6% in the third quarter. Cortland Advisers LLC now owns 3,179,433 shares of the bank’s stock valued at $150,006,000 after acquiring an additional 1,053,900 shares in the last quarter. Institutional investors own 94.01% of the company’s stock.
Several analysts recently commented on ZION shares. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Zions Bancorp in a report on Tuesday, January 23rd. Zacks Investment Research raised Zions Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Wednesday, December 27th. Keefe, Bruyette & Woods raised Zions Bancorp from a “market perform” rating to an “outperform” rating in a report on Tuesday, December 12th. Barclays lifted their price objective on Zions Bancorp from $52.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, BidaskClub lowered Zions Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Zions Bancorp has a consensus rating of “Buy” and a consensus target price of $55.44.
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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