Zions Bancorporation NA (NASDAQ:ZION) insider Edward Schreiber sold 364 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $47.79, for a total transaction of $17,395.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
NASDAQ ZION opened at $46.44 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.17. The stock has a market cap of $8.84 billion, a PE ratio of 11.38, a P/E/G ratio of 1.21 and a beta of 1.49. Zions Bancorporation NA has a 52-week low of $38.08 and a 52-week high of $59.19.
Zions Bancorporation NA (NASDAQ:ZION) last posted its earnings results on Monday, April 22nd. The bank reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The company had revenue of $708.00 million for the quarter, compared to analyst estimates of $715.64 million. Zions Bancorporation NA had a return on equity of 12.24% and a net margin of 27.58%. During the same quarter in the prior year, the business posted $1.09 EPS. As a group, equities research analysts expect that Zions Bancorporation NA will post 4.48 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of ZION. Smith Asset Management Group LP acquired a new stake in Zions Bancorporation NA in the 4th quarter worth about $27,000. First Interstate Bank acquired a new stake in Zions Bancorporation NA in the 1st quarter worth about $27,000. Buffington Mohr McNeal acquired a new stake in Zions Bancorporation NA in the 1st quarter worth about $30,000. CSat Investment Advisory L.P. raised its stake in Zions Bancorporation NA by 97.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 754 shares of the bank’s stock worth $31,000 after purchasing an additional 373 shares in the last quarter. Finally, Doyle Wealth Management acquired a new stake in Zions Bancorporation NA in the 4th quarter worth about $33,000. Institutional investors own 96.61% of the company’s stock.
Several brokerages have recently issued reports on ZION. BidaskClub raised shares of Zions Bancorporation NA from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. ValuEngine downgraded shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th. Vining Sparks reissued a “buy” rating and set a $63.00 price objective on shares of Zions Bancorporation NA in a research report on Thursday, January 24th. Wedbush increased their price objective on shares of Zions Bancorporation NA from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 23rd. Finally, JPMorgan Chase & Co. downgraded shares of 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 equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s 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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