Zions Bancorporation (NASDAQ:ZION) insider David E. Blackford sold 9,533 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $44.94, for a total transaction of $428,413.02. Following the sale, the insider now owns 22,997 shares of the company’s stock, valued at approximately $1,033,485.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Zions Bancorporation (ZION) traded down 0.74% during mid-day trading on Friday, hitting $44.11. 1,898,145 shares of the stock were exchanged. The company has a market capitalization of $8.92 billion, a PE ratio of 17.56 and a beta of 1.44. The stock has a 50 day moving average price of $44.52 and a 200 day moving average price of $42.76. Zions Bancorporation has a 1-year low of $28.08 and a 1-year high of $48.33.

Zions Bancorporation (NASDAQ:ZION) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.11. Zions Bancorporation had a return on equity of 8.14% and a net margin of 21.97%. The company had revenue of $660 million during the quarter, compared to analyst estimates of $640.34 million. During the same quarter last year, the firm posted $0.44 EPS. On average, equities analysts anticipate that Zions Bancorporation will post $2.82 earnings per share for the current fiscal year.

Zions Bancorporation announced that its Board of Directors has authorized a stock repurchase program on Wednesday, June 28th that permits the company to repurchase $465.00 million in shares. This repurchase authorization permits the bank to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.48 annualized dividend and a yield of 1.09%. This is a positive change from Zions Bancorporation’s previous quarterly dividend of $0.08. Zions Bancorporation’s dividend payout ratio (DPR) is 12.75%.

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A number of brokerages recently issued reports on ZION. Zacks Investment Research upgraded shares of Zions Bancorporation from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and issued a $49.00 price objective on shares of Zions Bancorporation in a research report on Friday, July 14th. BidaskClub upgraded shares of Zions Bancorporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. BMO Capital Markets restated a “hold” rating and issued a $47.00 price objective on shares of Zions Bancorporation in a research report on Thursday, July 27th. Finally, Barclays PLC restated an “overweight” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Zions Bancorporation in a research report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $44.04.

A number of large investors have recently made changes to their positions in the company. Veritable L.P. increased its position in shares of Zions Bancorporation by 0.9% in the second quarter. Veritable L.P. now owns 5,775 shares of the bank’s stock valued at $254,000 after buying an additional 50 shares in the last quarter. OxFORD Asset Management LLP increased its position in shares of Zions Bancorporation by 0.7% in the second quarter. OxFORD Asset Management LLP now owns 19,697 shares of the bank’s stock valued at $865,000 after buying an additional 129 shares in the last quarter. Virtu KCG Holdings LLC increased its position in shares of Zions Bancorporation by 6.0% in the second quarter. Virtu KCG Holdings LLC now owns 30,835 shares of the bank’s stock valued at $1,354,000 after buying an additional 1,747 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Zions Bancorporation by 46.0% in the second quarter. Parametric Portfolio Associates LLC now owns 769,464 shares of the bank’s stock valued at $33,787,000 after buying an additional 242,561 shares in the last quarter. Finally, Sapience Investments LLC increased its position in shares of Zions Bancorporation by 4.8% in the second quarter. Sapience Investments LLC now owns 289,335 shares of the bank’s stock valued at $12,705,000 after buying an additional 13,320 shares in the last quarter. 94.93% of the stock is owned by institutional investors.

Zions Bancorporation 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.

Insider Buying and Selling by Quarter for Zions Bancorporation (NASDAQ:ZION)

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