Zions Bancorporation (NASDAQ:ZION) insider Michael Morris sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $55.18, for a total transaction of $551,800.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

ZION stock opened at $55.60 on Friday. The firm has a market cap of $10,851.55, a P/E ratio of 16.49, a PEG ratio of 1.52 and a beta of 1.38. The company has a current ratio of 0.81, a quick ratio of 0.88 and a debt-to-equity ratio of 0.05. Zions Bancorporation has a one year low of $38.43 and a one year high of $57.29.

Zions Bancorporation (NASDAQ:ZION) last released its quarterly earnings results on Monday, April 23rd. The bank reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.27. The company had revenue of $680.00 million for the quarter, compared to analyst estimates of $666.12 million. Zions Bancorporation had a net margin of 24.49% and a return on equity of 10.41%. During the same quarter last year, the business earned $0.61 earnings per share. research analysts predict that Zions Bancorporation will post 3.9 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 24th. Investors of record on Thursday, May 17th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.73%. This is a positive change from Zions Bancorporation’s previous quarterly dividend of $0.20. Zions Bancorporation’s dividend payout ratio (DPR) is currently 27.97%.

A number of hedge funds have recently added to or reduced their stakes in ZION. Xact Kapitalforvaltning AB grew its position in shares of Zions Bancorporation by 9.4% in the fourth quarter. Xact Kapitalforvaltning AB now owns 18,747 shares of the bank’s stock valued at $953,000 after purchasing an additional 1,614 shares during the period. Delek Group Ltd. acquired a new stake in shares of Zions Bancorporation in the fourth quarter valued at about $5,583,000. Sawtooth Solutions LLC acquired a new stake in shares of Zions Bancorporation in the fourth quarter valued at about $302,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Zions Bancorporation by 102.5% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the bank’s stock valued at $412,000 after purchasing an additional 4,100 shares during the period. Finally, Divergent Wealth Advisors LLC acquired a new stake in shares of Zions Bancorporation in the fourth quarter valued at about $204,000. Institutional investors own 95.18% of the company’s stock.

ZION has been the subject of several recent research reports. Barclays raised their target price on shares of Zions Bancorporation from $52.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. BidaskClub cut shares of Zions Bancorporation from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Piper Jaffray reissued a “hold” rating and set a $49.00 target price on shares of Zions Bancorporation in a report on Tuesday, January 9th. DA Davidson reissued a “buy” rating and set a $62.00 target price on shares of Zions Bancorporation in a report on Tuesday, January 23rd. Finally, Wells Fargo reissued an “outperform” rating and set a $65.00 target price (up previously from $60.00) on shares of Zions Bancorporation in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $56.86.

About Zions Bancorporation

Zions Bancorporation, a financial holding company, provides a range of 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; and residential mortgage servicing and lending.

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

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