Leeanne B. Linderman Sells 5,000 Shares of Zions Bancorp (ZION) Stock

Zions Bancorp (NASDAQ:ZION) insider Leeanne B. Linderman sold 5,000 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $48.10, for a total transaction of $240,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

ZION opened at $46.97 on Friday. Zions Bancorp has a twelve month low of $43.50 and a twelve month high of $59.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $9.42 billion, a P/E ratio of 16.42, a PEG ratio of 1.32 and a beta of 1.40.

Zions Bancorp (NASDAQ:ZION) last posted its quarterly earnings data on Monday, July 23rd. The bank reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.03). Zions Bancorp had a return on equity of 10.86% and a net margin of 25.03%. The firm had revenue of $686.00 million for the quarter, compared to the consensus estimate of $687.26 million. During the same period in the prior year, the company earned $0.73 EPS. As a group, analysts anticipate that Zions Bancorp will post 3.95 EPS for the current fiscal year.

Several equities analysts recently commented on ZION shares. BMO Capital Markets decreased their price target on shares of Zions Bancorp from $55.00 to $53.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 24th. Raymond James upgraded shares of Zions Bancorp from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, July 10th. Zacks Investment Research upgraded shares of Zions Bancorp from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, July 16th. BidaskClub upgraded shares of Zions Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 4th. Finally, Morgan Stanley decreased their price target on shares of Zions Bancorp from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Zions Bancorp presently has an average rating of “Buy” and a consensus price target of $59.58.

A number of institutional investors and hedge funds have recently bought and sold shares of ZION. Piedmont Investment Advisors LLC bought a new stake in Zions Bancorp during the second quarter worth about $122,000. NumerixS Investment Technologies Inc bought a new position in shares of Zions Bancorp in the second quarter worth about $158,000. Huntington National Bank lifted its holdings in shares of Zions Bancorp by 2,443.4% in the third quarter. Huntington National Bank now owns 3,281 shares of the bank’s stock worth $164,000 after acquiring an additional 3,152 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Zions Bancorp by 1,637.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,475 shares of the bank’s stock worth $183,000 after acquiring an additional 3,275 shares during the last quarter. Finally, Crewe Advisors LLC lifted its holdings in shares of Zions Bancorp by 100.0% in the second quarter. Crewe Advisors LLC now owns 4,000 shares of the bank’s stock worth $210,000 after acquiring an additional 2,000 shares during the last quarter. 94.68% of the stock is owned by institutional investors and hedge funds.

About Zions Bancorp

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.

Featured Article: Fiduciary

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

Receive News & Ratings for Zions Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply