Zions Bancorporation NA (NASDAQ:ZION) insider Jennifer Anne Smith sold 7,746 shares of Zions Bancorporation NA stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $48.28, for a total transaction of $373,976.88. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of ZION stock opened at $49.55 on Thursday. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 1.37 and a beta of 1.51. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.82. 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 announced its quarterly earnings data on Tuesday, January 22nd. The bank reported $1.08 EPS for the quarter, topping the consensus estimate of $1.06 by $0.02. The business had revenue of $716.00 million for the quarter, compared to analyst estimates of $712.48 million. Zions Bancorporation NA had a net margin of 29.14% and a return on equity of 12.57%. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Research analysts predict that Zions Bancorporation NA will post 4.43 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the business. Smith Asset Management Group LP bought a new stake in shares of Zions Bancorporation NA in the fourth quarter valued at approximately $27,000. Doyle Wealth Management bought a new stake in shares of Zions Bancorporation NA in the fourth quarter valued at approximately $33,000. JOYN Advisors Inc. raised its position in shares of Zions Bancorporation NA by 2,100.0% in the fourth quarter. JOYN Advisors Inc. now owns 836 shares of the bank’s stock valued at $34,000 after purchasing an additional 798 shares during the period. Pearl River Capital LLC bought a new stake in shares of Zions Bancorporation NA in the fourth quarter valued at approximately $61,000. Finally, ETF Managers Group LLC raised its position in shares of Zions Bancorporation NA by 18.8% in the fourth quarter. ETF Managers Group LLC now owns 2,537 shares of the bank’s stock valued at $103,000 after purchasing an additional 402 shares during the period. 94.54% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on ZION shares. Robert W. Baird upgraded shares of Zions Bancorporation NA from an “underperform” rating to a “neutral” rating and set a $49.00 price objective for the company in a report on Tuesday, October 23rd. BMO Capital Markets reduced their price objective on shares of Zions Bancorporation NA from $55.00 to $52.00 and set a “market perform” rating for the company in a report on Tuesday, October 23rd. Raymond James reduced their price objective on shares of Zions Bancorporation NA from $62.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, October 23rd. BidaskClub upgraded shares of Zions Bancorporation NA from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 16th. Finally, Argus initiated coverage on shares of Zions Bancorporation NA in a report on Monday, December 17th. They set a “buy” rating and a $51.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $56.79.
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.
Further Reading: Return On Assets
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