Zions Bancorporation (ZION) Insider Dianne R. James Sells 1,585 Shares

Zions Bancorporation (NASDAQ:ZION) insider Dianne R. James sold 1,585 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $45.22, for a total transaction of $71,673.70. Following the completion of the transaction, the insider now owns 21,866 shares in the company, valued at $988,780.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Zions Bancorporation (ZION) traded down 2.81% during mid-day trading on Thursday, hitting $43.85. 1,696,863 shares of the stock traded hands. Zions Bancorporation has a 1-year low of $28.75 and a 1-year high of $48.33. The stock has a 50-day moving average of $44.79 and a 200 day moving average of $42.80. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 17.46 and a beta of 1.44.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, August 15th. This represents a $0.48 annualized dividend and a dividend 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 is currently 19.12%.

Zions Bancorporation declared that its board has approved a stock repurchase program on Wednesday, June 28th that permits the company to buyback $465.00 million in shares. This buyback authorization permits the bank to buy up to 5.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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Several equities analysts have weighed in on the stock. Barclays PLC boosted their target price on shares of Zions Bancorporation from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, April 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $46.00 target price on shares of Zions Bancorporation in a report on Friday, July 14th. BidaskClub lowered shares of Zions Bancorporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Bank of America Corporation upgraded shares of Zions Bancorporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $52.00 in a report on Wednesday. Finally, Morgan Stanley restated an “equal weight” rating and issued a $45.00 price objective (up from $43.00) on shares of Zions Bancorporation in a report on Monday, June 5th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $44.33.

Several institutional investors have recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. raised its position in Zions Bancorporation by 2.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 174,603 shares of the bank’s stock valued at $7,334,000 after buying an additional 4,375 shares in the last quarter. Cypress Capital Management LLC WY purchased a new position in Zions Bancorporation during the first quarter valued at approximately $169,000. Hartford Investment Management Co. raised its position in Zions Bancorporation by 0.9% in the first quarter. Hartford Investment Management Co. now owns 51,444 shares of the bank’s stock valued at $2,161,000 after buying an additional 442 shares in the last quarter. Retirement Systems of Alabama raised its position in Zions Bancorporation by 1.3% in the first quarter. Retirement Systems of Alabama now owns 97,848 shares of the bank’s stock valued at $4,110,000 after buying an additional 1,292 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its position in Zions Bancorporation by 0.3% in the first quarter. Douglas Lane & Associates LLC now owns 221,009 shares of the bank’s stock valued at $9,282,000 after buying an additional 730 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

About Zions Bancorporation

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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