.png "Zions Bancorp (NASDAQ: ZION)")
Today, the EVP of Zions Bancorp (NASDAQ: ZION), Scott Mclean, sold shares of ZION for $648.1K.
Following Scott Mclean’s last ZION Sell transaction on June 01, 2017, the stock climbed by 14.6%. In addition to Scott Mclean, 5 other ZION executives reported Sell trades in the last month.
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Based on Zions Bancorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $727 million and quarterly net profit of $238 million. In comparison, last year the company earned revenue of $647 million and had a net profit of $139 million. The company has a one-year high of $57.29 and a one-year low of $38.43. ZION’s market cap is $10.79B and the company has a P/E ratio of 17.80.
Eight different firms, including Bernstein and Merrill Lynch, currently also have a Sell rating on the stock. Based on 14 analyst ratings, the analyst consensus is Strong Buy with an average price target of $60.57, reflecting a -9.1% downside.
In the last 30 days, insiders have sold $2.82M worth of ZION shares and purchased $734.8K worth of ZION shares. The insider sentiment on Zions Bancorp has been negative according to 185 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Scott Mclean’s trades have generated a -7.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Zions Bancorporation engages in the provision of banking and related services and offers a variety of commercial and retail banking and mortgage lending products and services. Its products involves personal banking services to individuals, including home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit of various types and maturities, trust services, safe deposit facilities, direct deposit, and Internet and mobile banking. The company was founded in April 1955 and is headquartered in Salt Lake City, UT.
