The Exec VP and of Zions Bancorp (NASDAQ: ZION) is Selling Shares


Today, the Exec VP and of Zions Bancorp (NASDAQ: ZION), Bruce K. Alexander, sold shares of ZION for $219.2K.

In addition to Bruce K. Alexander, 6 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. ZION’s market cap is $11.02B and the company has a P/E ratio of 18.62. Currently, Zions Bancorp has an average volume of 2.36M.

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 -5.4% downside.

In the last 30 days, insiders have sold $3.03M worth of ZION shares and purchased $367.4K worth of ZION shares. The insider sentiment on Zions Bancorp has been negative according to 183 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.

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