A Director at Zions Bancorporation National Association is Exercising Options

On February 17 it was reported that a Director at Zions Bancorporation National Association (ZION), David Heaney, exercised options to buy 2,508 ZION shares at $6.34 a share, for a total transaction value of $15.92K.

Following this transaction David Heaney’s holding in the company was increased by 7.75% to a total of $1.81 million. Following David Heaney’s last ZION Buy transaction on April 11, 2018, the stock climbed by 2.2%.

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Based on Zions Bancorporation National Association’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $716 million and quarterly net profit of $284 million. In comparison, last year the company earned revenue of $711 million and had a net profit of $183 million. The company has a one-year high of $51.81 and a one-year low of $23.58. ZION’s market cap is $8.21 billion and the company has a P/E ratio of 16.60.

Seven different firms, including Argus Research and B.Riley Financial, currently also have a Buy rating on the stock. Based on 12 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $53.18, reflecting a -6.0% downside.

In the last 30 days, insiders have sold $1.08M worth of ZION shares and purchased $15.92K worth of ZION shares. The insider sentiment on Zions Bancorporation National Association has been negative according to 88 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

David Heaney’s trades have generated a -4.9% 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 commercial, retail banking and mortgage lending products & 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 & mobile banking. The company was founded in April 1955 and is headquartered in Salt Lake City, UT.

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