Zions Bancorporation, National Association (NASDAQ:ZION) posted its quarterly earnings results on Monday. The bank reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.64, MarketWatch Earnings reports. Zions Bancorporation, National Association had a return on equity of 6.79% and a net margin of 14.58%. During the same quarter in the prior year, the business posted $0.97 earnings per share.
Shares of NASDAQ:ZION traded down $1.03 on Wednesday, hitting $48.30. The company’s stock had a trading volume of 2,056,219 shares, compared to its average volume of 1,697,983. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market capitalization of $7.92 billion, a PE ratio of 20.41, a PEG ratio of 2.91 and a beta of 1.63. The company has a 50-day simple moving average of $44.49 and a 200 day simple moving average of $35.93. Zions Bancorporation, National Association has a 1 year low of $23.58 and a 1 year high of $51.22.
In other news, EVP Steven Dan Stephens sold 6,491 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $33.24, for a total transaction of $215,760.84. Following the transaction, the executive vice president now directly owns 61,957 shares in the company, valued at approximately $2,059,450.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Randy R. Stewart sold 2,148 shares of the stock in a transaction dated Tuesday, November 17th. The shares were sold at an average price of $39.48, for a total value of $84,803.04. Following the transaction, the vice president now owns 9,007 shares in the company, valued at $355,596.36. The disclosure for this sale can be found here. Insiders have sold a total of 19,501 shares of company stock worth $659,444 over the last quarter. Corporate insiders own 1.81% of the company’s stock.
About Zions Bancorporation, National Association
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.
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