Zions Bancorporation, National Association (ZION) Insiders Are Selling, Here’s Why

At Zions Bancorporation, National Association (NASDAQ:ZION), the ratio of insider selling to insider buying over a quarter is running at 12. Could this be a sign something is bothering insiders? ZION recorded 12 sales count on the open market in the last three months. They sold nearly 68,583 shares while purchases amounted to zero shares that period. Looking even further back to 12 months, corporate insiders offloaded 283,290 shares when buyers snapped up 118,449 shares. The 12-month’s totals signify about a 2.39-to-1 sell/buy ratio.

Stephens Steven Dan parted with a total of 8 thousand shares of Zions Bancorporation, National Association (ZION) at average share price of $48.2. This insider trade in the company took place on 02/04/2019. The total for the sales was set at $385.6 thousand. After this transaction, the Subsidiary Pres. account balance stood at 64.25 thousand shares. The stock grew 2.28 percent since that insider sale. On 01/28/2019, Laursen Thomas E, General Counsel, sold 1.24 thousand shares at a price per share of $48.47. This removed 59.96 thousand shares from the insider’s fortune and the stock saw a 1.71 percent rally in value since the news became public. This transaction left 17.2 thousand shares in the General Counsel account.

On 01/28/2019, Corp Chief Info Officer Smith Jennifer Anne performed a sale transaction worth $373.98 thousand. This sale at $48.28 each has eliminated 7.75 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded 2.11 percent increase since the transaction was reported. The insider now is left with 20.04 thousand shares remaining in the account. Linderman Leeanne B, who performs the Executive Vice President job, sold 5.88 thousand shares for $295.43 thousand. The disposal occurred on 11/09/2018 was priced at $50.26 per share. The share price plunged -1.91 percent since the reporting date. Linderman Leeanne B now left with a stake of 0 thousand ZION stock worth $0 thousand after the insider selling.

The 12-month median price target for Zions Bancorporation, National Association (ZION) assigned by the analysts stands at $59, which represents a return potential of 19.68 percent when compared to the closing price of the stock of $49.3 on Thursday, February 07. The lowest price target for the stock is $49 — slightly more than -0.61 percent from ZION’s current share price. The stock will probably climb 8.03 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $69 price as 12-month high target. This represents a whopping 39.96 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 68.71 on daily chart, which may remain a cause for concern. If the price breaks below $48.31 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $50.01 mark may result into a pull-back move towards $50.73 level. The stock is currently hovering around the first support level of $48.8. Below this, the next support is placed in the zone of $48.31. Till the time, the ZION stock trades above this level, bulls have nothing to fear.

Shares of Zions Bancorporation, National Association (ZION) are trading at a P/E ratio of 11.92 times earnings reported for the past 12 months. The industry ZION operates in has an average P/E of 19.61. Its P/E ratio went as low as 9.94X and as high as 22.75 over the 5-year span. Further, it is sporting a 3.81 on the Price-to-Sales ratio. Compare this with the industry average P/S of 8.18. 0 percent is the gross profit margin for Zions Bancorporation, National Association and operating margin sits at 87.8 percent. Along with this, the net profit margin is 27.6 percent.

On 7th of February, Zions Bancorporation, National Association (NASDAQ:ZION) shares ended higher after a volatile session. The shares accumulated 0.32 points or 0.65 percent at $49.3 with a heavy trade volume of 3.266 million shares. After opening the session at $49.67, the shares went as high as $50.23 and as low as $49.02, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $9.46 billion and now has 191.87 million shares outstanding. Zions Bancorporation, National Association (ZION) stock has gained 14.17 percent of market value in 21 trading days.

In last reported earnings results, ZION earned $1.08 per share, better than the $1.05, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $716M, better than the $714M analysts expected. Earnings are estimated to increase by 42.9 percent this year, 8.74 percent next year and continue to increase by 12.85 percent annually for the next 5 years. Analysts are forecasting revenue to climb 5.1 percent to $715M in the next fiscal quarter, while earnings are seen soaring by nearly -4.59 percent to $1.04 per share. History has shown that shares in Zions Bancorporation, National Association have gone down on 19 different earnings reaction days and are predicted to add 0.03 percent when the company reports upcoming earnings.

ZION stock has a trailing 3-year beta of 1.53, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $4.11 a share in the trailing twelve months. The stock’s value has surged 21.01 percent year to date (YTD) against a decline of -6.13 percent in 12 month’s time. The company’s shares still trade -16.71 percent away from its 1-year high of $59.19 and 29.46 percent up from 52-week low of $38.08. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.