Zions Bancorporation /ut/ (ZION): Michael Morris , Executive Vice President of Zions Bancorporation /ut/ sold 8,634 shares on May 27, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $27.88 per share for a total value of $240,648.58 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 27, 2016, David E Blackford (Exec Vice President) sold 3,981 shares at $28.00 per share price.On May 26, 2016, Thomas E Laursen (Sr. Vice President &) sold 3,500 shares at $28.47 per share price.Also, On May 23, 2016, Steven Dan Stephens (Executive Vice President) sold 10,000 shares at $27.09 per share price.On May 19, 2016, Dallas E Haun (Exec Vice President) sold 4,500 shares at $26.41 per share price.
Zions Bancorporation: On Friday, May 27, 2016 heightened volatility was witnessed in Zions Bancorporation which led to swings in the share price. The shares opened for trading at $27.92 and hit $28.17 on the upside , eventually ending the session at $28.16, with a gain of 1.15% or 0.32 points. The heightened volatility saw the trading volume jump to 20,57,324 shares. The 52-week high of the share price is $33.03 and the company has a market cap of $5,762 M . The 52-week low of the share price is at $19.65.
Company has been under the radar of several Street Analysts.Zions Bancorporation is Reiterated by Compass Point to Neutral and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $27 .The Rating was issued on May 12, 2016.Zions Bancorporation is Upgraded by Raymond James to Strong Buy. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on May 9, 2016.Zions Bancorporation is Reiterated by UBS to Sell and the brokerage firm has raised the Price Target to $ 22 from a previous price target of $20 .The Rating was issued on Apr 26, 2016.Zions Bancorporation is Downgraded by Compass Point to Neutral while Lowering the Price Target of the company shares to $ 27 from a previous price target of $29 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 13, 2016.
Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31 2014. The Company provides banking and related services through its banking and other subsidiaries primarily in Arizona California Colorado Idaho Nevada New Mexico Oregon Texas Utah Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of 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; trust and wealth management; limited capital markets activities including municipal finance advisory and underwriting and investment activities.