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Steven Dan Stephens, Executive Vice President and Division CEO of Zions Bancorporation (NASDAQ:ZION), a $8.2 billion market cap bank that has shown strong momentum with a 25% price gain over the past six months, recently sold 10,000 shares of common stock, valued at approximately $557,120. This transaction was executed at a weighted average price of $55.712 per share, with trades occurring between $55.69 and $55.770. According to InvestingPro, the stock currently trades at an attractive P/E ratio of 11.2x while offering a 3.1% dividend yield.
In addition to the sale, Stephens exercised stock options, acquiring 4,966 shares at a price of $55.68 per share, totaling $276,506. Following these transactions, Stephens now holds 45,520 shares of Zions Bancorporation common stock. InvestingPro analysis suggests the stock is currently undervalued, with 8 analysts recently revising their earnings expectations upward. Get access to 7 more exclusive ProTips and comprehensive valuation metrics with InvestingPro.
In other recent news, Zions Bancorporation, a leading financial services company, announced dividends on its common and preferred stock. The company's board of directors declared a regular quarterly dividend of $0.43 per common share and a regular quarterly cash dividend for the holders of the company's Series A perpetual preferred shares. Zions Bancorporation generated an annual net revenue of $3.1 billion in 2024.
In the wake of the earnings report, several financial firms adjusted their outlooks on Zions Bancorporation. RBC Capital Markets raised the bank's price target and increased its estimated earnings per share for 2025 and 2026. DA Davidson also increased the price target, citing robust revenue growth and a positive outlook. Keefe, Bruyette & Woods raised the price target for Zions Bancorp shares, reflecting a positive view on the bank's earnings potential. Stephens analyst Terry McEvoy increased the price target for Zions Bancorp shares following a recent earnings report that surpassed consensus expectations.
These are some of the recent developments surrounding Zions Bancorporation. The company's financial performance and the adjustments made by financial firms indicate a positive outlook for the bank.
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