Jennifer Anne Smith, Executive Vice President of Zions Bancorporation (NASDAQ:ZION), recently executed several stock transactions, according to a recent SEC filing. On November 8, Smith sold a total of 3,605 shares of Zions Bancorporation common stock. The shares were sold at prices ranging from $58.0188 to $58.11, generating a total of $209,297.
In addition to these sales, Smith exercised stock options to acquire 3,605 shares at a price of $55.68 per share. Following these transactions, Smith's direct ownership of Zions Bancorporation common stock stands at 24,713.878 shares.
In other recent news, Zions Bancorporation has declared dividends for its common and preferred stockholders, reflecting its commitment to delivering value to shareholders. The company's solid financial health is further underscored by its impressive operating earnings per share (EPS) of $1.36, surpassing the consensus estimate of $1.17. This was driven by higher revenues and reduced expenses, resulting in a net earnings increase to $204 million.
Several financial firms, including Keefe, Bruyette & Woods, Piper Sandler, RBC (TSX:RY) Capital Markets, Baird, and Stephens, have revised their stock targets for Zions Bancorp upwards, maintaining neutral ratings. These revisions reflect the bank's strong financial performance and disciplined expense management.
Zions Bancorp is also planning to acquire four FirstBank branches in California, pending regulatory approval. This move is expected to enhance its deposit and loan portfolios. Despite some negative risk migration in multifamily and commercial classifieds, the bank's credit quality remains strong. Analysts predict a stable to slightly increasing loan growth and a 1.4% increase in net interest income in Q3 2025. These recent developments highlight Zions Bancorp's financial health and future prospects.
InvestingPro Insights
The recent stock transactions by Jennifer Anne Smith, Executive Vice President of Zions Bancorporation (NASDAQ:ZION), come at a time when the bank is experiencing significant market momentum. According to InvestingPro data, Zions has seen a remarkable 87.76% price total return over the past year, with a 33.22% return in just the last three months. This strong performance has pushed the stock to trade near its 52-week high, with the current price at 97.72% of that peak.
InvestingPro Tips highlight that Zions has maintained dividend payments for an impressive 54 consecutive years, demonstrating a commitment to shareholder returns. This is further supported by the bank's high shareholder yield and a current dividend yield of 2.86%. The company's financial health appears robust, with a P/E ratio of 13.54, suggesting a relatively attractive valuation compared to earnings.
Despite a slight revenue decline of 2.34% in the last twelve months, Zions has shown resilience with a quarterly revenue growth of 7.6% in Q3 2024. The bank's profitability remains solid, with an operating income margin of 35.68% and a return on assets of 0.8%.
Investors considering Zions Bancorporation might be interested to know that InvestingPro offers 13 additional tips for this stock, providing a more comprehensive analysis for those looking to delve deeper into the company's prospects.
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