Zions Bancorporation, National Association (NASDAQ:ZION) EVP Sells $1,280,344.31 in Stock

Zions Bancorporation, National Association (NASDAQ:ZION) EVP Jennifer Anne Smith sold 22,673 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the sale, the executive vice president now owns 29,313 shares of the company’s stock, valued at $1,655,305.11. This trade represents a 43.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Zions Bancorporation, National Association Price Performance

Shares of Zions Bancorporation, National Association stock traded down $0.32 during trading on Wednesday, hitting $56.46. The stock had a trading volume of 1,178,079 shares, compared to its average volume of 1,197,602. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a 12 month low of $38.01 and a 12 month high of $63.22. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 1.63 and a beta of 1.11. The business’s 50-day moving average is $56.22 and its 200 day moving average is $53.01.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. The business had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. As a group, sell-side analysts anticipate that Zions Bancorporation, National Association will post 5.38 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.72 annualized dividend and a yield of 3.05%. Zions Bancorporation, National Association’s payout ratio is presently 34.75%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Wedbush raised their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price target on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Stephens lifted their price objective on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 22nd. Finally, Robert W. Baird upped their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.71.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of hedge funds and other institutional investors have recently bought and sold shares of ZION. EverSource Wealth Advisors LLC lifted its holdings in shares of Zions Bancorporation, National Association by 51.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock worth $29,000 after acquiring an additional 183 shares during the last quarter. Covestor Ltd raised its position in Zions Bancorporation, National Association by 128.1% during the fourth quarter. Covestor Ltd now owns 853 shares of the bank’s stock valued at $46,000 after purchasing an additional 479 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in Zions Bancorporation, National Association by 120.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank’s stock worth $49,000 after purchasing an additional 493 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of Zions Bancorporation, National Association in the 4th quarter worth about $62,000. Finally, Natixis purchased a new position in shares of Zions Bancorporation, National Association in the 4th quarter worth about $102,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

About Zions Bancorporation, National Association

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.