Zions Bancorporation, National Association (NASDAQ:ZION) Insider Robert Ryan Richards Sells 316 Shares

Zions Bancorporation, National Association (NASDAQ:ZION) insider Robert Ryan Richards sold 316 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $49.48, for a total transaction of $15,635.68. Following the sale, the insider now owns 30,354 shares in the company, valued at $1,501,915.92. This represents a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION opened at $50.44 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $53.15 and its two-hundred day moving average price is $53.80. Zions Bancorporation, National Association has a 52-week low of $39.05 and a 52-week high of $63.22. The stock has a market capitalization of $7.44 billion, a P/E ratio of 10.19, a P/E/G ratio of 1.61 and a beta of 1.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. During the same quarter last year, the business posted $0.78 EPS. The business’s revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Thursday, February 13th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 34.75%.

Zions Bancorporation, National Association announced that its board has authorized a share buyback program on Monday, February 24th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the bank to buy up to 0.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada lifted their target price on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Morgan Stanley reduced their price target on Zions Bancorporation, National Association from $71.00 to $64.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. DA Davidson lifted their price objective on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Barclays increased their target price on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an “underweight” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.94.

Institutional Trading of Zions Bancorporation, National Association

Several hedge funds have recently bought and sold shares of ZION. EverSource Wealth Advisors LLC grew its position in Zions Bancorporation, National Association by 51.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock worth $29,000 after purchasing an additional 183 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Zions Bancorporation, National Association by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,511 shares of the bank’s stock worth $245,000 after acquiring an additional 224 shares during the period. Contravisory Investment Management Inc. lifted its position in Zions Bancorporation, National Association by 1.5% in the fourth quarter. Contravisory Investment Management Inc. now owns 17,263 shares of the bank’s stock worth $937,000 after purchasing an additional 249 shares during the period. Jackson Creek Investment Advisors LLC boosted its stake in Zions Bancorporation, National Association by 3.3% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank’s stock valued at $490,000 after buying an additional 285 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in shares of Zions Bancorporation, National Association by 4.7% during the 4th quarter. Blair William & Co. IL now owns 6,713 shares of the bank’s stock valued at $364,000 after purchasing an additional 303 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Company Profile

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.