Zions Bancorporation, National Association (NASDAQ:ZION) Short Interest Update

Zions Bancorporation, National Association (NASDAQ:ZION) saw a large decline in short interest in January. As of January 15th, there was short interest totalling 4,500,000 shares, a decline of 17.7% from the December 31st total of 5,470,000 shares. Based on an average daily volume of 1,320,000 shares, the short-interest ratio is presently 3.4 days. Approximately 3.1% of the company’s stock are sold short.

Insider Buying and Selling

In related news, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the sale, the executive vice president now directly owns 86,232 shares in the company, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Anne Smith sold 3,605 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $209,306.30. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at approximately $1,434,894.84. This trade represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,496 shares of company stock worth $873,762 in the last quarter. Corporate insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several large investors have recently modified their holdings of ZION. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association during the third quarter worth $28,000. Venturi Wealth Management LLC grew its position in Zions Bancorporation, National Association by 209.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock valued at $117,000 after acquiring an additional 1,671 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Zions Bancorporation, National Association in the third quarter worth $119,000. TD Private Client Wealth LLC lifted its position in shares of Zions Bancorporation, National Association by 15.2% during the third quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock worth $134,000 after purchasing an additional 375 shares during the last quarter. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Zions Bancorporation, National Association during the fourth quarter valued at $201,000. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

ZION opened at $57.86 on Friday. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 2.92 and a beta of 1.12. Zions Bancorporation, National Association has a fifty-two week low of $37.76 and a fifty-two week high of $63.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The company has a fifty day moving average of $57.01 and a 200 day moving average of $52.47.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The company had revenue of $820.00 million during 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 firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 earnings per share. As a group, sell-side analysts forecast that Zions Bancorporation, National Association will post 5.23 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed 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. This represents a $1.72 dividend on an annualized basis and a yield of 2.97%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 34.75%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ZION. Wells Fargo & Company boosted their price target on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Morgan Stanley boosted their target price on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Barclays increased their price target on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 22nd. Evercore ISI lifted their price target on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods upped their price objective on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Zions Bancorporation, National Association currently has an average rating of “Hold” and an average price target of $60.71.

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.