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 company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the transaction, the executive vice president now directly owns 29,313 shares in the company, valued at approximately $1,655,305.11. The trade was a 43.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Zions Bancorporation, National Association Stock Down 0.6 %

NASDAQ:ZION opened at $56.46 on Thursday. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.66 and a beta of 1.11. Zions Bancorporation, National Association has a 1-year low of $38.01 and a 1-year high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average price is $56.18 and its 200 day moving average price is $53.03.

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

Zions Bancorporation, National Association Dividend Announcement

The company 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 $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, February 13th. Zions Bancorporation, National Association’s payout ratio is currently 34.75%.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in Zions Bancorporation, National Association in the third quarter valued at approximately $583,000. Cornercap Investment Counsel Inc. acquired a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter valued at $510,000. Sequoia Financial Advisors LLC lifted its stake in shares of Zions Bancorporation, National Association by 1.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank’s stock valued at $1,302,000 after purchasing an additional 506 shares during the last quarter. State Street Corp boosted its holdings in Zions Bancorporation, National Association by 14.6% in the third quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock worth $332,515,000 after purchasing an additional 896,889 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in Zions Bancorporation, National Association by 14.2% during the third quarter. Los Angeles Capital Management LLC now owns 351,148 shares of the bank’s stock worth $16,581,000 after buying an additional 43,720 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stephens boosted their price objective on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 22nd. Truist Financial increased their price objective on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. UBS Group began coverage on Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 price objective on the stock. Finally, DA Davidson raised their target price on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 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, Zions Bancorporation, National Association currently has an average rating of “Hold” and an average target price of $60.71.

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.