Zions Bancorporation, National Association (NASDAQ:ZION) EVP Sells $234,422.10 in Stock

Zions Bancorporation, National Association (NASDAQ:ZION) EVP Jennifer Anne Smith sold 4,385 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total value of $234,422.10. Following the completion of the sale, the executive vice president now owns 24,714 shares in the company, valued at $1,321,210.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION traded up $0.80 during trading hours on Wednesday, hitting $52.93. The company had a trading volume of 1,310,195 shares, compared to its average volume of 2,100,444. The business has a 50 day moving average of $48.41 and a 200-day moving average of $45.74. The company has a market cap of $7.82 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. Zions Bancorporation, National Association has a 1-year low of $29.78 and a 1-year high of $53.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.78 and a current ratio of 0.78.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. During the same quarter last year, the business posted $1.13 EPS. As a group, equities research analysts expect that Zions Bancorporation, National Association will post 4.75 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 37.36%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ZION. Wolfe Research upgraded shares of Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday, September 18th. Argus lowered shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. The Goldman Sachs Group boosted their price target on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on Zions Bancorporation, National Association from $50.00 to $54.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $53.12.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its stake in shares of Zions Bancorporation, National Association by 4.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 57,497 shares of the bank’s stock valued at $2,495,000 after purchasing an additional 2,285 shares during the last quarter. HB Wealth Management LLC increased its stake in Zions Bancorporation, National Association by 16.0% in the 1st quarter. HB Wealth Management LLC now owns 10,396 shares of the bank’s stock valued at $451,000 after buying an additional 1,432 shares during the period. Retirement Systems of Alabama increased its stake in Zions Bancorporation, National Association by 469.8% in the 1st quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank’s stock valued at $8,074,000 after buying an additional 153,387 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Zions Bancorporation, National Association by 13.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,407 shares of the bank’s stock worth $2,757,000 after buying an additional 8,145 shares during the last quarter. Finally, Blackhawk Capital Partners LLC. lifted its stake in shares of Zions Bancorporation, National Association by 12.6% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 5,612 shares of the bank’s stock worth $244,000 after acquiring an additional 629 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

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.