Paul E. Burdiss Sells 9,506 Shares of Zions Bancorporation, National Association (NASDAQ:ZION) Stock

Zions Bancorporation, National Association (NASDAQ:ZION) EVP Paul E. Burdiss sold 9,506 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the sale, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION traded down $0.16 during mid-day trading on Friday, hitting $60.52. 512,359 shares of the stock traded hands, compared to its average volume of 2,023,952. Zions Bancorporation, National Association has a twelve month low of $35.07 and a twelve month high of $63.22. The firm has a 50 day simple moving average of $52.92 and a two-hundred day simple moving average of $48.09. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $8.94 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 5.37 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same period in the previous year, the business posted $1.13 earnings per share. As a group, equities research analysts forecast that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a $0.43 dividend. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.84%. The ex-dividend date was Thursday, November 14th. Zions Bancorporation, National Association’s dividend payout ratio is 39.18%.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of hedge funds have recently modified their holdings of the business. CVA Family Office LLC increased its holdings in Zions Bancorporation, National Association by 0.9% in the third quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock valued at $1,191,000 after purchasing an additional 217 shares during the period. Strategic Advocates LLC increased its stake in shares of Zions Bancorporation, National Association by 6.1% in the second quarter. Strategic Advocates LLC now owns 5,149 shares of the bank’s stock valued at $223,000 after buying an additional 296 shares during the period. Abich Financial Wealth Management LLC raised its position in shares of Zions Bancorporation, National Association by 26.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock worth $61,000 after acquiring an additional 296 shares during the last quarter. Centaurus Financial Inc. lifted its stake in shares of Zions Bancorporation, National Association by 8.3% in the second quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock worth $170,000 after acquiring an additional 299 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in Zions Bancorporation, National Association by 1.2% in the second quarter. Sequoia Financial Advisors LLC now owns 27,063 shares of the bank’s stock valued at $1,174,000 after acquiring an additional 327 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ZION shares. Jefferies Financial Group decreased their target price on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, September 11th. Truist Financial raised their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group upped their target price on Zions Bancorporation, National Association from $59.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays increased their target price on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a report on Tuesday, October 22nd. Finally, Evercore ISI boosted their price target on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.13.

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.