Insider Selling: Zions Bancorporation, National Association (NASDAQ:ZION) EVP Sells 3,605 Shares of Stock

Zions Bancorporation, National Association (NASDAQ:ZION) EVP Jennifer Anne Smith sold 3,605 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were 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 owns 24,714 shares in the company, valued at $1,434,894.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jennifer Anne Smith also recently made the following trade(s):

• On Wednesday, October 30th, Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10.

Zions Bancorporation, National Association Stock Down 0.6 %

Zions Bancorporation, National Association stock traded down $0.37 during midday trading on Tuesday, reaching $59.69. The stock had a trading volume of 890,114 shares, compared to its average volume of 2,077,646. The stock has a market capitalization of $8.82 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 5.18 and a beta of 1.07. The firm’s fifty day simple moving average is $49.41 and its 200-day simple moving average is $46.61. 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 has a 1-year low of $32.24 and a 1-year high of $61.08.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. During the same quarter last year, the firm earned $1.13 earnings per share. As a group, analysts expect that Zions Bancorporation, National Association will post 4.82 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, November 14th. 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 dividend yield of 2.88%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 39.18%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ZION. Truist Financial boosted 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. JPMorgan Chase & Co. dropped their price objective on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Barclays increased their price objective on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an “underweight” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group cut their price target on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday, September 11th. Finally, Compass Point lifted their price target on shares of Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $53.12.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Zions Bancorporation, National Association by 103.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock valued at $7,163,000 after buying an additional 4,993,164 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Zions Bancorporation, National Association by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after purchasing an additional 929,251 shares during the last quarter. Artemis Investment Management LLP lifted its stake in shares of Zions Bancorporation, National Association by 165.0% during the 3rd quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank’s stock worth $42,761,000 after buying an additional 563,889 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Zions Bancorporation, National Association by 25.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock worth $126,762,000 after buying an additional 538,049 shares during the period. Finally, AQR Capital Management LLC grew its stake in Zions Bancorporation, National Association by 75.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after buying an additional 433,513 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

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.