Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Jennifer Anne Smith Sells 6,558 Shares

Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Jennifer Anne Smith sold 6,558 shares of Zions Bancorporation, N.A. stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $64.80, for a total transaction of $424,958.40. Following the transaction, the executive vice president owned 18,761 shares of the company’s stock, valued at $1,215,712.80. This represents a 25.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zions Bancorporation, N.A. Stock Down 0.2%

Shares of ZION traded down $0.13 on Monday, reaching $65.16. The company’s stock had a trading volume of 1,969,950 shares, compared to its average volume of 1,948,340. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $66.18. The stock has a market capitalization of $9.62 billion, a PE ratio of 10.86 and a beta of 0.85. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $59.27 and a 200-day moving average of $56.01.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is currently 30.00%.

Analyst Upgrades and Downgrades

ZION has been the subject of a number of analyst reports. Royal Bank Of Canada increased their price target on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 21st. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and upped their target price for the stock from $55.00 to $60.00 in a research note on Wednesday, November 19th. Bank of America raised shares of Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and raised their price target for the company from $59.00 to $62.00 in a research report on Thursday, October 23rd. Citigroup boosted their price target on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Finally, Barclays increased their price objective on shares of Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the company an “underweight” rating in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Zions Bancorporation, N.A. has a consensus rating of “Hold” and a consensus price target of $63.32.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

Large investors have recently modified their holdings of the stock. Signaturefd LLC raised its holdings in Zions Bancorporation, N.A. by 17.1% during the 4th quarter. Signaturefd LLC now owns 1,192 shares of the bank’s stock valued at $70,000 after buying an additional 174 shares during the period. DAVENPORT & Co LLC increased its stake in Zions Bancorporation, N.A. by 2.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock worth $424,000 after buying an additional 200 shares during the period. Alta Capital Management LLC increased its position in shares of Zions Bancorporation, N.A. by 0.7% during the fourth quarter. Alta Capital Management LLC now owns 27,838 shares of the bank’s stock worth $1,630,000 after acquiring an additional 203 shares during the period. Parkside Financial Bank & Trust increased its holdings in Zions Bancorporation, N.A. by 7.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,926 shares of the bank’s stock worth $152,000 after purchasing an additional 206 shares during the period. Finally, GAMMA Investing LLC raised its position in Zions Bancorporation, N.A. by 2.2% during the 3rd quarter. GAMMA Investing LLC now owns 10,567 shares of the bank’s stock valued at $598,000 after purchasing an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.