Insider Selling: Zions Bancorporation, National Association (NASDAQ:ZION) CEO Sells 1,500 Shares of Stock

Zions Bancorporation, National Association (NASDAQ:ZION) CEO Alan M. Forney sold 1,500 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the sale, the chief executive officer now owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Zions Bancorporation, National Association Trading Up 2.1 %

NASDAQ ZION opened at $43.62 on Monday. The stock’s 50 day moving average price is $41.10 and its two-hundred day moving average price is $39.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 10.96 and a beta of 1.13. Zions Bancorporation, National Association has a 52 week low of $18.26 and a 52 week high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.02). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $747.21 million. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. During the same period last year, the firm earned $1.33 earnings per share. As a group, analysts anticipate that Zions Bancorporation, National Association will post 4.38 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Wednesday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 41.21%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Robert W. Baird dropped their price objective on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Morgan Stanley increased their price target on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a research report on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Zions Bancorporation, National Association in a report on Wednesday, April 10th. They set a “hold” rating and a $47.00 price objective for the company. Stephens increased their target price on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada boosted their price target on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and an average target price of $43.16.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several large investors have recently made changes to their positions in ZION. Norges Bank acquired a new position in Zions Bancorporation, National Association during the fourth quarter worth $67,694,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of Zions Bancorporation, National Association by 119.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after purchasing an additional 1,259,571 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Zions Bancorporation, National Association by 22.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank’s stock valued at $220,077,000 after purchasing an additional 927,899 shares during the period. iA Global Asset Management Inc. acquired a new stake in Zions Bancorporation, National Association in the 3rd quarter valued at about $28,113,000. Finally, Artemis Investment Management LLP bought a new position in Zions Bancorporation, National Association during the fourth quarter worth about $28,025,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.