Insider Selling: Zions Bancorporation, National Association (NASDAQ:ZION) EVP Sells 4,385 Shares of Stock

Zions Bancorporation, National Association (NASDAQ:ZION) EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association 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 transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at $1,321,210.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Zions Bancorporation, National Association Stock Up 1.5 %

Shares of NASDAQ ZION opened at $52.93 on Thursday. The company has a 50 day simple moving average of $48.41 and a 200 day simple moving average of $45.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.78. Zions Bancorporation, National Association has a 1 year low of $29.78 and a 1 year high of $53.85. The firm 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 (NASDAQ:ZION) last released its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm 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. On average, research analysts forecast that Zions Bancorporation, National Association will post 4.75 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a $0.41 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.10%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 37.36%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ZION. Stephens boosted their price target on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group dropped their target price on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lowered 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. Finally, Royal Bank of Canada raised their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.12.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC boosted its holdings in Zions Bancorporation, National Association by 10.1% in the third quarter. Chicago Partners Investment Group LLC now owns 4,909 shares of the bank’s stock valued at $255,000 after acquiring an additional 450 shares during the last quarter. US Bancorp DE lifted its position in shares of Zions Bancorporation, National Association by 4.1% in the 3rd quarter. US Bancorp DE now owns 16,350 shares of the bank’s stock worth $772,000 after purchasing an additional 649 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Zions Bancorporation, National Association by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 17,158 shares of the bank’s stock valued at $810,000 after purchasing an additional 1,160 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Zions Bancorporation, National Association by 0.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank’s stock worth $1,947,000 after buying an additional 348 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Zions Bancorporation, National Association by 11.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,035 shares of the bank’s stock worth $4,183,000 after buying an additional 9,393 shares during the last quarter. 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.