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 stock in a transaction on Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $209,306.30. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink.

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 value of $234,422.10.

Zions Bancorporation, National Association Stock Up 0.9 %

NASDAQ ZION opened at $60.21 on Thursday. The business’s 50-day moving average is $49.88 and its 200 day moving average is $46.83. 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 stock has a market capitalization of $8.89 billion, a PE ratio of 13.72, a PEG ratio of 5.28 and a beta of 1.07. Zions Bancorporation, National Association has a 1 year low of $33.66 and a 1 year high of $61.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. The business 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 firm posted $1.13 EPS. Sell-side analysts forecast that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.86%. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, November 14th. Zions Bancorporation, National Association’s payout ratio is presently 37.36%.

Institutional Trading of Zions Bancorporation, National Association

Large investors have recently bought and sold shares of the company. Comerica Bank boosted its position in Zions Bancorporation, National Association by 331.1% during the 1st quarter. Comerica Bank now owns 118,861 shares of the bank’s stock valued at $5,159,000 after acquiring an additional 91,289 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Zions Bancorporation, National Association during the first quarter valued at approximately $1,959,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Zions Bancorporation, National Association by 71.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 118,248 shares of the bank’s stock valued at $5,136,000 after purchasing an additional 49,213 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of Zions Bancorporation, National Association during the first quarter valued at approximately $878,000. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Zions Bancorporation, National Association by 223.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,401 shares of the bank’s stock valued at $1,797,000 after purchasing an additional 28,600 shares during the last quarter. 76.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ZION. The Goldman Sachs Group raised their price target on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Truist Financial raised their price target on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their price target on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Wolfe Research upgraded Zions Bancorporation, National Association to a “hold” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $53.12.

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.