Insider Selling: Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Sells 769 Shares of Stock

Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Derek Steward sold 769 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $60.46, for a total transaction of $46,493.74. Following the completion of the sale, the executive vice president owned 14,307 shares in the company, valued at $865,001.22. This represents a 5.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Zions Bancorporation, N.A. Price Performance

Shares of Zions Bancorporation, N.A. stock traded up $1.37 during mid-day trading on Tuesday, reaching $62.36. 1,741,387 shares of the stock were exchanged, compared to its average volume of 1,841,168. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 10.39 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 50-day simple moving average of $58.42 and a 200 day simple moving average of $55.81. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $62.49.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th will be paid a $0.45 dividend. The ex-dividend date is Thursday, February 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.9%. Zions Bancorporation, N.A.’s payout ratio is 30.00%.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

Large investors have recently bought and sold shares of the business. Signaturefd LLC raised its position in shares of 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 acquiring an additional 174 shares during the last quarter. DAVENPORT & Co LLC raised its position in shares of Zions Bancorporation, N.A. by 2.7% during the third quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock worth $424,000 after purchasing an additional 200 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of 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 valued at $152,000 after purchasing an additional 206 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Zions Bancorporation, N.A. by 2.2% in 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 during the period. Finally, Stratos Wealth Partners LTD. raised its holdings in Zions Bancorporation, N.A. by 3.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 7,886 shares of the bank’s stock worth $462,000 after buying an additional 240 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZION has been the topic of a number of research analyst reports. Citigroup increased their price target on Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Weiss Ratings lowered Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Barclays raised their target price on 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. Truist Financial lifted their price target on Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. Finally, TD Cowen upped their price target on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. One equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.16.

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.