Steven Dan Stephens Sells 15,476 Shares of Zions Bancorporation, N.A. (NASDAQ:ZION) Stock

Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Steven Dan Stephens sold 15,476 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $65.90, for a total value of $1,019,868.40. Following the sale, the executive vice president directly owned 41,127 shares in the company, valued at $2,710,269.30. This represents a 27.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Zions Bancorporation, N.A. Stock Performance

ZION stock traded down $0.13 during trading on Monday, hitting $65.16. 1,969,950 shares of the company traded hands, compared to its average volume of 1,948,340. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $66.18. The company has a market cap of $9.62 billion, a PE ratio of 10.86 and a beta of 0.85. The stock’s 50-day simple moving average is $59.27 and its 200 day simple moving average is $56.01. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th will be given 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 2.8%. Zions Bancorporation, N.A.’s dividend payout ratio is 30.00%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ZION. Stephens increased their price target on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 21st. Barclays increased their target price on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the company an “underweight” rating in a research report on Monday, January 5th. Truist Financial boosted their price target on shares of Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, December 16th. Finally, Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and lifted their target price for the company from $55.00 to $60.00 in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $63.32.

Institutional Trading of Zions Bancorporation, N.A.

Several large investors have recently added to or reduced their stakes in ZION. Torren Management LLC purchased a new position in shares of Zions Bancorporation, N.A. during the 4th quarter worth $32,000. Leonteq Securities AG purchased a new position in Zions Bancorporation, N.A. during the fourth quarter worth about $32,000. Traub Capital Management LLC acquired a new position in Zions Bancorporation, N.A. in the 2nd quarter valued at about $31,000. Community Bank N.A. purchased a new stake in shares of Zions Bancorporation, N.A. in the 3rd quarter valued at approximately $36,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Zions Bancorporation, N.A. during the 3rd quarter worth approximately $37,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

About Zions Bancorporation, N.A.

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.