Steven Dan Stephens Sells 10,000 Shares of Zions Bancorporation, National Association (NASDAQ:ZION) Stock

Zions Bancorporation, National Association (NASDAQ:ZION) EVP Steven Dan Stephens sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total value of $557,100.00. Following the completion of the sale, the executive vice president now directly owns 45,847 shares of the company’s stock, valued at approximately $2,554,136.37. This represents a 17.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $55.74 on Friday. The stock’s fifty day moving average is $56.30 and its two-hundred day moving average is $52.87. The firm has a market capitalization of $8.23 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a fifty-two week low of $38.01 and a fifty-two week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. The company had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, research analysts anticipate that Zions Bancorporation, National Association will post 5.26 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Thursday, February 13th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 34.75%.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of Zions Bancorporation, National Association by 51.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock valued at $29,000 after purchasing an additional 183 shares during the last quarter. Covestor Ltd lifted its stake in shares of Zions Bancorporation, National Association by 128.1% in the 4th quarter. Covestor Ltd now owns 853 shares of the bank’s stock valued at $46,000 after purchasing an additional 479 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Zions Bancorporation, National Association by 120.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank’s stock valued at $49,000 after purchasing an additional 493 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of Zions Bancorporation, National Association in the 4th quarter valued at $62,000. Finally, Natixis acquired a new position in shares of Zions Bancorporation, National Association in the 4th quarter valued at $102,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ZION. Evercore ISI lifted their target price on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wedbush boosted their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their price objective on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their price objective on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Finally, Stephens boosted their price objective on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of “Hold” and a consensus target price of $60.71.

Zions Bancorporation, National Association Company Profile

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.