Zions Bancorporation, National Association (NASDAQ:ZION) EVP Jennifer Anne Smith Sells 3,605 Shares

Zions Bancorporation, National Association (NASDAQ:ZION) EVP Jennifer Anne Smith sold 3,605 shares of Zions Bancorporation, National Association stock in a transaction that occurred 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 approximately $1,434,894.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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 transaction of $234,422.10.

Zions Bancorporation, National Association Stock Down 0.6 %

NASDAQ ZION traded down $0.37 on Tuesday, hitting $59.69. 890,114 shares of the stock were exchanged, compared to its average volume of 2,077,646. The company has a market cap of $8.82 billion, a PE ratio of 13.68, a PEG ratio of 5.18 and a beta of 1.07. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $49.41 and a 200-day moving average price of $46.61. Zions Bancorporation, National Association has a fifty-two week low of $32.24 and a fifty-two week high of $61.08.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. During the same period last year, the firm posted $1.13 earnings per share. Sell-side analysts anticipate that Zions Bancorporation, National Association will post 4.82 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced 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 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. This represents a $1.72 annualized dividend and a yield of 2.88%. Zions Bancorporation, National Association’s payout ratio is presently 39.18%.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several institutional investors have recently made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter worth approximately $28,000. ORG Partners LLC acquired a new position in shares of Zions Bancorporation, National Association in the second quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new stake in Zions Bancorporation, National Association in the 2nd quarter worth about $34,000. Rothschild Investment LLC acquired a new position in shares of Zions Bancorporation, National Association in the 2nd quarter valued at $39,000. Finally, Abich Financial Wealth Management LLC grew its position in Zions Bancorporation, National Association by 49.7% during the first quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock valued at $49,000 after acquiring an additional 372 shares during the period. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZION has been the topic of several analyst reports. Robert W. Baird upped their target price on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price objective on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Stephens raised their price target on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Compass Point upped their price objective on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, StockNews.com raised shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $53.12.

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.