Zions Bancorporation, National Association (NASDAQ:ZION) EVP Sells $209,306.30 in Stock

Zions Bancorporation, National Association (NASDAQ:ZION) EVP Jennifer Anne Smith sold 3,605 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $209,306.30. Following the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,434,894.84. The trade was a 12.73 % decrease in their position. 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 stock was sold at an average price of $53.46, for a total value of $234,422.10.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $59.60 on Friday. Zions Bancorporation, National Association has a fifty-two week low of $33.66 and a fifty-two week high of $61.80. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 5.33 and a beta of 1.07. The business has a fifty day moving average of $50.15 and a 200-day moving average of $46.92. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The company had revenue of $1.28 billion during 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 earnings per share. As a group, analysts predict that Zions Bancorporation, National Association will post 4.85 earnings per share 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. Investors of record on Thursday, November 14th will be paid a $0.43 dividend. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, November 14th. Zions Bancorporation, National Association’s dividend payout ratio is presently 37.36%.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in Zions Bancorporation, National Association by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after acquiring an additional 929,251 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Zions Bancorporation, National Association by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank’s stock valued at $221,367,000 after purchasing an additional 140,084 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Zions Bancorporation, National Association by 25.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock valued at $126,762,000 after purchasing an additional 538,049 shares during the period. Bank of New York Mellon Corp raised its stake in Zions Bancorporation, National Association by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank’s stock valued at $74,784,000 after acquiring an additional 5,609 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in Zions Bancorporation, National Association by 9.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 1,019,182 shares of the bank’s stock valued at $44,202,000 after acquiring an additional 90,234 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZION. Argus lowered Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Jefferies Financial Group lowered their price target on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, September 11th. Wells Fargo & Company increased their price objective on Zions Bancorporation, National Association from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Robert W. Baird lifted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Wedbush lifted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.