Zions Bancorporation, National Association (NASDAQ:ZION) EVP Paul E. Burdiss Sells 9,506 Shares

Zions Bancorporation, National Association (NASDAQ:ZION) EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the transaction, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Zions Bancorporation, National Association Stock Performance

ZION stock opened at $60.52 on Friday. The company has a 50 day moving average price of $52.92 and a 200 day moving average price of $48.09. Zions Bancorporation, National Association has a fifty-two week low of $35.07 and a fifty-two week high of $63.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $8.94 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 5.37 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its 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 the consensus estimate 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 quarter in the previous year, the company posted $1.13 earnings per share. Analysts forecast that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, November 14th. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 2.84%. Zions Bancorporation, National Association’s dividend payout ratio is presently 39.18%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ZION shares. Truist Financial upped their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upped their price target on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Robert W. Baird increased 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 report on Tuesday, October 22nd. Finally, Wolfe Research upgraded shares of Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of “Hold” and an average price target of $55.13.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. ORG Wealth Partners LLC acquired a new position in Zions Bancorporation, National Association in the third quarter valued at approximately $28,000. ORG Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the 2nd quarter worth $33,000. International Assets Investment Management LLC bought a new stake in Zions Bancorporation, National Association in the second quarter valued at about $34,000. Rothschild Investment LLC acquired a new position in Zions Bancorporation, National Association in the second quarter valued at about $39,000. Finally, Abich Financial Wealth Management LLC boosted its holdings 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 worth $49,000 after buying an additional 372 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

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.