Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Jennifer Anne Smith Sells 2,089 Shares of Stock

Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Jennifer Anne Smith sold 2,089 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $62.48, for a total transaction of $130,520.72. Following the sale, the executive vice president directly owned 22,733 shares in the company, valued at approximately $1,420,357.84. The trade was a 8.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jennifer Anne Smith also recently made the following trade(s):

• On Friday, February 6th, Jennifer Anne Smith sold 6,558 shares of Zions Bancorporation, N.A. stock. The stock was sold at an average price of $64.80, for a total transaction of $424,958.40.

Zions Bancorporation, N.A. Trading Down 0.2%

ZION traded down $0.13 during trading on Friday, hitting $61.35. 443,460 shares of the stock were exchanged, compared to its average volume of 1,933,027. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $66.18. The firm has a 50 day simple moving average of $60.39 and a 200 day simple moving average of $56.48. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 10.25 and a beta of 0.85.

Zions Bancorporation, N.A. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, February 12th. Zions Bancorporation, N.A.’s payout ratio is currently 30.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ZION shares. JPMorgan Chase & Co. boosted their price target on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, December 16th. Piper Sandler upped their target price on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. Stephens increased their price target on shares of 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. Royal Bank Of Canada upped their target price on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 21st. Finally, Truist Financial increased their price objective on Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $63.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ZION. Norges Bank purchased a new stake in shares of Zions Bancorporation, N.A. during the 4th quarter valued at about $105,700,000. Balyasny Asset Management L.P. increased its holdings in Zions Bancorporation, N.A. by 1,270.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,146,992 shares of the bank’s stock valued at $67,145,000 after buying an additional 1,063,303 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Zions Bancorporation, N.A. by 31.6% during the 3rd quarter. AQR Capital Management LLC now owns 2,963,545 shares of the bank’s stock valued at $167,677,000 after acquiring an additional 711,218 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Zions Bancorporation, N.A. in the 2nd quarter worth about $32,008,000. Finally, FIL Ltd boosted its stake in Zions Bancorporation, N.A. by 117.6% in the fourth quarter. FIL Ltd now owns 1,113,079 shares of the bank’s stock valued at $65,160,000 after acquiring an additional 601,610 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.