Insider Selling: Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Sells $34,628.00 in Stock

Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Jennifer Anne Smith sold 550 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $62.96, for a total transaction of $34,628.00. Following the completion of the transaction, the executive vice president owned 6,527 shares of the company’s stock, valued at $410,939.92. This represents a 7.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, February 18th, Jennifer Anne Smith sold 2,089 shares of Zions Bancorporation, N.A. stock. The stock was sold at an average price of $62.48, for a total transaction of $130,520.72.
• 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. Stock Performance

Shares of Zions Bancorporation, N.A. stock opened at $62.50 on Friday. The company has a market capitalization of $9.19 billion, a PE ratio of 9.72, a P/E/G ratio of 2.08 and a beta of 0.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 0.83. The company has a 50-day simple moving average of $58.84 and a two-hundred day simple moving average of $57.77. Zions Bancorporation, N.A. has a one year low of $45.52 and a one year high of $66.18.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings data on Monday, April 20th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.13. The firm had revenue of $859.00 million for the quarter, compared to the consensus estimate of $853.73 million. Zions Bancorporation, N.A. had a net margin of 19.53% and a return on equity of 13.90%. During the same quarter in the prior year, the company posted $1.13 earnings per share. Research analysts expect that Zions Bancorporation, N.A. will post 6.41 EPS for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th will be 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 is Thursday, May 14th. Zions Bancorporation, N.A.’s payout ratio is currently 27.99%.

Zions Bancorporation, N.A. announced that its board has authorized a stock repurchase program on Saturday, May 2nd that authorizes the company to buyback $225.00 million in outstanding shares. This buyback authorization authorizes the bank to buy up to 2.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Torren Management LLC purchased a new stake in Zions Bancorporation, N.A. in the 4th quarter worth approximately $32,000. Leonteq Securities AG purchased a new stake in Zions Bancorporation, N.A. in the 4th quarter worth approximately $32,000. Community Bank N.A. purchased a new stake in Zions Bancorporation, N.A. in the 3rd quarter worth approximately $36,000. Atlas Capital Advisors Inc. purchased a new stake in Zions Bancorporation, N.A. in the 4th quarter worth approximately $36,000. Finally, V Square Quantitative Management LLC purchased a new stake in Zions Bancorporation, N.A. in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ZION. DA Davidson boosted their target price on shares of Zions Bancorporation, N.A. from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their target price on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada boosted their target price on shares of Zions Bancorporation, N.A. from $64.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 21st. Stephens boosted their target price 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. Finally, Truist Financial boosted their target price on shares of Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $65.53.

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.