Insider Selling: Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Sells 6,558 Shares of Stock

Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Jennifer Anne Smith sold 6,558 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $64.80, for a total value of $424,958.40. Following the sale, the executive vice president directly owned 18,761 shares in the company, valued at approximately $1,215,712.80. The trade was a 25.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zions Bancorporation, N.A. Stock Down 0.2%

Shares of NASDAQ:ZION traded down $0.13 during trading on Monday, reaching $65.16. The stock had a trading volume of 1,969,950 shares, compared to its average volume of 1,948,340. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $9.62 billion, a P/E ratio of 10.86 and a beta of 0.85. The firm’s 50-day simple moving average is $59.27 and its 200 day simple moving average is $56.01. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $66.18.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 12th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio is currently 30.00%.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Zions Bancorporation, N.A. by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 19,308,327 shares of the bank’s stock valued at $1,002,875,000 after buying an additional 582,392 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Zions Bancorporation, N.A. by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,343,076 shares of the bank’s stock worth $415,474,000 after buying an additional 30,552 shares in the last quarter. LSV Asset Management boosted its holdings in Zions Bancorporation, N.A. by 4.5% in the second quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock valued at $205,689,000 after purchasing an additional 169,085 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Zions Bancorporation, N.A. by 14.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 3,244,014 shares of the bank’s stock valued at $183,546,000 after buying an additional 409,065 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Zions Bancorporation, N.A. by 31.6% in the third quarter. AQR Capital Management LLC now owns 2,963,545 shares of the bank’s stock worth $167,677,000 after acquiring an additional 711,218 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays upped their target price on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the company an “underweight” rating in a research report on Monday, January 5th. UBS Group lowered their price objective on Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Piper Sandler increased their target price on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. Truist Financial increased their target price on Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Finally, Robert W. Baird cut Zions Bancorporation, N.A. from an “outperform” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.32.

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.