Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Jennifer Anne Smith Sells 6,558 Shares

Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Jennifer Anne Smith sold 6,558 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was 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 $1,215,712.80. The trade was a 25.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Zions Bancorporation, N.A. Stock Down 0.2%

NASDAQ:ZION opened at $65.16 on Tuesday. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $66.18. The stock has a 50-day moving average price of $59.49 and a two-hundred day moving average price of $56.08. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 10.86 and a beta of 0.85. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.

Zions Bancorporation, N.A. Dividend Announcement

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 paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis 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 presently 30.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America raised shares of Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $59.00 to $62.00 in a research report on Thursday, October 23rd. Citigroup upped their target price on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Piper Sandler lifted their price target on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Jefferies Financial Group raised Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $55.00 to $60.00 in a research report on Wednesday, November 19th. Finally, Stephens increased their price objective on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. One investment 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.32.

Institutional Trading of Zions Bancorporation, N.A.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in Zions Bancorporation, N.A. by 76.3% in the first quarter. Royal Bank of Canada now owns 137,434 shares of the bank’s stock valued at $6,853,000 after purchasing an additional 59,483 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Zions Bancorporation, N.A. by 18.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,960 shares of the bank’s stock valued at $2,042,000 after buying an additional 6,393 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Zions Bancorporation, N.A. by 0.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 504,860 shares of the bank’s stock valued at $25,172,000 after buying an additional 2,659 shares in the last quarter. Focus Partners Wealth increased its holdings in Zions Bancorporation, N.A. by 91.7% during the first quarter. Focus Partners Wealth now owns 21,502 shares of the bank’s stock worth $1,072,000 after buying an additional 10,283 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Zions Bancorporation, N.A. during the second quarter worth $65,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Company Profile

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.