Zions Bancorporation, N.A. (NASDAQ:ZION) Short Interest Update

Zions Bancorporation, N.A. (NASDAQ:ZION) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 5,328,717 shares, a decline of 16.8% from the January 15th total of 6,403,392 shares. Approximately 3.7% of the shares of the company are short sold. Based on an average daily trading volume, of 2,258,824 shares, the short-interest ratio is currently 2.4 days. Based on an average daily trading volume, of 2,258,824 shares, the short-interest ratio is currently 2.4 days. Approximately 3.7% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ZION. UBS Group decreased their target price on shares of Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Robert W. Baird cut shares of Zions Bancorporation, N.A. from an “outperform” rating to a “neutral” rating and set a $65.00 price objective for the company. in a report on Monday, February 9th. Evercore boosted their target price on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. Bank of America raised Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and increased their price target for the company from $59.00 to $62.00 in a research note on Thursday, October 23rd. Finally, Stephens lifted their price target on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company an “equal weight” rating in a research 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $63.32.

Zions Bancorporation, N.A. Trading Up 1.8%

Zions Bancorporation, N.A. stock opened at $61.26 on Monday. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 10.21 and a beta of 0.85. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $66.18. The firm’s 50 day moving average price is $60.06 and its two-hundred day moving average price is $56.28. 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. Dividend Announcement

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

Insiders Place Their Bets

In related news, President Scott J. Mclean sold 28,980 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $61.15, for a total value of $1,772,127.00. Following the sale, the president directly owned 82,250 shares in the company, valued at $5,029,587.50. This trade represents a 26.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Eric Ellingsen sold 1,519 shares of Zions Bancorporation, N.A. stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $61.27, for a total value of $93,069.13. Following the sale, the vice president directly owned 40,361 shares in the company, valued at $2,472,918.47. The trade was a 3.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 53,302 shares of company stock worth $3,356,517. 1.77% of the stock is owned by company insiders.

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

Institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB boosted its stake in shares of Zions Bancorporation, N.A. by 15.0% during the 2nd quarter. Nordea Investment Management AB now owns 256,710 shares of the bank’s stock worth $13,349,000 after acquiring an additional 33,449 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Zions Bancorporation, N.A. by 6.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,041,063 shares of the bank’s stock worth $115,483,000 after purchasing an additional 122,815 shares during the last quarter. LSV Asset Management lifted its holdings in Zions Bancorporation, N.A. by 4.5% in the 2nd quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock worth $205,689,000 after purchasing an additional 169,085 shares during the last quarter. Bailard Inc. bought a new stake in Zions Bancorporation, N.A. during the third quarter worth approximately $487,000. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Zions Bancorporation, N.A. during the second quarter worth approximately $452,000. Hedge funds and other institutional investors 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.