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

Zions Bancorporation, N.A. (NASDAQ:ZION) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 4,615,386 shares, a drop of 13.4% from the January 29th total of 5,328,717 shares. Currently, 3.2% of the shares of the company are sold short. Based on an average trading volume of 2,254,665 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 2,254,665 shares, the days-to-cover ratio is currently 2.0 days. Currently, 3.2% of the shares of the company are sold short.

Insider Buying and Selling at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Steven Dan Stephens sold 15,476 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $65.90, for a total value of $1,019,868.40. Following the transaction, the executive vice president owned 41,127 shares of the company’s stock, valued at approximately $2,710,269.30. The trade was a 27.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Harris H. Simmons acquired 4,500 shares of Zions Bancorporation, N.A. stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $59.03 per share, with a total value of $265,635.00. Following the purchase, the chief executive officer directly owned 1,317,493 shares in the company, valued at approximately $77,771,611.79. This trade represents a 0.34% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 55,581 shares of company stock valued at $3,498,774 in the last ninety days. 1.77% of the stock is owned by corporate insiders.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in Zions Bancorporation, N.A. by 76.3% during the 1st quarter. Royal Bank of Canada now owns 137,434 shares of the bank’s stock worth $6,853,000 after acquiring an additional 59,483 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Zions Bancorporation, N.A. by 18.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,960 shares of the bank’s stock worth $2,042,000 after buying an additional 6,393 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 worth $25,172,000 after buying an additional 2,659 shares in the last quarter. Focus Partners Wealth boosted its stake 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 valued at $1,072,000 after buying an additional 10,283 shares during the period. Finally, Hantz Financial Services Inc. grew its position in Zions Bancorporation, N.A. by 41,560.0% during the second quarter. Hantz Financial Services Inc. now owns 2,083 shares of the bank’s stock worth $108,000 after buying an additional 2,078 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, N.A. Trading Down 0.8%

NASDAQ:ZION opened at $57.65 on Wednesday. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $66.18. The stock’s fifty day moving average price is $60.39 and its two-hundred day moving average price is $56.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market cap of $8.53 billion, a P/E ratio of 9.61 and a beta of 0.83.

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 issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, February 12th. Zions Bancorporation, N.A.’s payout ratio is presently 30.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ZION. Stephens increased their target price on shares of 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. Morgan Stanley upgraded Zions Bancorporation, N.A. from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $75.00 in a research note on Monday. TD Cowen raised their target price on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Piper Sandler boosted their target price 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. Finally, JPMorgan Chase & Co. upped their price target on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $63.58.

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.