Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) EVP Rebecca K. Robinson sold 5,291 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the transaction, the executive vice president now owns 22,238 shares of the company's stock, valued at approximately $970,911.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Zions Bancorporation, National Association Stock Up 0.2 %
ZION stock opened at $43.70 on Tuesday. Zions Bancorporation, National Association has a fifty-two week low of $21.96 and a fifty-two week high of $46.15. The business's 50-day moving average is $41.10 and its two-hundred day moving average is $39.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 10.98 and a beta of 1.13.
Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $747.21 million. During the same period last year, the business earned $1.33 EPS. As a group, analysts forecast that Zions Bancorporation, National Association will post 4.38 earnings per share for the current year.
Zions Bancorporation, National Association Dividend Announcement
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Wednesday, May 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is currently 41.21%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on ZION shares. Compass Point reiterated a "neutral" rating on shares of Zions Bancorporation, National Association in a report on Monday, January 8th. Evercore ISI increased their price objective on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. Truist Financial reissued a "hold" rating and issued a $46.00 target price on shares of Zions Bancorporation, National Association in a research note on Monday, April 1st. Jefferies Financial Group cut their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a "hold" rating on the stock in a research note on Monday, April 8th. Finally, Morgan Stanley increased their target price on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of "Hold" and a consensus target price of $43.16.
Get Our Latest Stock Report on Zions Bancorporation, National Association
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of Zions Bancorporation, National Association by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank's stock worth $220,077,000 after buying an additional 927,899 shares during the period. Invesco Ltd. raised its stake in Zions Bancorporation, National Association by 1.4% during the 3rd quarter. Invesco Ltd. now owns 3,973,319 shares of the bank's stock valued at $138,629,000 after purchasing an additional 53,859 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Zions Bancorporation, National Association by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,746,184 shares of the bank's stock valued at $164,345,000 after purchasing an additional 27,934 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in Zions Bancorporation, National Association by 16.9% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,326,970 shares of the bank's stock valued at $81,188,000 after purchasing an additional 336,893 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Zions Bancorporation, National Association by 119.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank's stock valued at $101,396,000 after purchasing an additional 1,259,571 shares during the period. Institutional investors own 76.84% of the company's stock.
About Zions Bancorporation, National Association
(
Get Free Report)
Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.
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