Key Points
- EVP Steven Dan Stephens sold 15,476 shares at an average price of $65.90 for a total of $1,019,868.40, leaving him with 41,127 shares (a 27.34% reduction in his position).
- Zions declared a quarterly dividend of $0.45 per share (payable Feb 19, record/ex-dividend date Feb 12), equal to an annualized $1.80 and a ~2.8% yield with a 30% payout ratio.
- The stock is trading near its 12‑month high (~$66.18) with a market cap of $9.62B and a P/E of 10.86; analysts have a consensus rating of "Hold" and an average price target of $63.32.
Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) 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 transaction of $424,958.40. Following the completion of the sale, the executive vice president owned 18,761 shares of the company's stock, valued at $1,215,712.80. This trade represents a 25.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Zions Bancorporation, N.A. Price Performance
Shares of NASDAQ ZION opened at $65.16 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.21. The business's 50 day moving average price is $59.49 and its two-hundred day moving average price is $56.08. The company has a market cap of $9.62 billion, a PE ratio of 10.86 and a beta of 0.85. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $66.18.
Zions Bancorporation, N.A. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.80 annualized dividend and a yield of 2.8%. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is currently 30.00%.
Institutional Trading of Zions Bancorporation, N.A.
A number of institutional investors have recently modified their holdings of ZION. Geode Capital Management LLC increased its position in shares of Zions Bancorporation, N.A. by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 2,963,243 shares of the bank's stock worth $173,501,000 after purchasing an additional 30,881 shares during the period. Westover Capital Advisors LLC bought a new stake in Zions Bancorporation, N.A. during the fourth quarter worth about $205,000. Clearstead Advisors LLC grew its stake in Zions Bancorporation, N.A. by 3.5% during the fourth quarter. Clearstead Advisors LLC now owns 8,988 shares of the bank's stock worth $526,000 after buying an additional 308 shares in the last quarter. Narus Financial Partners LLC bought a new position in Zions Bancorporation, N.A. in the 4th quarter valued at about $202,000. Finally, LSV Asset Management raised its position in shares of Zions Bancorporation, N.A. by 1.3% in the 4th quarter. LSV Asset Management now owns 3,888,064 shares of the bank's stock valued at $227,607,000 after buying an additional 48,346 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on ZION shares. 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 company from $59.00 to $62.00 in a research report on Thursday, October 23rd. Stephens raised their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 21st. UBS Group decreased their target price 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. Weiss Ratings raised Zions Bancorporation, N.A. from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price target on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a "neutral" rating in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Zions Bancorporation, N.A. has an average rating of "Hold" and an average price target of $63.32.
Check Out Our Latest Research Report on Zions Bancorporation, N.A.
About Zions Bancorporation, N.A.
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
