Key Points
- EVP Jennifer Anne Smith sold 2,089 shares of Zions on Feb. 18 at an average price of $62.48 for $130,520.72, leaving her with 22,733 shares (an 8.42% reduction in her position).
- Zions announced a quarterly dividend of $0.45 per share (paid Feb. 19), equivalent to $1.80 annually and a 2.9% yield with a 30% payout ratio.
- The stock traded around $61.35 (down 0.2%), the company has a market cap of $9.06B and a PE of 10.25, and analysts have a consensus rating of Hold with an average price target of $63.32.
Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) EVP Jennifer Anne Smith sold 2,089 shares of Zions Bancorporation, N.A. stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $62.48, for a total transaction of $130,520.72. Following the completion of the transaction, the executive vice president directly owned 22,733 shares in the company, valued at $1,420,357.84. This represents a 8.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jennifer Anne Smith also recently made the following trade(s):
- On Friday, February 6th, Jennifer Anne Smith sold 6,558 shares of Zions Bancorporation, N.A. stock. The stock was sold at an average price of $64.80, for a total transaction of $424,958.40.
Zions Bancorporation, N.A. Stock Down 0.2%
Shares of Zions Bancorporation, N.A. stock traded down $0.13 on Friday, hitting $61.35. 443,460 shares of the company traded hands, compared to its average volume of 1,933,027. 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 company has a market cap of $9.06 billion, a PE ratio of 10.25 and a beta of 0.85. Zions Bancorporation, N.A. has a 12-month low of $39.32 and a 12-month high of $66.18. The company has a 50-day moving average price of $60.39 and a 200 day moving average price of $56.48.
Zions Bancorporation, N.A. Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, February 12th. This represents a $1.80 annualized dividend and a dividend yield of 2.9%. Zions Bancorporation, N.A.'s payout ratio is presently 30.00%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and lifted their target price for the company from $55.00 to $60.00 in a research note on Wednesday, November 19th. JPMorgan Chase & Co. lifted their price objective on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 16th. TD Cowen upped their target price on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a "hold" rating in a research note on Wednesday, January 21st. Piper Sandler raised their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock a "neutral" rating in a report on Wednesday, January 21st. Finally, Stephens raised their price target on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 21st. One equities research 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 given a Sell rating to the company's stock. Based on data from MarketBeat, Zions Bancorporation, N.A. presently has a consensus rating of "Hold" and an average price target of $63.32.
Check Out Our Latest Report on Zions Bancorporation, N.A.
Hedge Funds Weigh In On Zions Bancorporation, N.A.
Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. raised its position in shares of Zions Bancorporation, N.A. by 8.6% during the fourth quarter. Invesco Ltd. now owns 1,756,280 shares of the bank's stock worth $102,813,000 after acquiring an additional 139,731 shares during the last quarter. Michels Family Financial LLC grew its position in Zions Bancorporation, N.A. by 1.5% in the 4th quarter. Michels Family Financial LLC now owns 12,142 shares of the bank's stock valued at $711,000 after purchasing an additional 185 shares during the period. Corient Private Wealth LLC increased its position in shares of Zions Bancorporation, N.A. by 88.7% during the fourth quarter. Corient Private Wealth LLC now owns 253,217 shares of the bank's stock worth $14,823,000 after acquiring an additional 118,999 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new stake in Zions Bancorporation, N.A. in the 4th quarter valued at $227,000. Finally, State of Tennessee Department of Treasury boosted its holdings in Zions Bancorporation, N.A. by 7.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 63,886 shares of the bank's stock worth $3,827,000 after purchasing an additional 4,247 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company's stock.
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.
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