Key Points
- CEO Harris Simmons purchased 4,500 shares on Feb 24 at an average price of $59.03, a $265,635 transaction that raised his holdings to 1,317,493 shares (a 0.34% increase).
- Zions recently paid a quarterly dividend of $0.45 per share (annualized $1.80), implying a 2.9% yield and a ~30% payout ratio.
- The stock traded around $61.39 (up ~1.6%), with a market cap of $9.06B and a consensus analyst rating of Hold and a $63.32 average target price.
Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) CEO Harris Simmons acquired 4,500 shares of the stock in a transaction on Tuesday, February 24th. The stock was bought at an average cost of $59.03 per share, with a total value of $265,635.00. Following the completion of the transaction, the chief executive officer owned 1,317,493 shares in the company, valued at $77,771,611.79. This trade represents a 0.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Zions Bancorporation, N.A. Trading Up 1.6%
Shares of NASDAQ ZION traded up $0.99 during trading hours on Thursday, reaching $61.39. The stock had a trading volume of 177,742 shares, compared to its average volume of 1,927,681. The business's fifty day moving average price is $60.48 and its two-hundred day moving average price is $56.74. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 10.23 and a beta of 0.85. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $66.18. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.
Zions Bancorporation, N.A. Announces Dividend
The firm 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 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, February 12th. Zions Bancorporation, N.A.'s dividend payout ratio is presently 30.00%.
Institutional Trading of Zions Bancorporation, N.A.
Several hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its position in shares of Zions Bancorporation, N.A. by 6.4% during 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 raised its stake in Zions Bancorporation, N.A. by 4.5% in the second quarter. LSV Asset Management now owns 3,960,132 shares of the bank's stock valued at $205,689,000 after buying an additional 169,085 shares in the last quarter. Bailard Inc. purchased a new stake in Zions Bancorporation, N.A. during the 3rd quarter worth about $487,000. Jupiter Asset Management Ltd. acquired a new position in shares of Zions Bancorporation, N.A. during the 3rd quarter worth about $934,000. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Zions Bancorporation, N.A. during the 2nd quarter worth about $452,000. Hedge funds and other institutional investors own 76.84% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have commented on ZION shares. Royal Bank Of Canada lifted their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 21st. Robert W. Baird downgraded Zions Bancorporation, N.A. from an "outperform" rating to a "neutral" rating and set a $65.00 price target on the stock. in a research report on Monday, February 9th. Piper Sandler upped their target price on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 21st. 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. Finally, Citigroup upped their price objective on Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued 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 currently has an average rating of "Hold" and a consensus target price of $63.32.
Check Out Our Latest Stock Report on Zions Bancorporation, N.A.
Zions Bancorporation, N.A. Company Profile
(
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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