Key Points
- Jennifer Anne Smith, EVP of Zions, sold 550 shares on May 4 at an average price of $62.96 for $34,628, leaving her with 6,527 shares — a 7.77% reduction in her holdings.
- The board authorized a $225 million share buyback (about 2.4% of outstanding shares) and declared a quarterly dividend of $0.45 per share (annualized $1.80, ~2.8% yield) payable May 21 with an ex‑dividend/record date of May 14.
- Zions reported a quarter-beating EPS of $1.56 versus $1.43 expected and revenue of $859 million, while analysts’ consensus rating is roughly a "Hold" with an average price target near $65.53.
Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) EVP Jennifer Anne Smith sold 550 shares of the company's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $62.96, for a total value of $34,628.00. Following the sale, the executive vice president owned 6,527 shares of the company's stock, valued at approximately $410,939.92. This trade represents a 7.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Jennifer Anne Smith also recently made the following trade(s):
- On Wednesday, February 18th, Jennifer Anne Smith sold 2,089 shares of Zions Bancorporation, N.A. stock. The stock was sold at an average price of $62.48, for a total value of $130,520.72.
- 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 value of $424,958.40.
Zions Bancorporation, N.A. Stock Up 1.4%
Shares of Zions Bancorporation, N.A. stock opened at $63.99 on Thursday. The stock has a market capitalization of $9.41 billion, a P/E ratio of 9.95, a PEG ratio of 2.10 and a beta of 0.83. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average price of $58.77 and a two-hundred day moving average price of $57.67. Zions Bancorporation, N.A. has a 12-month low of $45.24 and a 12-month high of $66.18.
Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its earnings results on Monday, April 20th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.13. The firm had revenue of $859.00 million during the quarter, compared to analysts' expectations of $853.73 million. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.During the same quarter in the prior year, the business earned $1.13 earnings per share. Equities analysts expect that Zions Bancorporation, N.A. will post 6.4 earnings per share for the current year.
Zions Bancorporation, N.A. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, May 14th. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is currently 27.99%.
Zions Bancorporation, N.A. announced that its Board of Directors has initiated a stock buyback plan on Saturday, May 2nd that allows the company to repurchase $225.00 million in outstanding shares. This repurchase authorization allows the bank to purchase up to 2.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Piper Sandler lowered their price target on Zions Bancorporation, N.A. from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, April 2nd. Citigroup boosted their target price on shares of Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 22nd. Truist Financial boosted their target price on shares of Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the stock a "hold" rating in a research report on Tuesday, April 21st. Robert W. Baird boosted their target price on shares of Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 21st. Finally, Barclays boosted their target price on shares of Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $65.53.
Check Out Our Latest Analysis on Zions Bancorporation, N.A.
Hedge Funds Weigh In On Zions Bancorporation, N.A.
Several large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in Zions Bancorporation, N.A. by 5.2% in the 1st quarter. Bessemer Group Inc. now owns 3,159 shares of the bank's stock valued at $182,000 after acquiring an additional 157 shares in the last quarter. Signaturefd LLC raised its holdings in Zions Bancorporation, N.A. by 17.1% in the 4th quarter. Signaturefd LLC now owns 1,192 shares of the bank's stock valued at $70,000 after acquiring an additional 174 shares in the last quarter. Michels Family Financial LLC raised its holdings 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 acquiring an additional 185 shares in the last quarter. C M Bidwell & Associates Ltd. raised its holdings in Zions Bancorporation, N.A. by 13.5% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 1,555 shares of the bank's stock valued at $91,000 after acquiring an additional 185 shares in the last quarter. Finally, Alta Capital Management LLC raised its holdings in Zions Bancorporation, N.A. by 0.7% in the 4th quarter. Alta Capital Management LLC now owns 27,838 shares of the bank's stock valued at $1,630,000 after acquiring an additional 203 shares in 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.
Further Reading
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