Zions Bancorporation, National Association (NASDAQ:ZION) EVP Jennifer Anne Smith Sells 3,605 Shares

Zions Bancorporation, National Association (NASDAQ:ZION) EVP Jennifer Anne Smith sold 3,605 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $209,306.30. Following the transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at approximately $1,434,894.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Jennifer Anne Smith also recently made the following trade(s):

• On Wednesday, October 30th, Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock. The stock was sold at an average price of $53.46, for a total value of $234,422.10.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION opened at $59.69 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $8.82 billion, a PE ratio of 13.60, a P/E/G ratio of 5.35 and a beta of 1.07. The stock has a fifty day moving average price of $49.63 and a 200 day moving average price of $46.73. Zions Bancorporation, National Association has a 1-year low of $32.24 and a 1-year high of $61.08.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $781.63 million. During the same quarter last year, the business earned $1.13 EPS. Sell-side analysts forecast that Zions Bancorporation, National Association will post 4.82 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s payout ratio is currently 37.36%.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Large investors have recently modified their holdings of the business. CVA Family Office LLC boosted its stake in shares of Zions Bancorporation, National Association by 0.9% in the third quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock valued at $1,191,000 after buying an additional 217 shares in the last quarter. Strategic Advocates LLC boosted its position in shares of Zions Bancorporation, National Association by 6.1% during the 2nd quarter. Strategic Advocates LLC now owns 5,149 shares of the bank’s stock worth $223,000 after purchasing an additional 296 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in shares of Zions Bancorporation, National Association by 26.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock worth $61,000 after purchasing an additional 296 shares during the period. Centaurus Financial Inc. increased its holdings in shares of Zions Bancorporation, National Association by 8.3% in the 2nd quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock valued at $170,000 after purchasing an additional 299 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Zions Bancorporation, National Association by 1.2% in the second quarter. Sequoia Financial Advisors LLC now owns 27,063 shares of the bank’s stock valued at $1,174,000 after purchasing an additional 327 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZION. Evercore ISI increased their price target on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wolfe Research raised shares of Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group reduced their price target on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. Keefe, Bruyette & Woods raised their price objective on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, Compass Point lifted their target price on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and a consensus target price of $53.12.

About Zions Bancorporation, National Association

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.