Zions Bancorporation, National Association (NASDAQ:ZION) VP Eric Ellingsen Sells 1,238 Shares

Zions Bancorporation, National Association (NASDAQ:ZION) VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the sale, the vice president now directly owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Zions Bancorporation, National Association Stock Performance

Zions Bancorporation, National Association stock opened at $59.60 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $8.80 billion, a P/E ratio of 13.58, a PEG ratio of 5.33 and a beta of 1.07. The stock’s 50 day moving average is $50.15 and its 200 day moving average is $46.92. Zions Bancorporation, National Association has a twelve month low of $33.66 and a twelve month high of $61.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same quarter in the prior year, the business posted $1.13 EPS. On average, equities research analysts predict that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be given a $0.43 dividend. The ex-dividend date is Thursday, November 14th. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.89%. Zions Bancorporation, National Association’s dividend payout ratio is 37.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Compass Point boosted their target price on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Barclays upped their price target on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an “underweight” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price target on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. StockNews.com raised Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Evercore ISI upped their price target on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. One 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $53.12.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZION. ORG Wealth Partners LLC bought a new position in Zions Bancorporation, National Association in the 3rd quarter valued at approximately $28,000. ORG Partners LLC bought a new position in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $33,000. International Assets Investment Management LLC bought a new position in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $34,000. Rothschild Investment LLC bought a new position in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $39,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 49.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock valued at $49,000 after buying an additional 372 shares during the period. 76.84% of the stock is owned by institutional investors.

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.