Zions Bancorporation, National Association (NASDAQ:ZION) VP Sells $75,319.92 in Stock

Zions Bancorporation, National Association (NASDAQ:ZION) VP Eric Ellingsen sold 1,238 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the transaction, the vice president now owns 35,878 shares of the company’s stock, valued at $2,182,817.52. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zions Bancorporation, National Association Stock Performance

Shares of ZION opened at $59.60 on Friday. The firm has a market cap of $8.80 billion, a PE ratio of 13.58, a PEG ratio of 5.33 and a beta of 1.07. The stock’s fifty day moving average price is $50.15 and its two-hundred day moving average price is $46.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. Zions Bancorporation, National Association has a 1 year low of $33.66 and a 1 year high of $61.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned $1.13 earnings per share. On average, equities research analysts forecast that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders 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 dividend yield of 2.89%. Zions Bancorporation, National Association’s payout ratio is 37.36%.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Hedge funds have recently made changes to their positions in the stock. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association during the third quarter worth about $28,000. ORG Partners LLC purchased a new position in shares of Zions Bancorporation, National Association in the 2nd quarter worth about $33,000. International Assets Investment Management LLC purchased a new position in shares of Zions Bancorporation, National Association in the 2nd quarter worth about $34,000. Rothschild Investment LLC purchased a new position in shares of Zions Bancorporation, National Association in the 2nd quarter worth about $39,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in shares of Zions Bancorporation, National Association by 49.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock worth $49,000 after purchasing an additional 372 shares in the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ZION. 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 research report on Tuesday, October 22nd. Jefferies Financial Group decreased their target price on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, September 11th. Compass Point raised their target price on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Argus cut Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Robert W. Baird raised their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of “Hold” and a consensus price target of $53.12.

Zions Bancorporation, National Association Company Profile

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.