Zions Bancorporation, National Association (NASDAQ:ZION) SVP Purchases $100,900.00 in Stock

Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) SVP James R. Abbott purchased 2,000 shares of Zions Bancorporation, National Association stock in a transaction dated Thursday, November 17th. The stock was bought at an average price of $50.45 per share, for a total transaction of $100,900.00. Following the completion of the purchase, the senior vice president now owns 79,918 shares in the company, valued at approximately $4,031,863.10. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Zions Bancorporation, National Association Stock Down 0.2 %

Zions Bancorporation, National Association stock opened at $50.68 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.72 and a current ratio of 0.72. Zions Bancorporation, National Association has a 52-week low of $46.58 and a 52-week high of $75.44. The firm has a 50 day moving average price of $52.39 and a two-hundred day moving average price of $53.56. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 1.84 and a beta of 1.18.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) last released its quarterly earnings results on Monday, October 24th. The bank reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.18). The firm had revenue of $838.00 million for the quarter, compared to the consensus estimate of $816.01 million. Zions Bancorporation, National Association had a return on equity of 14.98% and a net margin of 26.92%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. Equities analysts predict that Zions Bancorporation, National Association will post 5.63 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Thursday, November 10th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Wednesday, November 9th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 30.94%.

Zions Bancorporation, National Association announced that its Board of Directors has approved a stock repurchase program on Friday, July 29th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the bank to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Zions Bancorporation, National Association

Several large investors have recently modified their holdings of ZION. First Horizon Advisors Inc. grew its position in shares of Zions Bancorporation, National Association by 111.9% during the 1st quarter. First Horizon Advisors Inc. now owns 445 shares of the bank’s stock worth $29,000 after buying an additional 235 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth approximately $29,000. Private Trust Co. NA acquired a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth approximately $29,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Zions Bancorporation, National Association in the 1st quarter valued at $32,000. Finally, Ellevest Inc. grew its position in Zions Bancorporation, National Association by 67.0% in the 2nd quarter. Ellevest Inc. now owns 653 shares of the bank’s stock valued at $33,000 after purchasing an additional 262 shares during the period. Institutional investors and hedge funds own 81.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ZION shares. Wells Fargo & Company reduced their price target on shares of Zions Bancorporation, National Association from $66.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 25th. Barclays dropped their price objective on shares of Zions Bancorporation, National Association from $71.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, October 25th. DA Davidson dropped their price objective on shares of Zions Bancorporation, National Association from $61.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, October 25th. Wedbush dropped their price objective on shares of Zions Bancorporation, National Association from $61.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, October 25th. Finally, Keefe, Bruyette & Woods lowered shares of Zions Bancorporation, National Association from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $77.00 to $72.00 in a report on Thursday, October 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.31.

About Zions Bancorporation, National Association

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Zions Bancorporation NA is a bank holding company, which engages in the provision of full banking and related services. It operates through the following segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington.

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