Insider Selling: Zions Bancorporation, N.A. (NASDAQ:ZION) President Sells $1,772,127.00 in Stock

Zions Bancorporation, N.A. (NASDAQ:ZION) President Scott Mclean sold 28,980 shares of Zions Bancorporation, N.A. stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $61.15, for a total transaction of $1,772,127.00. Following the completion of the sale, the president directly owned 82,250 shares of the company’s stock, valued at approximately $5,029,587.50. This trade represents a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION opened at $64.12 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a 50-day moving average of $59.03 and a 200-day moving average of $55.96. The company has a market cap of $9.47 billion, a PE ratio of 10.69 and a beta of 0.85. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $64.87.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 12th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.80 annualized dividend and a yield of 2.8%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is presently 30.00%.

Analysts Set New Price Targets

Several research firms have recently commented on ZION. Truist Financial boosted their target price on shares of Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Stephens boosted their price objective on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Barclays increased their price objective on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the stock an “underweight” rating in a research note on Monday, January 5th. Weiss Ratings raised Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Royal Bank Of Canada increased their price target on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Zions Bancorporation, N.A. presently has a consensus rating of “Hold” and an average price target of $63.32.

Institutional Trading of Zions Bancorporation, N.A.

A number of hedge funds have recently bought and sold shares of ZION. Traub Capital Management LLC bought a new position in Zions Bancorporation, N.A. in the 2nd quarter valued at $31,000. Torren Management LLC purchased a new position in shares of Zions Bancorporation, N.A. in the 4th quarter worth about $32,000. Assetmark Inc. grew its position in Zions Bancorporation, N.A. by 75.3% during the second quarter. Assetmark Inc. now owns 673 shares of the bank’s stock valued at $35,000 after buying an additional 289 shares during the period. Community Bank N.A. bought a new position in Zions Bancorporation, N.A. during the third quarter valued at about $36,000. Finally, Steph & Co. purchased a new stake in Zions Bancorporation, N.A. during the third quarter worth about $37,000. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, N.A. Company Profile

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.