Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Steven Dan Stephens Sells 15,476 Shares of Stock

Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Steven Dan Stephens sold 15,476 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $65.90, for a total value of $1,019,868.40. Following the completion of the transaction, the executive vice president directly owned 41,127 shares in the company, valued at $2,710,269.30. The trade was a 27.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Zions Bancorporation, N.A. Price Performance

ZION opened at $65.16 on Tuesday. 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 market capitalization of $9.62 billion, a P/E ratio of 10.86 and a beta of 0.85. The company’s 50 day simple moving average is $59.49 and its 200-day simple moving average is $56.08. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $66.18.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th will be issued a $0.45 dividend. The ex-dividend date 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 30.00%.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its stake in Zions Bancorporation, N.A. by 76.3% in the 1st quarter. Royal Bank of Canada now owns 137,434 shares of the bank’s stock worth $6,853,000 after purchasing an additional 59,483 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Zions Bancorporation, N.A. by 18.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,960 shares of the bank’s stock worth $2,042,000 after purchasing an additional 6,393 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Zions Bancorporation, N.A. by 0.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 504,860 shares of the bank’s stock valued at $25,172,000 after buying an additional 2,659 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Zions Bancorporation, N.A. by 91.7% in the first quarter. Focus Partners Wealth now owns 21,502 shares of the bank’s stock valued at $1,072,000 after buying an additional 10,283 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Zions Bancorporation, N.A. during the second quarter worth approximately $65,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ZION. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and upped their price objective for the company from $55.00 to $60.00 in a research report on Wednesday, November 19th. Barclays increased their price target on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the stock an “underweight” rating in a report on Monday, January 5th. Robert W. Baird cut Zions Bancorporation, N.A. from an “outperform” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a report on Monday. Stephens boosted their price objective on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Finally, Piper Sandler increased their target price on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.32.

About Zions Bancorporation, N.A.

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.