Jason D. Arbuckle Sells 358 Shares of Zions Bancorporation, National Association (NASDAQ:ZION) Stock

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) SVP Jason D. Arbuckle sold 358 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $44.83, for a total transaction of $16,049.14. Following the completion of the transaction, the senior vice president now directly owns 1,681 shares of the company’s stock, valued at approximately $75,359.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Zions Bancorporation, National Association Stock Performance

Shares of ZION stock opened at $44.96 on Friday. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 11.30 and a beta of 1.13. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82. The business has a fifty day moving average of $42.00 and a 200 day moving average of $40.49. Zions Bancorporation, National Association has a 1 year low of $25.77 and a 1 year high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last issued its earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $747.21 million. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. During the same quarter last year, the business earned $1.33 EPS. As a group, research analysts expect that Zions Bancorporation, National Association will post 4.37 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be paid a $0.41 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.64 dividend on an annualized basis and a yield of 3.65%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 41.21%.

Analyst Upgrades and Downgrades

ZION has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. increased their price target on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Royal Bank of Canada lifted their price objective on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 23rd. Stephens increased their target price on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 23rd. Finally, Robert W. Baird cut their price target on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.16.

Check Out Our Latest Research Report on Zions Bancorporation, National Association

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of institutional investors have recently modified their holdings of the stock. CVA Family Office LLC raised its stake in shares of Zions Bancorporation, National Association by 1.0% during the 1st quarter. CVA Family Office LLC now owns 24,783 shares of the bank’s stock valued at $1,076,000 after buying an additional 245 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Zions Bancorporation, National Association by 1.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 22,288 shares of the bank’s stock valued at $978,000 after buying an additional 286 shares during the last quarter. Yousif Capital Management LLC raised its stake in shares of Zions Bancorporation, National Association by 1.2% during the 4th quarter. Yousif Capital Management LLC now owns 26,161 shares of the bank’s stock valued at $1,148,000 after buying an additional 310 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Zions Bancorporation, National Association by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank’s stock valued at $2,229,000 after buying an additional 330 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after buying an additional 331 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

About Zions Bancorporation, National Association

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Zions Bancorporation, National Association (NASDAQ:ZION)

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