Insider Selling: Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Sells 769 Shares of Stock

Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Derek Steward sold 769 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $60.46, for a total transaction of $46,493.74. Following the sale, the executive vice president directly owned 14,307 shares of the company’s stock, valued at $865,001.22. This represents a 5.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zions Bancorporation, N.A. Stock Up 2.2%

Shares of NASDAQ:ZION traded up $1.37 during midday trading on Tuesday, hitting $62.36. The stock had a trading volume of 1,741,387 shares, compared to its average volume of 1,841,168. The company has a market cap of $9.21 billion, a P/E ratio of 10.39 and a beta of 0.85. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $62.49. The business’s 50-day simple moving average is $58.42 and its 200-day simple moving average is $55.81. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.21.

Zions Bancorporation, N.A. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 30.00%.

Analysts Set New Price Targets

ZION has been the subject of several recent analyst reports. Robert W. Baird upgraded shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Friday, October 17th. Truist Financial raised their price objective on Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. TD Cowen lifted their target price on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. Bank of America upgraded Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and increased their price target for the company from $59.00 to $62.00 in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Zions Bancorporation, N.A. has an average rating of “Hold” and a consensus price target of $63.16.

Institutional Trading of Zions Bancorporation, N.A.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in shares of Zions Bancorporation, N.A. during the 4th quarter worth approximately $49,000. Crestwood Advisors Group LLC bought a new stake in shares of Zions Bancorporation, N.A. in the fourth quarter valued at approximately $212,000. Sequoia Financial Advisors LLC boosted its stake in shares of Zions Bancorporation, N.A. by 18.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 92,241 shares of the bank’s stock valued at $5,400,000 after buying an additional 14,401 shares during the period. Gateway Investment Advisers LLC grew its position in Zions Bancorporation, N.A. by 26.0% during the fourth quarter. Gateway Investment Advisers LLC now owns 108,165 shares of the bank’s stock worth $6,332,000 after buying an additional 22,317 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in Zions Bancorporation, N.A. during the 4th quarter worth $201,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.