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

Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Steven Dan Stephens sold 15,476 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 41,127 shares of the company’s stock, valued at approximately $2,710,269.30. This trade represents a 27.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Zions Bancorporation, N.A. Trading Down 0.2%

Shares of Zions Bancorporation, N.A. stock traded down $0.13 during trading hours on Monday, hitting $65.16. The company’s stock had a trading volume of 1,969,950 shares, compared to its average volume of 1,948,340. The firm has a fifty day moving average of $59.27 and a 200-day moving average of $56.01. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 10.86 and a beta of 0.85. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $66.18.

Zions Bancorporation, N.A. Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Citigroup raised their price target on Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Barclays boosted their price objective on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the company an “underweight” rating in a report on Monday, January 5th. Stephens increased their target price on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lifted their target price on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company 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 given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Zions Bancorporation, N.A. currently has an average rating of “Hold” and an average price target of $63.32.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Zions Bancorporation, N.A. by 3.1% in the second quarter. Vanguard Group Inc. now owns 19,308,327 shares of the bank’s stock worth $1,002,875,000 after acquiring an additional 582,392 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Zions Bancorporation, N.A. by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,343,076 shares of the bank’s stock valued at $415,474,000 after purchasing an additional 30,552 shares in the last quarter. LSV Asset Management lifted its position in shares of Zions Bancorporation, N.A. by 4.5% during the 2nd quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock worth $205,689,000 after purchasing an additional 169,085 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Zions Bancorporation, N.A. by 14.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 3,244,014 shares of the bank’s stock worth $183,546,000 after purchasing an additional 409,065 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Zions Bancorporation, N.A. by 31.6% in the third quarter. AQR Capital Management LLC now owns 2,963,545 shares of the bank’s stock valued at $167,677,000 after buying an additional 711,218 shares during the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

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.