Zions Bancorporation, N.A. (NASDAQ:ZION) Short Interest Update

Zions Bancorporation, N.A. (NASDAQ:ZION) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 5,328,717 shares, a decrease of 16.8% from the January 15th total of 6,403,392 shares. Based on an average daily volume of 2,258,824 shares, the days-to-cover ratio is currently 2.4 days. Approximately 3.7% of the company’s shares are sold short. Approximately 3.7% of the company’s shares are sold short. Based on an average daily volume of 2,258,824 shares, the days-to-cover ratio is currently 2.4 days.

Insiders Place Their Bets

In other news, EVP Jennifer Anne Smith sold 6,558 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $64.80, for a total transaction of $424,958.40. Following the completion of the sale, the executive vice president directly owned 18,761 shares of the company’s stock, valued at approximately $1,215,712.80. The trade was a 25.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Scott J. Mclean sold 28,980 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $61.15, for a total transaction of $1,772,127.00. Following the completion of the transaction, the president directly owned 82,250 shares in the company, valued at $5,029,587.50. This represents a 26.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 53,302 shares of company stock valued at $3,356,517 over the last quarter. Corporate insiders own 1.77% of the company’s stock.

Institutional Trading of Zions Bancorporation, N.A.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its position in Zions Bancorporation, N.A. by 17.1% during the 4th quarter. Signaturefd LLC now owns 1,192 shares of the bank’s stock valued at $70,000 after buying an additional 174 shares in the last quarter. C M Bidwell & Associates Ltd. grew its stake in shares of Zions Bancorporation, N.A. by 13.5% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 1,555 shares of the bank’s stock worth $91,000 after acquiring an additional 185 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Zions Bancorporation, N.A. by 2.7% during the third quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock valued at $424,000 after acquiring an additional 200 shares in the last quarter. Alta Capital Management LLC increased its holdings in shares of Zions Bancorporation, N.A. by 0.7% during the fourth quarter. Alta Capital Management LLC now owns 27,838 shares of the bank’s stock valued at $1,630,000 after acquiring an additional 203 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Zions Bancorporation, N.A. by 7.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,926 shares of the bank’s stock valued at $152,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Trading Up 0.4%

ZION opened at $61.53 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 10.26 and a beta of 0.85. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $66.18. The stock has a fifty day moving average price of $60.28 and a 200-day moving average price of $56.40.

Zions Bancorporation, N.A. Announces Dividend

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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.9%. The ex-dividend date 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 topic of a number of research reports. Robert W. Baird lowered shares of Zions Bancorporation, N.A. from an “outperform” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Monday, February 9th. Truist Financial raised their price objective on Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the stock a “hold” rating in a 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 company a “hold” rating in a research report on Wednesday, January 21st. Stephens upped their target price 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. Finally, Bank of America upgraded Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and raised their price target for the company from $59.00 to $62.00 in a research note on Thursday, October 23rd. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.32.

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.