Rebecca K. Robinson Sells 5,291 Shares of Zions Bancorporation, National Association (NASDAQ:ZION) Stock

Zions Bancorporation, National Association (NASDAQ:ZION) EVP Rebecca K. Robinson sold 5,291 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the completion of the sale, the executive vice president now directly owns 22,238 shares in the company, valued at $970,911.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Zions Bancorporation, National Association Price Performance

Shares of Zions Bancorporation, National Association stock opened at $43.81 on Wednesday. The company’s fifty day simple moving average is $41.31 and its two-hundred day simple moving average is $39.81. Zions Bancorporation, National Association has a 12-month low of $21.96 and a 12-month high of $46.15. The firm has a market cap of $6.47 billion, a PE ratio of 11.01 and a beta of 1.13. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $747.21 million. During the same period in the previous year, the business earned $1.33 earnings per share. As a group, equities analysts expect that Zions Bancorporation, National Association will post 4.38 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared 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. This represents a $1.64 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Wednesday, May 15th. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 1st quarter worth about $27,000. Federated Hermes Inc. lifted its position in shares of Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after purchasing an additional 331 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of Zions Bancorporation, National Association in the 4th quarter worth about $29,000. Quarry LP purchased a new stake in shares of Zions Bancorporation, National Association in the 4th quarter worth about $49,000. Finally, American Capital Advisory LLC lifted its position in shares of Zions Bancorporation, National Association by 58.5% in the 1st quarter. American Capital Advisory LLC now owns 1,328 shares of the bank’s stock worth $58,000 after purchasing an additional 490 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ZION shares. UBS Group lowered their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, April 23rd. Wedbush lowered their price target on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Tuesday, January 23rd. Royal Bank of Canada upped 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. JPMorgan Chase & Co. upped their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Finally, Stephens upped their price objective on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 23rd. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and a consensus price target of $43.16.

Zions Bancorporation, National Association Company Profile

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.