Zions Bancorporation, National Association (NASDAQ:ZION) VP Eric Ellingsen Sells 1,238 Shares

Zions Bancorporation, National Association (NASDAQ:ZION) VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the sale, the vice president now directly owns 35,878 shares of the company’s stock, valued at $2,182,817.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Zions Bancorporation, National Association Price Performance

ZION opened at $60.21 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. Zions Bancorporation, National Association has a 1-year low of $33.66 and a 1-year high of $61.80. The company has a 50-day moving average of $49.88 and a 200-day moving average of $46.83. The company has a market capitalization of $8.89 billion, a P/E ratio of 13.72, a PEG ratio of 5.28 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. During the same period in the previous year, the company earned $1.13 earnings per share. Equities analysts expect that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, November 14th. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.86%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 37.36%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of Zions Bancorporation, National Association from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Evercore ISI increased their price objective on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Stephens lifted their target price on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada upped their price target on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $53.12.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of hedge funds have recently added to or reduced their stakes in ZION. Dimensional Fund Advisors LP lifted its position in shares of Zions Bancorporation, National Association by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock worth $271,003,000 after buying an additional 929,251 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Zions Bancorporation, National Association by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank’s stock worth $221,367,000 after acquiring an additional 140,084 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Zions Bancorporation, National Association by 25.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock valued at $126,762,000 after acquiring an additional 538,049 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Zions Bancorporation, National Association by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank’s stock valued at $74,784,000 after purchasing an additional 5,609 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of Zions Bancorporation, National Association by 9.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 1,019,182 shares of the bank’s stock worth $44,202,000 after purchasing an additional 90,234 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.