Zions Bancorporation, National Association Sees Unusually Large Options Volume (NASDAQ:ZION)

Zions Bancorporation, National Association (NASDAQ:ZION – Get Rating) was the recipient of some unusual options trading activity on Tuesday. Traders bought 19,994 call options on the stock. This represents an increase of approximately 86% compared to the typical daily volume of 10,775 call options.

Zions Bancorporation, National Association Stock Up 4.6 %

ZION stock opened at $29.39 on Wednesday. The firm has a fifty day moving average price of $27.96 and a two-hundred day moving average price of $42.14. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.86 and a quick ratio of 0.86. Zions Bancorporation, National Association has a 1-year low of $18.26 and a 1-year high of $59.75. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 5.02, a PEG ratio of 5.12 and a beta of 1.10.

Zions Bancorporation, National Association (NASDAQ:ZION – Get Rating) last announced its quarterly earnings data on Wednesday, April 19th. The bank reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.18). Zions Bancorporation, National Association had a net margin of 24.41% and a return on equity of 19.48%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $844.33 million. During the same period in the prior year, the company earned $1.27 EPS. Research analysts predict that Zions Bancorporation, National Association will post 5.18 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, May 18th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 5.58%. The ex-dividend date is Wednesday, May 17th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 27.99%.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson acquired 10,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was bought at an average cost of $20.38 per share, for a total transaction of $203,800.00. Following the completion of the purchase, the executive vice president now directly owns 10,360 shares in the company, valued at $211,136.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Rebecca K. Robinson acquired 10,000 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were bought at an average cost of $20.38 per share, with a total value of $203,800.00. Following the completion of the transaction, the executive vice president now directly owns 10,360 shares of the company’s stock, valued at approximately $211,136.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Claire A. Huang bought 18,000 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was bought at an average cost of $20.02 per share, with a total value of $360,360.00. Following the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at $360,360. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 105,000 shares of company stock worth $2,611,040. Company insiders own 1.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. IAG Wealth Partners LLC acquired a new position in shares of Zions Bancorporation, National Association during the first quarter valued at $26,000. Eagle Bay Advisors LLC grew its position in Zions Bancorporation, National Association by 54.8% in the 1st quarter. Eagle Bay Advisors LLC now owns 2,197 shares of the bank’s stock worth $29,000 after purchasing an additional 778 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Zions Bancorporation, National Association in the first quarter valued at approximately $30,000. Spire Wealth Management bought a new stake in shares of Zions Bancorporation, National Association during the first quarter valued at approximately $31,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Zions Bancorporation, National Association during the first quarter worth approximately $35,000. 81.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ZION has been the topic of a number of recent research reports. Piper Sandler reduced their target price on shares of Zions Bancorporation, National Association from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Thursday, April 20th. JPMorgan Chase & Co. raised shares of Zions Bancorporation, National Association from an “underweight” rating to an “overweight” rating and set a $29.00 price objective for the company in a research report on Friday, May 5th. Keefe, Bruyette & Woods dropped their target price on Zions Bancorporation, National Association from $56.00 to $38.00 and set a “market perform” rating on the stock in a research report on Thursday, April 6th. StockNews.com initiated coverage on Zions Bancorporation, National Association in a report on Thursday, May 18th. They issued a “sell” rating for the company. Finally, Wells Fargo & Company lowered their price objective on Zions Bancorporation, National Association from $50.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, April 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.00.

Zions Bancorporation, National Association Company Profile

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Zions Bancorporation NA is a bank holding company, which engages in the provision of full banking and related services. It operates through the following segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington.