Alan M. Forney Sells 1,500 Shares of Zions Bancorporation, National Association (NASDAQ:ZION) Stock

Zions Bancorporation, National Association (NASDAQ:ZION) CEO Alan M. Forney sold 1,500 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the transaction, the chief executive officer now owns 22,181 shares in the company, valued at $968,866.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Zions Bancorporation, National Association Trading Up 2.1 %

NASDAQ:ZION opened at $43.62 on Friday. 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 has a twelve month low of $18.26 and a twelve month high of $46.15. The company has a market cap of $6.44 billion, a P/E ratio of 10.96 and a beta of 1.13. The business has a 50 day moving average price of $41.10 and a two-hundred day moving average price of $39.59.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Friday, April 26th. The bank reported $0.96 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 for the quarter, compared to analyst estimates of $747.21 million. During the same quarter in the previous year, the company posted $1.33 EPS. As a group, analysts expect that Zions Bancorporation, National Association will post 4.38 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Wednesday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

Wall Street Analysts Forecast Growth

ZION has been the topic of a number of analyst reports. Truist Financial reissued a “hold” rating and issued a $46.00 price target on shares of Zions Bancorporation, National Association in a research note on Monday, April 1st. Compass Point reissued a “neutral” rating on shares of Zions Bancorporation, National Association in a research note on Monday, January 8th. Stephens boosted their target price on 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. JPMorgan Chase & Co. increased their price target on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Finally, Evercore ISI boosted their price objective on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and a consensus price target of $43.16.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fidelis Capital Partners LLC bought a new stake in Zions Bancorporation, National Association during the first quarter worth $27,000. Federated Hermes Inc. increased its stake in shares of Zions Bancorporation, National Association by 105.4% during 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 last quarter. Jones Financial Companies Lllp bought a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at about $29,000. Quarry LP acquired a new stake in Zions Bancorporation, National Association in the 4th quarter valued at about $49,000. Finally, American Capital Advisory LLC grew its holdings in Zions Bancorporation, National Association by 58.5% during the first 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. Institutional investors own 76.84% of the company’s stock.

About Zions Bancorporation, National Association

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.