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

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

Zions Bancorporation, National Association Price Performance

Zions Bancorporation, National Association stock opened at $43.70 on Tuesday. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 10.98 and a beta of 1.13. Zions Bancorporation, National Association has a 52-week low of $21.96 and a 52-week high of $46.15. The stock’s 50 day moving average price is $41.10 and its two-hundred day moving average price is $39.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77.

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

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Wednesday, May 15th. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Wall Street Analyst Weigh In

ZION has been the subject of a number of analyst reports. Stephens boosted their price target on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. boosted their price target on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Royal Bank of Canada boosted their price target on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 23rd. Robert W. Baird dropped their price target on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 23rd. Finally, Evercore ISI boosted their target price on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Three research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.16.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Institutional investors have recently modified their holdings of the company. Deutsche Bank AG raised its position in shares of Zions Bancorporation, National Association by 22.1% during the third quarter. Deutsche Bank AG now owns 389,686 shares of the bank’s stock worth $13,596,000 after purchasing an additional 70,461 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Zions Bancorporation, National Association by 55.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank’s stock worth $2,644,000 after purchasing an additional 21,551 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Zions Bancorporation, National Association by 119.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after purchasing an additional 1,259,571 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Zions Bancorporation, National Association in the 4th quarter valued at $1,268,000. Finally, Nordea Investment Management AB raised its position in Zions Bancorporation, National Association by 55.2% in the 4th quarter. Nordea Investment Management AB now owns 264,384 shares of the bank’s stock valued at $11,678,000 after buying an additional 94,077 shares during the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

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.