Insider Selling: Zions Bancorporation, National Association (NASDAQ:ZION) CEO Sells $65,520.00 in Stock

Zions Bancorporation, National Association (NASDAQ:ZION) CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association stock in a transaction 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 directly owns 22,181 shares in the company, valued at $968,866.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Zions Bancorporation, National Association Stock Up 2.1 %

ZION stock opened at $43.62 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $41.10 and its 200 day moving average price is $39.61. Zions Bancorporation, National Association has a 52 week low of $18.26 and a 52 week 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.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly 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). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $1.33 EPS. On average, research analysts expect that Zions Bancorporation, National Association will post 4.38 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC grew its stake in Zions Bancorporation, National Association by 345.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 88,271 shares of the bank’s stock valued at $3,831,000 after acquiring an additional 68,445 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association in the first quarter valued at about $27,000. Blackhawk Capital Partners LLC. grew its position in shares of Zions Bancorporation, National Association by 12.6% in the first quarter. Blackhawk Capital Partners LLC. now owns 5,612 shares of the bank’s stock valued at $244,000 after purchasing an additional 629 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Zions Bancorporation, National Association by 13.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,407 shares of the bank’s stock worth $2,757,000 after purchasing an additional 8,145 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of Zions Bancorporation, National Association by 469.8% during the 1st quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank’s stock worth $8,074,000 after purchasing an additional 153,387 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Analyst Ratings Changes

ZION has been the topic of a number of recent research reports. Compass Point restated a “neutral” rating on shares of Zions Bancorporation, National Association in a research note on Monday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They issued a “hold” rating and a $47.00 price target on the stock. Truist Financial reaffirmed a “hold” rating and set a $46.00 price objective on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Evercore ISI boosted their target price on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Jefferies Financial Group decreased their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a report on Monday, April 8th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.16.

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.