Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,622 shares of the bank’s stock after selling 1,666 shares during the period. PNC Financial Services Group Inc.’s holdings in Zions Bancorporation, National Association were worth $1,493,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ZION. Comerica Bank increased its position in shares of Zions Bancorporation, National Association by 331.1% in the first quarter. Comerica Bank now owns 118,861 shares of the bank’s stock valued at $5,159,000 after buying an additional 91,289 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Zions Bancorporation, National Association during the 1st quarter valued at about $1,959,000. Cetera Advisors LLC acquired a new position in Zions Bancorporation, National Association during the first quarter worth about $878,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Zions Bancorporation, National Association by 223.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,401 shares of the bank’s stock valued at $1,797,000 after purchasing an additional 28,600 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new stake in shares of Zions Bancorporation, National Association in the third quarter valued at approximately $510,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ZION shares. Wolfe Research raised Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday, September 18th. Compass Point upped their price objective on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group dropped their price objective on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. Truist Financial upped their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird lifted their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and a consensus price target of $55.13.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the transaction, the vice president now owns 35,878 shares in the company, valued at $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 3,605 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $209,306.30. Following the completion of the sale, the executive vice president now owns 24,714 shares of the company’s stock, valued at approximately $1,434,894.84. This trade represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,375 shares of company stock worth $527,748. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ:ZION opened at $61.11 on Wednesday. The business has a 50-day moving average of $52.11 and a two-hundred day moving average of $47.80. The firm has a market capitalization of $9.03 billion, a PE ratio of 13.92, a P/E/G ratio of 5.36 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. Zions Bancorporation, National Association has a 12 month low of $33.66 and a 12 month high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the prior year, the company earned $1.13 EPS. As a group, research analysts forecast that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 39.18%.

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.