Zions Bancorporation, National Association (NASDAQ:ZION) Insider Robert Ryan Richards Sells 316 Shares

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) insider Robert Ryan Richards sold 316 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $49.48, for a total value of $15,635.68. Following the sale, the insider now owns 30,354 shares of the company's stock, valued at approximately $1,501,915.92. This trade represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Zions Bancorporation, National Association Stock Down 5.5 %

Shares of ZION traded down $2.42 during midday trading on Friday, hitting $41.39. 3,582,522 shares of the company's stock traded hands, compared to its average volume of 1,555,437. Zions Bancorporation, National Association has a 1 year low of $39.05 and a 1 year high of $63.22. The firm's fifty day moving average is $52.52 and its 200-day moving average is $53.69. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business had revenue of $820.00 million during the quarter, compared to the consensus estimate of $787.70 million. During the same quarter last year, the company earned $0.78 earnings per share. The company's quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

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Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.16%. The ex-dividend date was Thursday, February 13th. Zions Bancorporation, National Association's payout ratio is 34.75%.

Zions Bancorporation, National Association announced that its board has authorized a stock buyback plan on Monday, February 24th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the bank to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

ZION has been the subject of several research reports. UBS Group started coverage on shares of Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $64.00 price objective for the company. Morgan Stanley lowered their price target on Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. DA Davidson increased their price objective on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group raised Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 target price for the company in a research report on Tuesday, January 7th. Finally, Stephens reissued an "equal weight" rating and set a $64.00 price target on shares of Zions Bancorporation, National Association in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Zions Bancorporation, National Association presently has a consensus rating of "Hold" and an average target price of $60.94.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Zions Bancorporation, National Association by 51.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after buying an additional 183 shares during the period. Covestor Ltd raised its holdings in shares of Zions Bancorporation, National Association by 128.1% during the fourth quarter. Covestor Ltd now owns 853 shares of the bank's stock worth $46,000 after purchasing an additional 479 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Zions Bancorporation, National Association by 120.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock worth $49,000 after purchasing an additional 493 shares during the last quarter. Millstone Evans Group LLC acquired a new position in Zions Bancorporation, National Association during the fourth quarter valued at $62,000. Finally, Natixis purchased a new stake in Zions Bancorporation, National Association in the fourth quarter valued at $102,000. 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.