Zions Bancorporation, National Association (NASDAQ:ZION) Insider Sells $15,635.68 in Stock

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 that occurred on Tuesday, April 1st. The shares were sold at an average price of $49.48, for a total transaction of $15,635.68. Following the sale, the insider now owns 30,354 shares in the company, valued at approximately $1,501,915.92. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Zions Bancorporation, National Association Trading Up 3.0 %

ZION stock traded up $1.26 during midday trading on Monday, reaching $42.65. The company's stock had a trading volume of 6,208,820 shares, compared to its average volume of 1,574,558. Zions Bancorporation, National Association has a 1 year low of $39.05 and a 1 year high of $63.22. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.61 and a beta of 0.92. The stock has a fifty day simple moving average of $52.22 and a two-hundred day simple moving average of $53.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping the consensus estimate of $1.26 by $0.08. The company had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. On average, equities research analysts predict that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Thursday, February 13th. Zions Bancorporation, National Association's dividend payout ratio is presently 34.75%.

Zions Bancorporation, National Association declared that its Board of Directors has initiated a stock repurchase program on Monday, February 24th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the bank to buy up to 0.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of Zions Bancorporation, National Association by 51.1% during 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 in the last quarter. Covestor Ltd lifted its stake in Zions Bancorporation, National Association by 128.1% in the fourth quarter. Covestor Ltd now owns 853 shares of the bank's stock worth $46,000 after acquiring an additional 479 shares during the period. SRS Capital Advisors Inc. grew its holdings in Zions Bancorporation, National Association by 120.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock worth $49,000 after acquiring an additional 493 shares in the last quarter. Millstone Evans Group LLC purchased a new position in Zions Bancorporation, National Association during the 4th quarter valued at about $62,000. Finally, Natixis bought a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at about $102,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. DA Davidson lifted 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. Keefe, Bruyette & Woods increased their target price on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a "market perform" rating in a research report on Wednesday, January 22nd. UBS Group assumed 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 target on the stock. Finally, Compass Point increased their price objective on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $60.94.

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.