Zions Bancorporation, National Association (NASDAQ:ZION) Short Interest Down 17.7% in December

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 4,500,000 shares, a drop of 17.7% from the December 15th total of 5,470,000 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily volume of 1,320,000 shares, the short-interest ratio is currently 3.4 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ZION shares. Stephens upped their price target on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their target price on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, November 15th. Truist Financial lifted their price target on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd. 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 report on Tuesday, December 10th. Finally, Royal Bank of Canada raised their price objective on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $58.25.

Zions Bancorporation, National Association Stock Down 1.6 %

ZION stock traded down $0.92 during mid-day trading on Thursday, hitting $57.28. 1,514,004 shares of the company were exchanged, compared to its average volume of 1,188,450. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. Zions Bancorporation, National Association has a 1-year low of $37.76 and a 1-year high of $63.22. The firm's 50 day simple moving average is $57.31 and its 200 day simple moving average is $51.40. The firm has a market cap of $8.46 billion, a P/E ratio of 13.05, a P/E/G ratio of 2.86 and a beta of 1.12.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.21. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates 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 period last year, the business posted $1.13 earnings per share. On average, sell-side analysts predict that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.43 per share. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Thursday, November 14th. Zions Bancorporation, National Association's dividend payout ratio is currently 39.18%.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Paul E. Burdiss sold 9,506 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the transaction, the executive vice president now directly owns 86,232 shares of the company's stock, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Eric Ellingsen sold 1,238 shares of the company's stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders sold 18,881 shares of company stock valued at $1,108,184 in the last three months. Corporate insiders own 2.22% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in Zions Bancorporation, National Association during the 3rd quarter worth approximately $28,000. Abich Financial Wealth Management LLC boosted its holdings in Zions Bancorporation, National Association by 26.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank's stock worth $61,000 after purchasing an additional 296 shares during the last quarter. Acadian Asset Management LLC bought a new position in Zions Bancorporation, National Association in the second quarter valued at $101,000. Venturi Wealth Management LLC increased its stake in Zions Bancorporation, National Association by 209.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank's stock valued at $117,000 after buying an additional 1,671 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in Zions Bancorporation, National Association during the 3rd quarter worth about $119,000. 76.84% of the stock is currently owned by institutional investors.

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.