Steven Dan Stephens Sells 10,000 Shares of Zions Bancorporation, National Association (NASDAQ:ZION) Stock

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) EVP Steven Dan Stephens sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total transaction of $557,100.00. Following the transaction, the executive vice president now directly owns 45,847 shares in the company, valued at approximately $2,554,136.37. This represents a 17.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Zions Bancorporation, National Association Price Performance

Shares of ZION stock traded up $0.68 during midday trading on Tuesday, reaching $56.42. 259,578 shares of the company were exchanged, compared to its average volume of 1,160,460. Zions Bancorporation, National Association has a 12 month low of $38.01 and a 12 month high of $63.22. The company has a market cap of $8.33 billion, a P/E ratio of 11.40, a PEG ratio of 1.74 and a beta of 1.11. The company's 50 day moving average price is $56.26 and its two-hundred day moving average price is $52.94. 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 released its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The company had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. During the same period in the previous year, the firm earned $0.78 EPS. Zions Bancorporation, National Association's revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts expect that Zions Bancorporation, National Association will post 5.26 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.05%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 34.75%.

Institutional Trading of Zions Bancorporation, National Association

A number of hedge funds and other institutional investors have recently made changes to their positions in ZION. Ritholtz Wealth Management bought a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter worth approximately $238,000. Inspire Investing LLC raised its holdings in shares of Zions Bancorporation, National Association by 7.5% in the 3rd quarter. Inspire Investing LLC now owns 8,727 shares of the bank's stock worth $412,000 after purchasing an additional 610 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Zions Bancorporation, National Association by 106.0% in the 3rd quarter. Blue Trust Inc. now owns 8,962 shares of the bank's stock worth $389,000 after purchasing an additional 4,612 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Zions Bancorporation, National Association by 65.0% in the 3rd quarter. Raymond James & Associates now owns 85,285 shares of the bank's stock worth $4,027,000 after purchasing an additional 33,587 shares in the last quarter. Finally, OLD National Bancorp IN bought a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter worth approximately $204,000. 76.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ZION. The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price target on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company raised their price objective on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, November 15th. JPMorgan Chase & Co. decreased their price objective on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Compass Point lifted their price target 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, Morgan Stanley lifted their price target on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $60.71.

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.