Zions Bancorporation, National Association (NASDAQ:ZION) EVP Sells $231,005.06 in Stock

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the sale, the executive vice president now owns 22,238 shares of the company's stock, valued at $970,911.08. 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 0.2 %

ZION traded up $0.08 during trading on Monday, reaching $43.70. The company had a trading volume of 1,530,197 shares, compared to its average volume of 2,901,590. Zions Bancorporation, National Association has a 52 week low of $21.96 and a 52 week high of $46.15. The stock has a market cap of $6.45 billion, a P/E ratio of 10.98 and a beta of 1.13. The business has a 50 day simple moving average of $41.10 and a 200-day simple moving average of $39.64. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings results on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $747.21 million. During the same quarter in the previous year, the firm posted $1.33 EPS. On average, equities analysts anticipate that Zions Bancorporation, National Association will post 4.38 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Wednesday, May 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 41.21%.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP grew its position in shares of Zions Bancorporation, National Association by 3,277.9% during the first quarter. Quantbot Technologies LP now owns 126,301 shares of the bank's stock worth $5,481,000 after acquiring an additional 122,562 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Zions Bancorporation, National Association by 18.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,589 shares of the bank's stock worth $460,000 after buying an additional 1,680 shares in the last quarter. Texas Permanent School Fund Corp increased its position in Zions Bancorporation, National Association by 334.1% during the first quarter. Texas Permanent School Fund Corp now owns 129,658 shares of the bank's stock worth $5,627,000 after buying an additional 99,793 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of Zions Bancorporation, National Association by 345.2% in the first quarter. Mutual of America Capital Management LLC now owns 88,271 shares of the bank's stock valued at $3,831,000 after purchasing an additional 68,445 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in Zions Bancorporation, National Association in the first quarter valued at $27,000. Institutional investors and hedge funds own 76.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ZION shares. Robert W. Baird dropped their price objective on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday, January 23rd. Wedbush lowered their target price on Zions Bancorporation, National Association from $48.00 to $46.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 23rd. Jefferies Financial Group dropped their price objective on Zions Bancorporation, National Association from $47.00 to $45.00 and set a "hold" rating for the company in a research note on Monday, April 8th. Morgan Stanley raised their price target on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 7th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Zions Bancorporation, National Association in a report on Wednesday, April 10th. They issued a "hold" rating and a $47.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Zions Bancorporation, National Association has an average rating of "Hold" and an average target price of $43.16.

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.