Jason D. Arbuckle Sells 294 Shares of Zions Bancorporation, National Association (NASDAQ:ZION) Stock

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) SVP Jason D. Arbuckle sold 294 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $47.30, for a total value of $13,906.20. Following the completion of the sale, the senior vice president now owns 3,532 shares in the company, valued at $167,063.60. This represents a 7.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Zions Bancorporation, National Association Price Performance

NASDAQ ZION traded down $0.21 during mid-day trading on Friday, hitting $47.52. The stock had a trading volume of 1,410,872 shares, compared to its average volume of 1,581,632. Zions Bancorporation, National Association has a 52-week low of $39.32 and a 52-week high of $63.22. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 1.61 and a beta of 0.88. The company has a 50 day simple moving average of $46.15 and a 200 day simple moving average of $52.31. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. The company had revenue of $795.00 million during the quarter, compared to the consensus estimate of $792.49 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. During the same quarter last year, the business posted $0.96 earnings per share. Equities analysts forecast that Zions Bancorporation, National Association will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, National Association declared that its board has authorized a stock repurchase program on Monday, February 24th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the bank to reacquire up to 0.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, National Association's payout ratio is 33.59%.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Hedge funds have recently made changes to their positions in the business. Strs Ohio acquired a new position in Zions Bancorporation, National Association in the first quarter valued at $1,371,000. Acadian Asset Management LLC boosted its holdings in Zions Bancorporation, National Association by 20.2% in the first quarter. Acadian Asset Management LLC now owns 27,936 shares of the bank's stock valued at $1,392,000 after acquiring an additional 4,694 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Zions Bancorporation, National Association by 465.2% in the first quarter. Intech Investment Management LLC now owns 54,987 shares of the bank's stock valued at $2,742,000 after acquiring an additional 45,259 shares during the last quarter. Focus Partners Wealth boosted its holdings in Zions Bancorporation, National Association by 91.7% in the first quarter. Focus Partners Wealth now owns 21,502 shares of the bank's stock valued at $1,072,000 after acquiring an additional 10,283 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its holdings in Zions Bancorporation, National Association by 636.2% in the first quarter. Bayforest Capital Ltd now owns 3,578 shares of the bank's stock valued at $178,000 after acquiring an additional 3,092 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ZION shares. Jefferies Financial Group initiated coverage on Zions Bancorporation, National Association in a report on Wednesday, May 21st. They issued an "underperform" rating and a $40.00 price objective on the stock. Truist Financial initiated coverage on Zions Bancorporation, National Association in a report on Tuesday, May 13th. They set a "hold" rating and a $52.00 price target on the stock. Argus upgraded Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a report on Monday, April 28th. Wall Street Zen downgraded Zions Bancorporation, National Association from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley dropped their price objective on Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of "Hold" and an average target price of $57.94.

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.