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 dated Wednesday, May 28th. The shares were sold at an average price of $47.30, for a total value of $13,906.20. Following the sale, the senior vice president now directly owns 3,532 shares of the company's stock, 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 through the SEC website.

Zions Bancorporation, National Association Trading Down 0.9%

Shares of NASDAQ ZION traded down $0.41 during midday trading on Monday, hitting $46.95. The company's stock had a trading volume of 1,352,003 shares, compared to its average volume of 1,581,173. Zions Bancorporation, National Association has a 12-month low of $39.32 and a 12-month high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm has a market cap of $6.93 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 1.61 and a beta of 0.88. The business's 50 day moving average is $46.15 and its two-hundred day moving average is $52.21.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The company had revenue of $795.00 million for the quarter, compared to analysts' expectations of $792.49 million. During the same quarter in the prior year, the firm earned $0.96 earnings per share. As a group, equities research analysts expect 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, May 22nd. Stockholders of record on Thursday, May 15th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.66%. Zions Bancorporation, National Association's dividend payout ratio is presently 33.59%.

Zions Bancorporation, National Association announced that its board has approved a stock buyback plan on Monday, February 24th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the bank to purchase up to 0.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Institutional Trading of Zions Bancorporation, National Association

Hedge funds have recently modified their holdings of the company. Curat Global LLC purchased a new stake in Zions Bancorporation, National Association during the first quarter valued at approximately $25,000. Picton Mahoney Asset Management acquired a new position in shares of Zions Bancorporation, National Association during the first quarter worth $25,000. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $29,000 after purchasing an additional 183 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 1st quarter worth $40,000. Finally, Covestor Ltd increased its position in Zions Bancorporation, National Association by 128.1% during the 4th quarter. Covestor Ltd now owns 853 shares of the bank's stock valued at $46,000 after buying an additional 479 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ZION. Royal Bank of Canada cut their price target on Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird decreased their target price on Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial assumed coverage on Zions Bancorporation, National Association in a research note on Tuesday, May 13th. They issued a "hold" rating and a $52.00 price target for the company. Wells Fargo & Company reduced their price objective on shares of Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $57.94.

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.