Jennifer Anne Smith Sells 2,089 Shares of Zions Bancorporation, N.A. (NASDAQ:ZION) Stock

Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Jennifer Anne Smith sold 2,089 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $62.48, for a total value of $130,520.72. Following the transaction, the executive vice president directly owned 22,733 shares of the company’s stock, valued at $1,420,357.84. The trade was a 8.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jennifer Anne Smith also recently made the following trade(s):

• On Friday, February 6th, Jennifer Anne Smith sold 6,558 shares of Zions Bancorporation, N.A. stock. The stock was sold at an average price of $64.80, for a total value of $424,958.40.

Zions Bancorporation, N.A. Price Performance

ZION stock traded down $0.56 during midday trading on Thursday, reaching $61.48. The stock had a trading volume of 1,849,953 shares, compared to its average volume of 1,979,374. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $66.18. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $60.35 and its 200 day simple moving average is $56.44. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 10.25 and a beta of 0.85.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th will be issued a $0.45 dividend. The ex-dividend date is Thursday, February 12th. This represents a $1.80 dividend on an annualized basis and a yield of 2.9%. Zions Bancorporation, N.A.’s dividend payout ratio is presently 30.00%.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. boosted its position in shares of Zions Bancorporation, N.A. by 8.6% during the 4th quarter. Invesco Ltd. now owns 1,756,280 shares of the bank’s stock worth $102,813,000 after purchasing an additional 139,731 shares during the period. Michels Family Financial LLC lifted its stake in Zions Bancorporation, N.A. by 1.5% during the fourth quarter. Michels Family Financial LLC now owns 12,142 shares of the bank’s stock worth $711,000 after purchasing an additional 185 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Zions Bancorporation, N.A. by 88.7% during the fourth quarter. Corient Private Wealth LLC now owns 253,217 shares of the bank’s stock worth $14,823,000 after buying an additional 118,999 shares during the period. Beacon Pointe Advisors LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the fourth quarter valued at $227,000. Finally, State of Tennessee Department of Treasury raised its holdings in shares of Zions Bancorporation, N.A. by 7.1% in the 4th quarter. State of Tennessee Department of Treasury now owns 63,886 shares of the bank’s stock valued at $3,827,000 after buying an additional 4,247 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Bank of America upgraded Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and upped their price target for the company from $59.00 to $62.00 in a research report on Thursday, October 23rd. Evercore upped their target price on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the company an “in-line” rating in a report on Thursday, February 5th. Royal Bank Of Canada lifted their price target on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 21st. TD Cowen upped their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. Finally, Barclays lifted their target price on shares of Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the stock an “underweight” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $63.32.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.