Insider Selling: Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Sells $130,544.38 in Stock

Zions Bancorporation, N.A. (NASDAQ:ZION) EVP Jennifer Anne Smith sold 2,458 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $53.11, for a total transaction of $130,544.38. Following the sale, the executive vice president directly owned 27,133 shares of the company’s stock, valued at approximately $1,441,033.63. This represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION opened at $51.94 on Friday. The company has a market capitalization of $7.67 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $63.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80. The company’s fifty day moving average price is $55.68 and its 200 day moving average price is $52.07.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its quarterly earnings results on Monday, June 12th. The bank reported $1.32 earnings per share (EPS) for the quarter. The company had revenue of $705.00 million during the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.84%. As a group, analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Institutional Trading of Zions Bancorporation, N.A.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZION. Picton Mahoney Asset Management bought a new position in Zions Bancorporation, N.A. during the first quarter worth about $25,000. Traub Capital Management LLC acquired a new position in shares of Zions Bancorporation, N.A. in the 2nd quarter worth approximately $31,000. Salomon & Ludwin LLC bought a new position in shares of Zions Bancorporation, N.A. during the 3rd quarter worth approximately $37,000. Steph & Co. bought a new position in shares of Zions Bancorporation, N.A. during the 3rd quarter worth approximately $37,000. Finally, Assetmark Inc. boosted its stake in Zions Bancorporation, N.A. by 75.3% in the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank’s stock valued at $35,000 after buying an additional 289 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ZION. Truist Financial upped their price target on Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the stock a “hold” rating in a report on Wednesday, July 23rd. Baird R W raised shares of Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Bank of America upgraded shares of Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and upped their target price for the company from $59.00 to $62.00 in a research note on Thursday, October 23rd. Piper Sandler decreased their price target on shares of Zions Bancorporation, N.A. from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday, October 16th. Finally, Weiss Ratings downgraded shares of Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.62.

About Zions Bancorporation, N.A.

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.