Zions Bancorporation, National Association (NASDAQ:ZION) Short Interest Update

Zions Bancorporation, National Association (NASDAQ:ZION) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 4,500,000 shares, a decline of 17.7% from the December 31st total of 5,470,000 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is presently 3.4 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ZION shares. Keefe, Bruyette & Woods raised their price objective on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, January 22nd. Wells Fargo & Company lifted their price target on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Compass Point increased their price objective on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley boosted their target price on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.71.

Zions Bancorporation, National Association Stock Down 0.2 %

Shares of NASDAQ ZION opened at $57.64 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.81 and a current ratio of 0.80. Zions Bancorporation, National Association has a 1 year low of $37.76 and a 1 year high of $63.22. The stock’s 50-day simple moving average is $57.09 and its 200-day simple moving average is $52.36. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 3.10 and a beta of 1.12.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The company had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. During the same period in the prior year, the company posted $0.78 EPS. Zions Bancorporation, National Association’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities analysts anticipate that Zions Bancorporation, National Association will post 4.96 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.98%. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, November 14th. Zions Bancorporation, National Association’s dividend payout ratio is 34.75%.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 3,605 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $209,306.30. Following the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,434,894.84. This represents a 12.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the sale, the executive vice president now directly owns 86,232 shares in the company, valued at $5,265,325.92. This represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,496 shares of company stock worth $873,762. Insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC bought a new position in shares of Zions Bancorporation, National Association during the third quarter worth about $28,000. Venturi Wealth Management LLC increased its holdings in Zions Bancorporation, National Association by 209.1% in the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock valued at $117,000 after buying an additional 1,671 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Zions Bancorporation, National Association during the third quarter valued at approximately $119,000. TD Private Client Wealth LLC lifted its holdings in Zions Bancorporation, National Association by 15.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock worth $134,000 after buying an additional 375 shares during the last quarter. Finally, Centaurus Financial Inc. grew its position in shares of Zions Bancorporation, National Association by 8.3% in the 2nd quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock worth $170,000 after acquiring an additional 299 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

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.