Scott J. Mclean Sells 60,000 Shares of Zions Bancorporation, National Association (NASDAQ:ZION) Stock

Zions Bancorporation, National Association (NASDAQ:ZION) President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total value of $3,109,800.00. Following the completion of the sale, the president now owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Zions Bancorporation, National Association Trading Down 0.5 %

Shares of ZION opened at $51.67 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.10. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32. The firm has a market capitalization of $7.63 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 5.09 and a beta of 1.11. The stock’s fifty day simple moving average is $44.66 and its 200-day simple moving average is $42.64.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The business had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, research analysts predict that Zions Bancorporation, National Association will post 4.53 earnings per share for the current year.

Analysts Set New Price Targets

ZION has been the topic of a number of analyst reports. Compass Point upped their price target on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group increased their target price on shares of Zions Bancorporation, National Association from $47.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Truist Financial boosted their price target on shares of Zions Bancorporation, National Association from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Wedbush raised their price objective on shares of Zions Bancorporation, National Association from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada boosted their target price on Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and a consensus target price of $48.06.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several large investors have recently made changes to their positions in the company. Fidelis Capital Partners LLC bought a new stake in Zions Bancorporation, National Association in the first quarter valued at about $27,000. Federated Hermes Inc. increased its holdings in Zions Bancorporation, National Association by 105.4% in the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after purchasing an additional 331 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Zions Bancorporation, National Association in the fourth quarter valued at about $29,000. ORG Partners LLC bought a new stake in Zions Bancorporation, National Association in the second quarter valued at about $33,000. Finally, International Assets Investment Management LLC bought a new stake in Zions Bancorporation, National Association in the second quarter valued at about $34,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.