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

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

Zions Bancorporation, National Association Trading Down 0.2 %

NASDAQ:ZION opened at $57.64 on Thursday. Zions Bancorporation, National Association has a 12-month low of $37.76 and a 12-month high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.16. 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 P/E ratio of 11.64, a PEG ratio of 3.10 and a beta of 1.12.

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

Zions Bancorporation, National Association Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on ZION. The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, January 7th. DA Davidson boosted their price objective on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 22nd. Robert W. Baird boosted their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. One equities research 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, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and a consensus price target of $60.71.

Insider Activity

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the sale, the vice president now owns 35,878 shares in the company, valued at $2,182,817.52. This trade represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jennifer Anne Smith sold 3,605 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $58.06, for a total transaction of $209,306.30. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at $1,434,894.84. This represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,496 shares of company stock worth $873,762. 2.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

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

Zions Bancorporation, National Association Company Profile

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.