Zions Bancorporation, N.A. (NASDAQ:ZION) Short Interest Update

Zions Bancorporation, N.A. (NASDAQ:ZION) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 4,615,386 shares, a decrease of 13.4% from the January 29th total of 5,328,717 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 2,254,665 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily trading volume, of 2,254,665 shares, the days-to-cover ratio is presently 2.0 days. Approximately 3.2% of the company’s stock are short sold.

Zions Bancorporation, N.A. Stock Down 1.3%

Shares of NASDAQ ZION opened at $57.48 on Friday. The firm’s fifty day moving average is $60.33 and its 200 day moving average is $56.94. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $66.18. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.64. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 9.58 and a beta of 0.83.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 12th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.80 annualized dividend and a dividend yield of 3.1%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is presently 30.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ZION shares. Stephens increased their price objective on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, January 21st. Truist Financial lifted their price target on Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Barclays increased 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. Robert W. Baird downgraded shares of Zions Bancorporation, N.A. from an “outperform” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research note on Monday, February 9th. Finally, Evercore increased their target price on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $63.58.

Insider Buying and Selling

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 2,089 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $62.48, for a total value of $130,520.72. Following the transaction, the executive vice president owned 22,733 shares of the company’s stock, valued at approximately $1,420,357.84. The trade was a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Dan Stephens sold 15,476 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $65.90, for a total transaction of $1,019,868.40. Following the completion of the transaction, the executive vice president directly owned 41,127 shares in the company, valued at $2,710,269.30. This trade represents a 27.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 55,581 shares of company stock valued at $3,498,774 over the last 90 days. 2.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its position in shares of Zions Bancorporation, N.A. by 6.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,041,063 shares of the bank’s stock valued at $115,483,000 after purchasing an additional 122,815 shares during the period. LSV Asset Management increased its holdings in shares of Zions Bancorporation, N.A. by 4.5% in the second quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock worth $205,689,000 after purchasing an additional 169,085 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Zions Bancorporation, N.A. in the third quarter worth about $934,000. Bailard Inc. bought a new position in Zions Bancorporation, N.A. during the third quarter valued at approximately $487,000. Finally, Gateway Investment Advisers LLC grew its holdings in Zions Bancorporation, N.A. by 156.5% during the 3rd quarter. Gateway Investment Advisers LLC now owns 85,848 shares of the bank’s stock valued at $4,857,000 after buying an additional 52,381 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

About Zions Bancorporation, N.A.

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.