Zions Bancorporation, National Association (NASDAQ:ZION) Short Interest Down 17.9% in August

Zions Bancorporation, National Association (NASDAQ:ZION) saw a significant drop in short interest in August. As of August 15th, there was short interest totalling 6,420,000 shares, a drop of 17.9% from the July 31st total of 7,820,000 shares. Approximately 4.4% of the company’s shares are short sold. Based on an average daily volume of 1,650,000 shares, the days-to-cover ratio is presently 3.9 days.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the business’s stock in a transaction dated 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 transaction, the president now directly owns 74,286 shares of the company’s stock, valued at $3,850,243.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the sale, the president now directly owns 74,286 shares in the company, valued at approximately $3,850,243.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the transaction, the vice president now directly owns 17,857 shares in the company, valued at approximately $925,528.31. The disclosure for this sale can be found here. Insiders have sold a total of 67,073 shares of company stock valued at $3,476,298 over the last three months. 2.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of hedge funds and other institutional investors have recently modified their holdings of ZION. International Assets Investment Management LLC raised its position in shares of Zions Bancorporation, National Association by 4,136.7% in the fourth quarter. International Assets Investment Management LLC now owns 34,826 shares of the bank’s stock valued at $1,528,000 after buying an additional 34,004 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after purchasing an additional 331 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of Zions Bancorporation, National Association by 1.2% in the fourth quarter. Yousif Capital Management LLC now owns 26,161 shares of the bank’s stock worth $1,148,000 after purchasing an additional 310 shares during the period. Mather Group LLC. increased its position in shares of Zions Bancorporation, National Association by 15.3% in the fourth quarter. Mather Group LLC. now owns 7,019 shares of the bank’s stock worth $308,000 after purchasing an additional 930 shares during the period. Finally, Kestra Private Wealth Services LLC raised its stake in Zions Bancorporation, National Association by 1.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 22,288 shares of the bank’s stock valued at $978,000 after purchasing an additional 286 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Up 0.7 %

Zions Bancorporation, National Association stock opened at $49.56 on Friday. The company’s 50-day moving average price is $47.06 and its two-hundred day moving average price is $43.49. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. The stock has a market cap of $7.32 billion, a P/E ratio of 12.45, a P/E/G ratio of 2.96 and a beta of 1.11. Zions Bancorporation, National Association has a twelve month low of $28.90 and a twelve month high of $53.32.

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

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.31%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Analysts Set New Price Targets

Several research firms have issued reports on ZION. Wells Fargo & Company dropped their price target on Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 21st. Royal Bank of Canada lifted their price target on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 23rd. Truist Financial raised their price objective on Zions Bancorporation, National Association from $45.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Argus cut shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $48.61.

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.