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

Zions Bancorporation, National Association (NASDAQ:ZION) President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction dated 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 transaction, the president now directly owns 74,286 shares in the company, valued at approximately $3,850,243.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Zions Bancorporation, National Association Trading Down 0.9 %

Shares of ZION traded down $0.48 during midday trading on Monday, hitting $51.81. The stock had a trading volume of 1,036,407 shares, compared to its average volume of 2,363,151. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32. The business has a 50-day simple moving average of $44.18 and a two-hundred day simple moving average of $42.45. The firm has a market cap of $7.65 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 5.14 and a beta of 1.11. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10.

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

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atomi Financial Group Inc. bought a new position in Zions Bancorporation, National Association during the second quarter valued at approximately $205,000. Allspring Global Investments Holdings LLC raised its position in Zions Bancorporation, National Association by 68.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,289 shares of the bank’s stock valued at $56,000 after acquiring an additional 526 shares in the last quarter. Bank of New York Mellon Corp raised its position in Zions Bancorporation, National Association by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank’s stock valued at $74,784,000 after acquiring an additional 5,609 shares in the last quarter. New Millennium Group LLC bought a new position in Zions Bancorporation, National Association during the second quarter valued at approximately $55,000. Finally, Clear Creek Financial Management LLC raised its position in shares of Zions Bancorporation, National Association by 2.7% in the second quarter. Clear Creek Financial Management LLC now owns 14,500 shares of the bank’s stock valued at $629,000 after purchasing an additional 380 shares during the period. Institutional investors own 76.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Robert W. Baird raised their target price on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Compass Point raised their target price on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. UBS Group lowered their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. raised their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Finally, Wedbush raised their price objective on shares of Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and an average price target of $48.06.

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.