Zions Bancorporation NA (NASDAQ:ZION) saw some unusual options trading activity on Thursday. Investors purchased 4,061 put options on the stock. This is an increase of approximately 1,900% compared to the typical volume of 203 put options.

Zions Bancorporation NA stock opened at $44.93 on Friday. Zions Bancorporation NA has a 1-year low of $38.08 and a 1-year high of $58.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $8.36 billion, a PE ratio of 11.01, a PEG ratio of 1.15 and a beta of 1.49.

Zions Bancorporation NA (NASDAQ:ZION) last posted its quarterly earnings results on Monday, April 22nd. The bank reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01). Zions Bancorporation NA had a net margin of 27.58% and a return on equity of 12.24%. The firm had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $715.64 million. During the same period last year, the company earned $1.09 EPS. As a group, equities analysts forecast that Zions Bancorporation NA will post 4.49 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.67%. Zions Bancorporation NA’s dividend payout ratio (DPR) is 29.41%.

In related news, EVP Terry Alan Shirey sold 493 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $50.80, for a total transaction of $25,044.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David E. Blackford sold 2,027 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $50.80, for a total transaction of $102,971.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,922 shares of company stock valued at $1,343,517. 1.70% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Zions Bancorporation NA by 0.9% during the 4th quarter. BlackRock Inc. now owns 13,086,266 shares of the bank’s stock worth $533,134,000 after purchasing an additional 115,951 shares during the period. LSV Asset Management boosted its position in shares of Zions Bancorporation NA by 86.9% during the 1st quarter. LSV Asset Management now owns 5,153,339 shares of the bank’s stock worth $234,013,000 after purchasing an additional 2,395,500 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Zions Bancorporation NA by 13.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 4,726,342 shares of the bank’s stock worth $192,552,000 after purchasing an additional 565,470 shares during the period. Millennium Management LLC boosted its position in shares of Zions Bancorporation NA by 154.7% during the 4th quarter. Millennium Management LLC now owns 3,913,496 shares of the bank’s stock worth $159,436,000 after purchasing an additional 2,376,929 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Zions Bancorporation NA by 3.7% during the 4th quarter. American Century Companies Inc. now owns 3,742,385 shares of the bank’s stock worth $152,465,000 after purchasing an additional 133,547 shares during the period. 96.00% of the stock is owned by institutional investors and hedge funds.

ZION has been the subject of several research reports. Vining Sparks reaffirmed a “buy” rating and set a $63.00 price objective on shares of Zions Bancorporation NA in a research note on Thursday, January 24th. BidaskClub raised shares of Zions Bancorporation NA from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. ValuEngine raised shares of Zions Bancorporation NA from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, JPMorgan Chase & Co. cut shares of Zions Bancorporation NA from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $53.00 to $50.00 in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Zions Bancorporation NA currently has a consensus rating of “Hold” and an average target price of $54.87.

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Zions Bancorporation NA Company Profile

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

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