Additionally, Zions Bancorporation recently declared a quarterly dividend of $0.41 per share which was paid on Thursday, February 23rd for shareholders of record on Thursday, February 16th. The ex-dividend date was Wednesday, February 15th. With an annualized basis of $1.64 dividend and a yield of 5.38%, Zions Bancorporation’s payout ratio stands at 28.28%.

In other news related to Zions Bancorporation’s insiders selling stocks; EVP Terry Alan Shirey liquidated his position in the bank holding company after selling off his shares at an average price of $52.84 earning him nearly $118 thousand in value on Tuesday, January 31st this year. Following this transaction amounting to over two thousand shares sold off by Mr Shirey who still holds approximately nineteen thousand shares valued north of one million dollars – CEO Alan M Forney also sold four thousand three hundred and seven (4307) shares amounting to a total value just shy of two hundred and twenty-nine thousand USD resulting in CEA Forney having eighteen thousand fourteen cents ($18014) left that are worth approximately nine hundred fifty-five thousand dollars ($955102.28). It can be noted that Insiders have sold twelve thousand nine hundred thirty-two (12,932) shares within the past three months combined being valued at six hundred ninety-three thiusand four hundred fifty-eight US dollars ($693458); thus signifying a 1.81 % ownership of the stock being held by corporate insiders as of date.

Considering such developments, Zions Bancorporation continues to be an intriguing entity for investors despite recent insider dispositions of shares. The bank holding company’s shares currently trade at a price-to-earnings ratio of around 20 and a forward price-to-earnings ratio of just under 15 times estimated earnings per share, indicating potential value within the stock at present.

Institutional Investors and Analysts Weigh in on Zions Bancorporation’s Profitability Concerns

Zions Bancorporation, National Association (NASDAQ:ZION) has been making waves in the investment world lately as several institutional investors and hedge funds have recently acquired new positions or reduced their stakes in the company. Private Trust Co. NA acquired a new position in Zions Bancorporation, National Association during the second quarter worth approximately $29,000, while Fiduciary Alliance LLC added to its shares by acquiring a new position in the fourth quarter valued at approximately $36,000. Ronald Blue Trust Inc. increased its holdings by 58.7% during the same period and now owns 800 shares of the bank’s stock valued at $41,000 after purchasing an additional 296 shares.

Allworth Financial LP also increased its stake by 42.3% during the fourth quarter and now owns 958 shares of the bank’s stock valued at $47,000 after purchasing an additional 285 shares during that time. Finally, International Assets Investment Management LLC acquired a new position in shares of Zions Bancorporation, National Association in the third quarter of last year valued at approximately $50,000. As a result of these purchases and stake reductions from institutional investors and hedge funds alike.

Zions Bancorporation’s target price has been lowered by Barclays from $59.00 to $37.00; they set an “underweight” rating on the stock due to this reduction primarily because of profit concerns within shareholder circles.

Continuing with ratings information for Zions Bancorporation from various research analysts; Morgan Stanley recently dropped their target price on Zions Bancorporation from $59.00 to $34.00 – indicating equivalent weight as per earlier analysis reports regarding possible yield reduction forecast for future gains.

Newcomer StockNews.com assumed coverage on Zions Bancorporation in March last year issuing its own analysis report with a “hold” rating assigned to its stocks.

DA Davidson, on the other hand, raised its rating of Zions Bancorporation from “neutral” to “buy”, citing a fair valuation of assets as a basis for this upgrade. The bank’s stocks were given a target price of $56.

Keefe, Bruyette & Woods also weighed in from recent data trends and market analysis reviews by dropping their target pricing from $56.00 to $38.00 and setting an “underperform” rating on the stock due to perceived profit concerns, suggesting that a hold or potential sell-off trend might be emerging based on this deficiency in yield performance.

Zions Bancorporation declared and paid out a dividend of $0.41 per share on Thursday, Feb 23rd after shareholders’ records on Thursday, Feb 16th. This represents an annualized dividend payout ratio of 28.28% and is evenly spread among shareholders according to authorizations without prejudice or preference for any given pool or stake distribution patterns.

Overall, Zions Bancorporation has managed to maintain its status quo despite negative ratings assigned by some analysts recently based primarily upon analysis indicating that profitability will be highly uncertain because of market trends. However, investors remain wary about pumping more funds into the company at this stage until further clarity emerges regarding possible methods or strategies that could potentially reverse this downward trend in profitability measurements.

The post Insider Stock Selling and Dividend News for Zions Bancorporation, National Association (NASDAQ:ZION) appeared first on Best Stocks.