HB Wealth Management LLC Purchases 1,555 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

HB Wealth Management LLC grew its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 21.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,964 shares of the bank’s stock after acquiring an additional 1,555 shares during the quarter. HB Wealth Management LLC’s holdings in Zions Bancorporation, National Association were worth $393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of Zions Bancorporation, National Association by 4.3% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,392 shares of the bank’s stock valued at $274,000 after acquiring an additional 221 shares during the last quarter. Creative Planning lifted its position in Zions Bancorporation, National Association by 2.5% in the second quarter. Creative Planning now owns 11,260 shares of the bank’s stock worth $573,000 after buying an additional 275 shares during the last quarter. Empirical Finance LLC lifted its position in Zions Bancorporation, National Association by 7.6% in the fourth quarter. Empirical Finance LLC now owns 4,240 shares of the bank’s stock worth $208,000 after buying an additional 301 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in Zions Bancorporation, National Association by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank’s stock worth $2,229,000 after buying an additional 330 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Zions Bancorporation, National Association by 7.5% in the fourth quarter. Mackenzie Financial Corp now owns 4,881 shares of the bank’s stock worth $240,000 after buying an additional 340 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Price Performance

Shares of ZION stock opened at $43.15 on Thursday. Zions Bancorporation, National Association has a 1-year low of $18.26 and a 1-year high of $46.15. The stock’s 50-day moving average is $40.80 and its 200 day moving average is $38.33. The company has a market cap of $6.37 billion, a P/E ratio of 9.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $754.81 million. Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. During the same period in the previous year, the business earned $1.84 EPS. Research analysts predict that Zions Bancorporation, National Association will post 4.32 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio is presently 37.70%.

Insiders Place Their Bets

In related news, VP A Scott Anderson sold 4,093 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $44.25, for a total transaction of $181,115.25. Following the completion of the sale, the vice president now owns 14,665 shares of the company’s stock, valued at $648,926.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 4,093 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $44.25, for a total value of $181,115.25. Following the sale, the vice president now owns 14,665 shares in the company, valued at approximately $648,926.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Harris H. Simmons acquired 3,600 shares of the stock in a transaction on Tuesday, February 6th. The stock was bought at an average price of $38.99 per share, for a total transaction of $140,364.00. Following the transaction, the chief executive officer now owns 1,261,866 shares in the company, valued at approximately $49,200,155.34. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 18,022 shares of company stock valued at $744,893. 2.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price target on shares of Zions Bancorporation, National Association in a research report on Tuesday, January 23rd. Compass Point reiterated a “neutral” rating on shares of Zions Bancorporation, National Association in a research note on Monday, January 8th. TheStreet upgraded Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Wedbush reduced their target price on Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23rd. Finally, The Goldman Sachs Group increased their target price on Zions Bancorporation, National Association from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, December 18th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.79.

Zions Bancorporation, National Association Company Profile

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.