Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC decreased its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 42.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,100 shares of the bank’s stock after selling 5,300 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Zions Bancorporation, National Association were worth $311,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Deutsche Bank AG grew its position in shares of Zions Bancorporation, National Association by 22.1% in the 3rd quarter. Deutsche Bank AG now owns 389,686 shares of the bank’s stock worth $13,596,000 after acquiring an additional 70,461 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Zions Bancorporation, National Association by 55.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank’s stock worth $2,644,000 after acquiring an additional 21,551 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Zions Bancorporation, National Association by 119.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after acquiring an additional 1,259,571 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Zions Bancorporation, National Association in the 4th quarter worth approximately $1,268,000. Finally, Nordea Investment Management AB boosted its position in Zions Bancorporation, National Association by 55.2% during the 4th quarter. Nordea Investment Management AB now owns 264,384 shares of the bank’s stock valued at $11,678,000 after purchasing an additional 94,077 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ZION shares. JPMorgan Chase & Co. boosted their price objective on 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. Deutsche Bank Aktiengesellschaft started coverage on Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They set a “hold” rating and a $47.00 price objective for the company. Royal Bank of Canada boosted their price objective on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 23rd. Wedbush reduced their price objective on Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. Finally, Truist Financial restated a “hold” rating and set a $46.00 price objective on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of “Hold” and a consensus target price of $43.16.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the sale, the executive vice president now directly owns 44,056 shares of the company’s stock, valued at $1,797,925.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Mark Richard Young sold 5,597 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $40.21, for a total transaction of $225,055.37. Following the transaction, the vice president now owns 12,133 shares in the company, valued at approximately $487,867.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven Dan Stephens sold 7,500 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the transaction, the executive vice president now owns 44,056 shares in the company, valued at approximately $1,797,925.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,888 shares of company stock worth $827,655. 2.22% of the stock is owned by corporate insiders.

Zions Bancorporation, National Association Stock Performance

Shares of ZION stock opened at $44.13 on Thursday. Zions Bancorporation, National Association has a 1-year low of $21.96 and a 1-year high of $46.15. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 11.09 and a beta of 1.13. The stock’s fifty day simple moving average is $41.43 and its 200-day simple moving average is $39.84.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $747.21 million. During the same quarter in the prior year, the firm posted $1.33 EPS. On average, sell-side analysts predict that Zions Bancorporation, National Association will post 4.38 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.41 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.72%. Zions Bancorporation, National Association’s dividend payout ratio is 41.21%.

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.