Global Financial Private Client LLC Purchases 429 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Global Financial Private Client LLC raised its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,501 shares of the bank’s stock after acquiring an additional 429 shares during the quarter. Global Financial Private Client LLC’s holdings in Zions Bancorporation, National Association were worth $1,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ZION. Neville Rodie & Shaw Inc. bought a new stake in Zions Bancorporation, National Association during the 4th quarter worth approximately $477,000. Nordea Investment Management AB raised its position in shares of Zions Bancorporation, National Association by 6.3% during the fourth quarter. Nordea Investment Management AB now owns 225,840 shares of the bank’s stock valued at $12,306,000 after buying an additional 13,329 shares during the last quarter. GAMMA Investing LLC grew its stake in Zions Bancorporation, National Association by 4.4% during the fourth quarter. GAMMA Investing LLC now owns 9,514 shares of the bank’s stock valued at $516,000 after acquiring an additional 403 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Zions Bancorporation, National Association by 13.6% in the third quarter. Franklin Resources Inc. now owns 203,567 shares of the bank’s stock worth $10,195,000 after purchasing an additional 24,414 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Zions Bancorporation, National Association during the third quarter valued at approximately $226,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the transaction, the vice president now directly owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 4,385 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the sale, the executive vice president now directly owns 24,714 shares in the company, valued at $1,321,210.44. The trade was a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,881 shares of company stock worth $1,108,184 over the last three months. 2.22% of the stock is currently owned by insiders.

Zions Bancorporation, National Association Stock Up 1.9 %

NASDAQ:ZION opened at $54.35 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a twelve month low of $37.76 and a twelve month high of $63.22. The company has a market cap of $8.03 billion, a PE ratio of 12.38, a P/E/G ratio of 5.10 and a beta of 1.12. The company’s 50 day moving average is $57.26 and its two-hundred day moving average is $51.26.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same period in the previous year, the company earned $1.13 earnings per share. Analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.16%. Zions Bancorporation, National Association’s dividend payout ratio is currently 39.18%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ZION shares. Royal Bank of Canada increased their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. UBS Group started coverage on Zions Bancorporation, National Association in a report on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 price target on the stock. Truist Financial raised their price target on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $58.25.

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.