Zions Bancorporation, National Association (NASDAQ:ZION) Shares Acquired by Choreo LLC

Choreo LLC boosted its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 84.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,079 shares of the bank's stock after purchasing an additional 5,513 shares during the period. Choreo LLC's holdings in Zions Bancorporation, National Association were worth $656,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in shares of Zions Bancorporation, National Association in the third quarter worth $28,000. Venturi Wealth Management LLC grew its stake in shares of Zions Bancorporation, National Association by 209.1% in the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank's stock worth $117,000 after acquiring an additional 1,671 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Zions Bancorporation, National Association in the third quarter worth $119,000. TD Private Client Wealth LLC grew its stake in shares of Zions Bancorporation, National Association by 15.2% in the third quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank's stock worth $134,000 after acquiring an additional 375 shares in the last quarter. Finally, Crewe Advisors LLC grew its stake in shares of Zions Bancorporation, National Association by 24.9% in the third quarter. Crewe Advisors LLC now owns 3,950 shares of the bank's stock worth $187,000 after acquiring an additional 787 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ:ZION traded up $0.29 on Friday, reaching $55.74. The company's stock had a trading volume of 1,341,319 shares, compared to its average volume of 1,191,354. The stock's 50-day moving average is $56.30 and its two-hundred day moving average is $52.87. Zions Bancorporation, National Association has a 52-week low of $38.01 and a 52-week high of $63.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $8.23 billion, a P/E ratio of 11.26, a PEG ratio of 1.74 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The business had revenue of $820.00 million during the quarter, compared to analysts' expectations of $787.70 million. During the same period in the prior year, the company earned $0.78 earnings per share. The business's revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Zions Bancorporation, National Association will post 5.26 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.09%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 34.75%.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total transaction of $557,100.00. Following the transaction, the executive vice president now directly owns 45,847 shares in the company, valued at approximately $2,554,136.37. This represents a 17.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Paul E. Burdiss sold 9,506 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the transaction, the executive vice president now owns 86,232 shares in the company, valued at $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,693 shares of company stock worth $1,148,477 over the last ninety days. 2.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on ZION. Morgan Stanley lifted their price objective on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Truist Financial lifted their price objective on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd. Robert W. Baird lifted their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lifted their price objective on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, November 15th. Finally, Wedbush lifted their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $60.71.

Zions Bancorporation, National Association 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.