Delta Capital Management LLC Makes New $242,000 Investment in Zions Bancorporation, National Association (NASDAQ:ZION)

Delta Capital Management LLC acquired a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,460 shares of the bank's stock, valued at approximately $242,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter valued at about $28,000. Abich Financial Wealth Management LLC boosted its holdings in shares of Zions Bancorporation, National Association by 26.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank's stock worth $61,000 after buying an additional 296 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Zions Bancorporation, National Association during the second quarter valued at approximately $101,000. Venturi Wealth Management LLC increased its holdings in Zions Bancorporation, National Association by 209.1% during the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank's stock valued at $117,000 after buying an additional 1,671 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Zions Bancorporation, National Association in the third quarter worth approximately $119,000. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Price Performance

Shares of ZION traded up $0.76 during mid-day trading on Monday, hitting $58.04. 1,200,633 shares of the stock were exchanged, compared to its average volume of 1,173,647. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $8.57 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 2.86 and a beta of 1.12. Zions Bancorporation, National Association has a 52-week low of $37.76 and a 52-week high of $63.22. The firm has a 50-day moving average of $57.30 and a two-hundred day moving average of $51.66.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. During the same quarter last year, the business earned $1.13 earnings per share. On average, equities analysts predict that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.43 dividend. This is an increase from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. The ex-dividend date was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.96%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 39.18%.

Wall Street Analysts Forecast Growth

ZION has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Barclays upped their price target on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock an "underweight" rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on 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. Truist Financial raised their target price 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, Wells Fargo & Company upped their price target 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. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Zions Bancorporation, National Association has an average rating of "Hold" and an average target price of $58.25.

Insider Buying and Selling

In related news, EVP Paul E. Burdiss sold 9,506 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total value of $234,422.10. Following the completion of the sale, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,321,210.44. The trade was a 15.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,881 shares of company stock worth $1,108,184. Corporate insiders own 2.22% of the company's stock.

About Zions Bancorporation, National Association

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.