Leo Wealth LLC Invests $687,000 in Zions Bancorporation, National Association (NASDAQ:ZION)

Leo Wealth LLC purchased a new stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,557 shares of the bank's stock, valued at approximately $687,000.

A number of other hedge funds have also modified their holdings of ZION. Fidelis Capital Partners LLC purchased a new position in shares of Zions Bancorporation, National Association during the first quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new position in shares of Zions Bancorporation, National Association during the third quarter worth approximately $28,000. ORG Partners LLC purchased a new position in Zions Bancorporation, National Association in the 2nd quarter valued at $33,000. International Assets Investment Management LLC purchased a new position in Zions Bancorporation, National Association in the 2nd quarter valued at $34,000. Finally, Rothschild Investment LLC purchased a new position in Zions Bancorporation, National Association in the 2nd quarter valued at $39,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ:ZION traded down $0.62 during midday trading on Wednesday, hitting $51.89. 1,713,776 shares of the stock were exchanged, compared to its average volume of 2,123,462. The stock has a market cap of $7.66 billion, a P/E ratio of 12.89, a PEG ratio of 1.91 and a beta of 1.09. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. Zions Bancorporation, National Association has a twelve month low of $28.90 and a twelve month high of $53.32. The company has a 50 day moving average price of $47.72 and a 200-day moving average price of $45.33.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. During the same quarter in the previous year, the company posted $1.13 EPS. On average, research analysts forecast that Zions Bancorporation, National Association will post 4.53 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.16%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association's payout ratio is 41.21%.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Terry Alan Shirey sold 1,917 shares of the business's stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares of the company's stock, valued at approximately $1,275,859.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the sale, the executive vice president now owns 24,640 shares in the company, valued at $1,275,859.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Scott J. Mclean sold 60,000 shares of Zions Bancorporation, National Association stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $51.83, for a total value of $3,109,800.00. Following the completion of the sale, the president now owns 74,286 shares of the company's stock, valued at $3,850,243.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,073 shares of company stock valued at $3,476,298. 2.22% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on ZION. JPMorgan Chase & Co. lowered their price objective on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday. Wedbush lifted 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. Wells Fargo & Company lifted their price objective on shares of Zions Bancorporation, National Association from $50.00 to $54.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Compass Point lifted their price objective on shares of Zions Bancorporation, National Association from $49.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of "Hold" and a consensus price target of $51.50.

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.