46,784 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 46,784 shares of the bank's stock, valued at approximately $2,538,000.

Other institutional investors also recently bought and sold shares of the company. Atomi Financial Group Inc. boosted its position in Zions Bancorporation, National Association by 15.9% in the third quarter. Atomi Financial Group Inc. now owns 5,492 shares of the bank's stock worth $259,000 after purchasing an additional 754 shares during the last quarter. CWM LLC boosted its holdings in shares of Zions Bancorporation, National Association by 61.7% in the third quarter. CWM LLC now owns 32,503 shares of the bank's stock worth $1,535,000 after buying an additional 12,399 shares during the last quarter. Ritholtz Wealth Management bought a new stake in Zions Bancorporation, National Association during the third quarter valued at approximately $238,000. Inspire Investing LLC grew its position in Zions Bancorporation, National Association by 7.5% during the third quarter. Inspire Investing LLC now owns 8,727 shares of the bank's stock valued at $412,000 after buying an additional 610 shares during the period. Finally, CVA Family Office LLC increased its holdings in Zions Bancorporation, National Association by 0.9% during the third quarter. CVA Family Office LLC now owns 25,223 shares of the bank's stock valued at $1,191,000 after buying an additional 217 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ZION. Wedbush increased their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their target price on Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. UBS Group assumed coverage on shares of Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They set a "neutral" rating and a $64.00 price objective for the company. Royal Bank of Canada raised their target price on shares of Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company lifted 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 note on Friday, November 15th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $60.71.

Zions Bancorporation, National Association Stock Down 0.0 %

Shares of NASDAQ ZION traded down $0.02 during midday trading on Thursday, reaching $55.45. 1,291,819 shares of the company's stock traded hands, compared to its average volume of 1,186,142. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 1.74 and a beta of 1.11. The stock's 50 day simple moving average is $56.37 and its 200-day simple moving average is $52.85. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a one year low of $38.01 and a one year high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.08. The company had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. On average, analysts predict that Zions Bancorporation, National Association will post 5.26 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, February 13th. Zions Bancorporation, National Association's payout ratio is presently 34.75%.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Paul E. Burdiss sold 9,506 shares of the business'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 sale, the executive vice president now owns 86,232 shares in the company, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 9,693 shares of company stock valued at $591,377. Corporate insiders own 2.22% of the company's stock.

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.