Strategic Financial Concepts LLC Invests $2.54 Million in Zions Bancorporation, National Association (NASDAQ:ZION)

Strategic Financial Concepts LLC bought a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 46,784 shares of the bank's stock, valued at approximately $2,538,000.

A number of other institutional investors have also recently modified their holdings of ZION. Blue Trust Inc. grew its position in shares of Zions Bancorporation, National Association by 106.0% during the 3rd quarter. Blue Trust Inc. now owns 8,962 shares of the bank's stock valued at $389,000 after acquiring an additional 4,612 shares during the period. Raymond James & Associates lifted its stake in Zions Bancorporation, National Association by 65.0% in the 3rd quarter. Raymond James & Associates now owns 85,285 shares of the bank's stock valued at $4,027,000 after buying an additional 33,587 shares in the last quarter. OLD National Bancorp IN purchased a new position in Zions Bancorporation, National Association in the 3rd quarter valued at about $204,000. Vest Financial LLC lifted its stake in Zions Bancorporation, National Association by 16.4% in the 3rd quarter. Vest Financial LLC now owns 31,333 shares of the bank's stock valued at $1,480,000 after buying an additional 4,411 shares in the last quarter. Finally, WJ Interests LLC purchased a new position in Zions Bancorporation, National Association in the 3rd quarter valued at about $210,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ZION. Royal Bank of Canada raised their price target on shares of Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 22nd. Stephens raised their price target on shares of Zions Bancorporation, National Association from $62.00 to $64.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price target on the stock in a research note on Tuesday, January 7th. Evercore ISI raised their target price on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company raised their target price 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 equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Zions Bancorporation, National Association presently has a consensus rating of "Hold" and an average target price of $60.71.

Zions Bancorporation, National Association Trading Down 3.1 %

Zions Bancorporation, National Association stock traded down $1.70 during trading on Friday, hitting $53.42. The company had a trading volume of 1,364,405 shares, compared to its average volume of 1,204,218. Zions Bancorporation, National Association has a 1-year low of $38.01 and a 1-year high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The company's 50 day simple moving average is $56.03 and its 200-day simple moving average is $53.10. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $820.00 million during the quarter, compared to the consensus estimate of $787.70 million. During the same quarter last year, the firm earned $0.78 EPS. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. As a group, analysts expect that Zions Bancorporation, National Association will post 5.38 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.72 annualized dividend and a yield of 3.22%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 34.75%.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total value of $557,100.00. Following the completion of the transaction, the executive vice president now owns 45,847 shares in the company, valued at $2,554,136.37. The trade was a 17.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the completion of the transaction, the executive vice president now owns 29,313 shares of the company's stock, valued at approximately $1,655,305.11. This trade represents a 43.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,219 shares of company stock worth $2,420,122. Insiders own 2.22% of the company's stock.

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.