Vaughan Nelson Investment Management L.P. Acquires 14,070 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Vaughan Nelson Investment Management L.P. increased its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,698,530 shares of the bank's stock after purchasing an additional 14,070 shares during the period. Zions Bancorporation, National Association makes up about 1.4% of Vaughan Nelson Investment Management L.P.'s holdings, making the stock its 23rd biggest position. Vaughan Nelson Investment Management L.P. owned 1.83% of Zions Bancorporation, National Association worth $146,396,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ZION. State Street Corp raised its position in Zions Bancorporation, National Association by 14.6% in the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank's stock valued at $332,515,000 after buying an additional 896,889 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Zions Bancorporation, National Association by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank's stock worth $221,367,000 after purchasing an additional 140,084 shares during the period. Geode Capital Management LLC grew its stake in shares of Zions Bancorporation, National Association by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank's stock worth $124,592,000 after acquiring an additional 30,030 shares during the period. Wellington Management Group LLP purchased a new position in shares of Zions Bancorporation, National Association in the third quarter worth about $24,647,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Zions Bancorporation, National Association by 1.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 430,406 shares of the bank's stock valued at $20,324,000 after buying an additional 5,358 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 ZION traded down $1.37 on Wednesday, reaching $55.47. The company's stock had a trading volume of 853,752 shares, compared to its average volume of 1,182,370. 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 $8.19 billion, a P/E ratio of 11.21, a PEG ratio of 1.74 and a beta of 1.11. Zions Bancorporation, National Association has a 12-month low of $38.01 and a 12-month high of $63.22. The stock's 50 day simple moving average is $56.44 and its two-hundred day simple moving average is $52.83.

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

Zions Bancorporation, National Association Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Paul E. Burdiss sold 9,506 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the sale, the executive vice president now owns 86,232 shares in the company, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 9,693 shares of company stock valued at $591,377 in the last quarter. 2.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on ZION. 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 report on Wednesday, January 22nd. DA Davidson boosted their price objective on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Wedbush lifted their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada upped their price objective 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. Finally, Truist Financial boosted their target price on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a "hold" rating in a research note on Wednesday, October 23rd. 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 company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $60.71.

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.