Zions Bancorporation, National Association (NASDAQ:ZION) Shares Acquired by Vest Financial LLC

Vest Financial LLC increased its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 45.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,663 shares of the bank's stock after buying an additional 14,330 shares during the period. Vest Financial LLC's holdings in Zions Bancorporation, National Association were worth $2,477,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in Zions Bancorporation, National Association during the third quarter worth $28,000. Venturi Wealth Management LLC lifted 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 purchasing an additional 1,671 shares in the last quarter. Brooklyn Investment Group purchased a new position in Zions Bancorporation, National Association during the third quarter valued at $119,000. TD Private Client Wealth LLC lifted its holdings in Zions Bancorporation, National Association by 15.2% during the third quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank's stock valued at $134,000 after purchasing an additional 375 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new position in Zions Bancorporation, National Association during the fourth quarter valued at $201,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on ZION. UBS Group began coverage on shares of Zions Bancorporation, National Association in a report on Tuesday, December 17th. They set a "neutral" rating and a $64.00 price objective on the stock. Barclays increased their price objective on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a report on Wednesday, January 22nd. Robert W. Baird increased their target price 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. Truist Financial increased their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a "hold" rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley increased their target price on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $60.71.

Zions Bancorporation, National Association Stock Down 2.4 %

Shares of NASDAQ:ZION traded down $1.37 during trading on Wednesday, hitting $55.47. 853,752 shares of the company were exchanged, compared to its average volume of 1,182,370. 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. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation, National Association has a 12-month low of $38.01 and a 12-month high of $63.22. The firm's 50 day moving average price is $56.44 and its 200-day moving average price is $52.83.

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, topping 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 business had revenue of $820.00 million during the quarter, compared to the consensus estimate of $787.70 million. During the same quarter in the previous year, the firm earned $0.78 EPS. The company's revenue was up 12.2% compared to the same quarter last year. On average, research analysts predict that Zions Bancorporation, National Association will post 5.26 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

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

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of the company's stock in a transaction on 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 $5,265,325.92. This represents a 9.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 9,693 shares of company stock worth $591,377 in the last 90 days. 2.22% of the stock is owned by insiders.

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.