Vanguard Personalized Indexing Management LLC Acquires 1,079 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Vanguard Personalized Indexing Management LLC increased its position in shares of Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,319 shares of the bank’s stock after purchasing an additional 1,079 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Zions Bancorporation, National Association were worth $1,058,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ZION. American Century Companies Inc. raised its position in Zions Bancorporation, National Association by 50.3% during the first quarter. American Century Companies Inc. now owns 33,685 shares of the bank’s stock valued at $2,209,000 after purchasing an additional 11,267 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Zions Bancorporation, National Association by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,168 shares of the bank’s stock valued at $1,060,000 after purchasing an additional 341 shares during the last quarter. HighTower Advisors LLC boosted its position in Zions Bancorporation, National Association by 2.7% in the first quarter. HighTower Advisors LLC now owns 17,117 shares of the bank’s stock valued at $1,120,000 after buying an additional 448 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Zions Bancorporation, National Association during the first quarter worth $267,000. Finally, Acadian Asset Management LLC grew its stake in shares of Zions Bancorporation, National Association by 453.6% during the first quarter. Acadian Asset Management LLC now owns 4,235 shares of the bank’s stock worth $277,000 after buying an additional 3,470 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock opened at $40.09 on Monday. Zions Bancorporation, National Association has a 52 week low of $18.26 and a 52 week high of $53.15. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $42.09 and a 200-day moving average price of $37.35. The company has a market cap of $5.94 billion, a PE ratio of 9.22 and a beta of 1.15.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $754.81 million. Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. During the same period in the prior year, the firm earned $1.84 earnings per share. Equities analysts anticipate that Zions Bancorporation, National Association will post 4.32 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 22nd. Investors of record on Thursday, February 15th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a yield of 4.09%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 37.70%.

Insiders Place Their Bets

In related news, VP A Scott Anderson sold 4,093 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $44.25, for a total transaction of $181,115.25. Following the completion of the transaction, the vice president now owns 14,665 shares in the company, valued at $648,926.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, VP A Scott Anderson sold 4,093 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $44.25, for a total value of $181,115.25. Following the transaction, the vice president now owns 14,665 shares in the company, valued at $648,926.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Harris H. Simmons bought 3,600 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was purchased at an average cost of $38.99 per share, with a total value of $140,364.00. Following the completion of the transaction, the chief executive officer now directly owns 1,261,866 shares of the company’s stock, valued at $49,200,155.34. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 5,970 shares of company stock valued at $253,807. Insiders own 1.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ZION has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on Zions Bancorporation, National Association from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. Stephens boosted their price objective on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 23rd. The Goldman Sachs Group raised their target price on Zions Bancorporation, National Association from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, December 18th. Piper Sandler reduced their price target on Zions Bancorporation, National Association from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, October 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 price target on shares of Zions Bancorporation, National Association in a research note on Tuesday, January 23rd. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.79.

Read Our Latest Report on ZION

About Zions Bancorporation, National Association

(Free Report)

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.

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Institutional Ownership by Quarter for Zions Bancorporation, National Association (NASDAQ:ZION)

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