Spire Wealth Management Sells 3,355 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Spire Wealth Management trimmed its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) by 65.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,795 shares of the bank’s stock after selling 3,355 shares during the quarter. Spire Wealth Management’s holdings in Zions Bancorporation, National Association were worth $63,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ZION. Norges Bank bought a new stake in Zions Bancorporation, National Association during the 4th quarter worth approximately $91,760,000. State Street Corp grew its holdings in Zions Bancorporation, National Association by 14.9% during the 1st quarter. State Street Corp now owns 8,262,892 shares of the bank’s stock worth $247,308,000 after acquiring an additional 1,069,816 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Zions Bancorporation, National Association during the 2nd quarter worth approximately $18,044,000. BlackRock Inc. grew its holdings in Zions Bancorporation, National Association by 5.4% during the 1st quarter. BlackRock Inc. now owns 10,413,388 shares of the bank’s stock worth $311,673,000 after acquiring an additional 533,520 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of Zions Bancorporation, National Association by 1,278.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 495,680 shares of the bank’s stock valued at $24,368,000 after purchasing an additional 459,731 shares during the last quarter. 79.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Zions Bancorporation, National Association from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, October 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 price objective on shares of Zions Bancorporation, National Association in a research note on Tuesday, January 23rd. Piper Sandler reduced their price objective on shares of Zions Bancorporation, National Association from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, October 23rd. Wells Fargo & Company upped their price objective on shares of Zions Bancorporation, National Association from $32.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, December 14th. Finally, Stephens upped their price objective on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.79.

Get Our Latest Stock Report on Zions Bancorporation, National Association

Zions Bancorporation, National Association Stock Performance

ZION opened at $40.09 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10. The company’s fifty day moving average price is $42.09 and its two-hundred day moving average price is $37.35. Zions Bancorporation, National Association has a 1-year low of $18.26 and a 1-year high of $53.15. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 9.22 and a beta of 1.15.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last released its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.10). Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $754.81 million. During the same quarter in the previous year, the company posted $1.84 EPS. On average, analysts expect that Zions Bancorporation, National Association will post 4.32 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th will be issued a $0.41 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 4.09%. Zions Bancorporation, National Association’s dividend payout ratio is currently 37.70%.

Insider Activity

In other 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 value of $181,115.25. Following the completion of the sale, the vice president now owns 14,665 shares in the company, valued at $648,926.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other 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 value of $181,115.25. Following the completion of the sale, the vice president now owns 14,665 shares in the company, valued at $648,926.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Harris H. Simmons bought 3,600 shares of the stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average price of $38.99 per share, with a total value of $140,364.00. Following the acquisition, the chief executive officer now 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. Insiders sold a total of 5,970 shares of company stock worth $253,807 over the last quarter. Insiders own 1.81% of the company’s stock.

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.

See Also

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

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