Drive Wealth Management LLC Makes New $250,000 Investment in Zions Bancorporation, National Association (NASDAQ:ZION)

Drive Wealth Management LLC purchased a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,693 shares of the bank’s stock, valued at approximately $250,000.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of Zions Bancorporation, National Association in the third quarter valued at $27,000. IFP Advisors Inc raised its stake in shares of Zions Bancorporation, National Association by 628.2% in the second quarter. IFP Advisors Inc now owns 954 shares of the bank’s stock valued at $26,000 after acquiring an additional 823 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Zions Bancorporation, National Association by 51.5% in the first quarter. Parkside Financial Bank & Trust now owns 1,251 shares of the bank’s stock valued at $83,000 after acquiring an additional 425 shares in the last quarter. Ronald Blue Trust Inc. raised its stake in shares of Zions Bancorporation, National Association by 274.6% in the third quarter. Ronald Blue Trust Inc. now owns 2,098 shares of the bank’s stock valued at $73,000 after acquiring an additional 1,538 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Zions Bancorporation, National Association by 4,613.3% in the fourth quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock valued at $93,000 after acquiring an additional 2,076 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, CEO Harris H. Simmons acquired 4,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the chief executive officer now owns 1,312,987 shares of the company’s stock, valued at $50,602,518.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 7,500 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $40.81, for a total value of $306,075.00. Following the sale, the executive vice president now owns 44,056 shares of the company’s stock, valued at approximately $1,797,925.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Harris H. Simmons acquired 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the chief executive officer now directly owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The disclosure for this purchase can be found here. Insiders have sold a total of 18,022 shares of company stock valued at $744,893 over the last quarter. 2.22% of the stock is currently owned by insiders.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $42.42 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. Zions Bancorporation, National Association has a 52-week low of $18.26 and a 52-week high of $46.15. The business’s 50-day moving average price is $40.88 and its 200 day moving average price is $38.53. The firm has a market cap of $6.26 billion, a P/E ratio of 9.75 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last released its quarterly earnings results 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). Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $754.81 million. During the same period in the prior year, the business earned $1.84 EPS. On average, equities research analysts expect that Zions Bancorporation, National Association will post 4.32 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio is currently 37.70%.

Analysts Set New Price Targets

ZION has been the topic of several analyst reports. Evercore ISI increased their price objective on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Robert W. Baird reduced their price objective on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23rd. Truist Financial reiterated a “hold” rating and issued a $46.00 price objective on shares of Zions Bancorporation, National Association in a research note on Monday. Wells Fargo & Company raised their price target on 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, Royal Bank of Canada restated 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 issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and an average price target of $41.16.

Check Out Our Latest Research Report on ZION

About Zions Bancorporation, National Association

(Free Report)

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.

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

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