Axxcess Wealth Management LLC Sells 5,300 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Axxcess Wealth Management LLC lowered its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 42.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,100 shares of the bank’s stock after selling 5,300 shares during the period. Axxcess Wealth Management LLC’s holdings in Zions Bancorporation, National Association were worth $311,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in Zions Bancorporation, National Association by 1.4% during the third quarter. Invesco Ltd. now owns 3,973,319 shares of the bank’s stock valued at $138,629,000 after buying an additional 53,859 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Zions Bancorporation, National Association by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,718,250 shares of the bank’s stock valued at $129,730,000 after buying an additional 98,719 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in Zions Bancorporation, National Association by 16.9% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,326,970 shares of the bank’s stock valued at $81,188,000 after buying an additional 336,893 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Zions Bancorporation, National Association by 119.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock valued at $101,396,000 after buying an additional 1,259,571 shares during the period. Finally, Northern Trust Corp lifted its position in Zions Bancorporation, National Association by 18.4% during the third quarter. Northern Trust Corp now owns 1,646,005 shares of the bank’s stock valued at $57,429,000 after buying an additional 255,473 shares during the period. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Up 0.7 %

Zions Bancorporation, National Association stock opened at $44.13 on Thursday. The business has a 50-day simple moving average of $41.43 and a two-hundred day simple moving average of $39.84. The company has a market cap of $6.51 billion, a P/E ratio of 11.09 and a beta of 1.13. Zions Bancorporation, National Association has a 52-week low of $21.96 and a 52-week high of $46.15. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Analysts predict that Zions Bancorporation, National Association will post 4.38 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.72%. The ex-dividend date is Wednesday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio is 41.21%.

Insider Buying and Selling

In related news, EVP Rebecca K. Robinson sold 5,291 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Rebecca K. Robinson sold 5,291 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the sale, the executive vice president now directly owns 44,056 shares of the company’s stock, valued at $1,797,925.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,888 shares of company stock valued at $827,655. 2.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on ZION shares. Wedbush lowered their price objective on Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. lifted their price target on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. UBS Group lowered their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, April 23rd. Evercore ISI lifted their price target on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They issued a “hold” rating and a $47.00 price target for the company. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $43.16.

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.