Johnson Investment Counsel Inc. Invests $220,000 in Zions Bancorporation, National Association (NASDAQ:ZION)

Johnson Investment Counsel Inc. acquired a new stake in Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) during the fourth quarter, HoldingsChannel reports. The fund acquired 5,020 shares of the bank’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently bought and sold shares of ZION. Invesco Ltd. raised its position in shares of Zions Bancorporation, National Association by 1.4% in the 3rd quarter. Invesco Ltd. now owns 3,973,319 shares of the bank’s stock valued at $138,629,000 after acquiring an additional 53,859 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Zions Bancorporation, National Association by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,746,184 shares of the bank’s stock worth $164,345,000 after purchasing an additional 27,934 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of Zions Bancorporation, National Association by 16.9% in the 3rd 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 in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Zions Bancorporation, National Association by 119.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after buying an additional 1,259,571 shares during the period. Finally, Northern Trust Corp lifted its holdings 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 worth $57,429,000 after acquiring an additional 255,473 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insider Activity

In other news, CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the sale, the chief executive officer now directly owns 22,181 shares in the company, valued at approximately $968,866.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Zions Bancorporation, National Association news, CEO Harris H. Simmons bought 4,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were acquired 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 directly owns 1,312,987 shares of the company’s stock, valued at approximately $50,602,518.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the sale, the chief executive officer now owns 22,181 shares in the company, valued at $968,866.08. The disclosure for this sale can be found here. Insiders sold a total of 19,888 shares of company stock valued at $827,655 over the last three months. Corporate insiders own 2.22% of the company’s stock.

Wall Street Analyst Weigh In

ZION has been the subject of several recent analyst reports. Robert W. Baird lowered their price target on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Evercore ISI raised their target price on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Morgan Stanley upped their price target on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a report on Wednesday, February 7th. Truist Financial reissued a “hold” rating and set a $46.00 price objective on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Finally, Wedbush cut their price objective on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and an average price target of $43.16.

View Our Latest Research Report on ZION

Zions Bancorporation, National Association Trading Up 1.2 %

NASDAQ ZION opened at $45.10 on Thursday. Zions Bancorporation, National Association has a 52 week low of $23.68 and a 52 week high of $46.15. The business has a 50 day moving average price of $41.88 and a 200-day moving average price of $40.35. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 11.33 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.02). The business had revenue of $1.21 billion during 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 period in the previous year, the business posted $1.33 EPS. As a group, equities analysts expect that Zions Bancorporation, National Association will post 4.38 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.64%. Zions Bancorporation, National Association’s payout ratio is presently 41.21%.

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.

See Also

Want to see what other hedge funds are holding ZION? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zions Bancorporation, National Association (NASDAQ:ZIONFree Report).

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

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