Vanguard Personalized Indexing Management LLC Increases Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Vanguard Personalized Indexing Management LLC increased its holdings in Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,913 shares of the bank’s stock after acquiring an additional 1,594 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Zions Bancorporation, National Association were worth $1,400,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Deutsche Bank AG lifted its stake in Zions Bancorporation, National Association by 22.1% in the 3rd quarter. Deutsche Bank AG now owns 389,686 shares of the bank’s stock worth $13,596,000 after purchasing an additional 70,461 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Zions Bancorporation, National Association by 55.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank’s stock worth $2,644,000 after buying an additional 21,551 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Zions Bancorporation, National Association by 119.8% in 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 acquiring an additional 1,259,571 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at about $1,268,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Zions Bancorporation, National Association by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,746,184 shares of the bank’s stock valued at $164,345,000 after acquiring an additional 27,934 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Shares of Zions Bancorporation, National Association stock opened at $44.96 on Friday. The company’s fifty day simple moving average is $42.00 and its two-hundred day simple moving average is $40.55. Zions Bancorporation, National Association has a 12-month low of $25.77 and a 12-month high of $46.15. The firm has a market cap of $6.64 billion, a PE ratio of 11.30 and a beta of 1.13. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last posted its earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) 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 return on equity of 14.05% and a net margin of 13.23%. During the same period in the previous year, the business earned $1.33 earnings per share. As a group, equities analysts expect that Zions Bancorporation, National Association will post 4.37 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm 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 dividend of $0.41 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.65%. Zions Bancorporation, National Association’s dividend payout ratio is presently 41.21%.

Insider Buying and Selling

In other news, CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the sale, the chief executive officer now owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the transaction, the executive vice president now owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the transaction, the chief executive officer now directly owns 22,181 shares in the company, valued at $968,866.08. The disclosure for this sale can be found here. Insiders sold 12,746 shares of company stock valued at $537,630 over the last quarter. 2.22% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 23rd. UBS Group lowered their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 23rd. StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Jefferies Financial Group lowered their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. upped their price objective on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $43.16.

View Our Latest Analysis on Zions Bancorporation, National Association

Zions Bancorporation, National Association Company Profile

(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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