Coldstream Capital Management Inc. Sells 452 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Coldstream Capital Management Inc. trimmed its holdings in Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) by 5.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,384 shares of the bank’s stock after selling 452 shares during the period. Coldstream Capital Management Inc.’s holdings in Zions Bancorporation, National Association were worth $368,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ZION. Federated Hermes Inc. lifted its holdings in shares of Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after buying an additional 331 shares during the period. Versant Capital Management Inc raised its holdings in shares of Zions Bancorporation, National Association by 4,613.3% during 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 during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Zions Bancorporation, National Association by 15.5% in the third quarter. Daiwa Securities Group Inc. now owns 3,497 shares of the bank’s stock valued at $122,000 after purchasing an additional 469 shares in the last quarter. EMC Capital Management purchased a new stake in shares of Zions Bancorporation, National Association in the third quarter valued at approximately $126,000. Finally, Principal Securities Inc. purchased a new position in Zions Bancorporation, National Association in the fourth quarter worth approximately $126,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZION. 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. JPMorgan Chase & Co. raised their price target 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. UBS Group reduced their price target on shares of 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. Truist Financial restated 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, Morgan Stanley boosted their price objective on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a research note on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and a consensus price target of $43.33.

Get Our Latest Research Report on Zions Bancorporation, National Association

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, CEO Harris H. Simmons purchased 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was 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 filing with the SEC, which is accessible through the SEC website. In other Zions Bancorporation, National Association news, CEO Harris H. Simmons bought 4,000 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the chief executive officer now owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,296 shares of company stock valued at $319,192. 2.22% of the stock is owned by insiders.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION traded up $0.53 during midday trading on Friday, reaching $43.09. The stock had a trading volume of 947,256 shares, compared to its average volume of 1,472,530. Zions Bancorporation, National Association has a 1-year low of $26.35 and a 1-year high of $46.15. The firm’s fifty day simple moving average is $42.29 and its 200-day simple moving average is $40.86. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $6.36 billion, a P/E ratio of 10.83, a PEG ratio of 4.89 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last released its quarterly earnings data on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $747.21 million. During the same period in the previous year, the business posted $1.33 earnings per share. On average, equities research analysts forecast that Zions Bancorporation, National Association will post 4.37 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Wednesday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio is 41.21%.

Zions Bancorporation, National Association 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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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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