Allworth Financial LP Has $366,000 Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

Allworth Financial LP lowered its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,300 shares of the bank’s stock after selling 456 shares during the quarter. Allworth Financial LP’s holdings in Zions Bancorporation, National Association were worth $366,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Zions Bancorporation, National Association during the third quarter worth approximately $583,000. Cornercap Investment Counsel Inc. bought a new position in Zions Bancorporation, National Association during the 3rd quarter worth $510,000. Sequoia Financial Advisors LLC raised its position in Zions Bancorporation, National Association by 1.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank’s stock worth $1,302,000 after purchasing an additional 506 shares during the last quarter. State Street Corp raised its position in Zions Bancorporation, National Association by 14.6% during the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock worth $332,515,000 after purchasing an additional 896,889 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Zions Bancorporation, National Association by 14.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 351,148 shares of the bank’s stock worth $16,581,000 after acquiring an additional 43,720 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION opened at $53.42 on Friday. Zions Bancorporation, National Association has a fifty-two week low of $38.01 and a fifty-two week high of $63.22. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.65 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The firm’s 50-day simple moving average is $56.03 and its 200 day simple moving average is $53.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The business had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $787.70 million. During the same quarter last year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, research analysts anticipate that Zions Bancorporation, National Association will post 5.38 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.72 annualized dividend and a dividend yield of 3.22%. Zions Bancorporation, National Association’s dividend payout ratio is currently 34.75%.

Wall Street Analyst Weigh In

ZION has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada increased their price target on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Evercore ISI increased their price target on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Stephens increased their price target on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 22nd. Finally, DA Davidson raised their target price on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.71.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total transaction of $557,100.00. Following the transaction, the executive vice president now owns 45,847 shares of the company’s stock, valued at $2,554,136.37. This trade represents a 17.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the transaction, the executive vice president now directly owns 86,232 shares in the company, valued at approximately $5,265,325.92. This represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,219 shares of company stock valued at $2,420,122 in the last 90 days. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association 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.