HB Wealth Management LLC Boosts Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

HB Wealth Management LLC increased its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 16.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,396 shares of the bank’s stock after purchasing an additional 1,432 shares during the quarter. HB Wealth Management LLC’s holdings in Zions Bancorporation, National Association were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its holdings in Zions Bancorporation, National Association by 105.4% in the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after purchasing an additional 331 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Zions Bancorporation, National Association during the 4th quarter worth $29,000. Quarry LP bought a new stake in shares of Zions Bancorporation, National Association in the 4th quarter worth about $49,000. American Capital Advisory LLC raised its stake in shares of Zions Bancorporation, National Association by 58.5% in the 1st quarter. American Capital Advisory LLC now owns 1,328 shares of the bank’s stock valued at $58,000 after purchasing an additional 490 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position 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 worth $93,000 after purchasing an additional 2,076 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Evercore ISI increased their target price on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. lifted their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. StockNews.com raised shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Friday, June 28th. Royal Bank of Canada increased their price objective on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 23rd. Finally, Truist Financial reissued a “hold” rating and issued a $46.00 target price on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $43.82.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Rebecca K. Robinson sold 5,291 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction 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 $970,911.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the transaction, 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 filing with the SEC, which is available at the SEC website. Also, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total transaction of $231,005.06. Following the sale, the executive vice president now directly owns 22,238 shares in the company, valued at $970,911.08. The disclosure for this sale can be found here. Insiders sold a total of 7,296 shares of company stock valued at $319,192 in the last three months. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association Price Performance

NASDAQ:ZION traded down $0.83 during midday trading on Friday, hitting $42.72. 509,796 shares of the stock were exchanged, compared to its average volume of 2,399,906. The business has a 50-day moving average price of $42.63 and a two-hundred day moving average price of $41.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 5.01 and a beta of 1.11. Zions Bancorporation, National Association has a one year low of $26.69 and a one year high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its 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). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $747.21 million. During the same period in the previous year, the firm earned $1.33 earnings per share. Sell-side analysts predict that Zions Bancorporation, National Association will post 4.37 EPS for the current 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. The ex-dividend date was Wednesday, May 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.84%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

About Zions Bancorporation, National Association

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.