Vaughan Nelson Investment Management L.P. Has $146.40 Million Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

Vaughan Nelson Investment Management L.P. grew its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,698,530 shares of the bank’s stock after purchasing an additional 14,070 shares during the period. Zions Bancorporation, National Association comprises 1.4% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 23rd largest holding. Vaughan Nelson Investment Management L.P.’s holdings in Zions Bancorporation, National Association were worth $146,396,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ZION. 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 stake in shares of Zions Bancorporation, National Association during the 3rd quarter valued at $510,000. Sequoia Financial Advisors LLC grew its holdings in shares of 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 in the last quarter. State Street Corp increased its position in shares of Zions Bancorporation, National Association by 14.6% in the third 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 period. Finally, Los Angeles Capital Management LLC raised its stake in Zions Bancorporation, National Association by 14.2% in the third quarter. Los Angeles Capital Management LLC now owns 351,148 shares of the bank’s stock valued at $16,581,000 after purchasing an additional 43,720 shares in the last quarter. 76.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ZION has been the topic of a number of analyst reports. Evercore ISI increased their price objective on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on shares of Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 22nd. Compass Point raised their target price on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. DA Davidson boosted their price target on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Barclays upped their price objective on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and a consensus target price of $60.71.

Zions Bancorporation, National Association Price Performance

ZION stock opened at $57.26 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a 52-week low of $38.01 and a 52-week high of $63.22. The company has a market capitalization of $8.46 billion, a P/E ratio of 11.57, a PEG ratio of 1.74 and a beta of 1.11. The company has a fifty day moving average price of $56.64 and a 200-day moving average price of $52.73.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping the consensus estimate of $1.26 by $0.08. The firm had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. As a group, equities analysts expect that Zions Bancorporation, National Association will post 5.26 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Thursday, February 13th. Zions Bancorporation, National Association’s dividend payout ratio is presently 34.75%.

Insiders Place Their Bets

In related news, EVP Paul E. Burdiss sold 9,506 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the transaction, the executive vice president now owns 86,232 shares in the company, valued at $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eric Ellingsen sold 1,238 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the sale, the vice president now directly owns 35,878 shares in the company, valued at $2,182,817.52. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,891 shares of company stock worth $664,456. 2.22% of the stock is currently owned by insiders.

Zions Bancorporation, National Association Company 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.