Federated Hermes Inc. Has $703,000 Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Federated Hermes Inc. cut its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,220 shares of the bank’s stock after selling 870 shares during the quarter. Federated Hermes Inc.’s holdings in Zions Bancorporation, National Association were worth $703,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in Zions Bancorporation, National Association by 103.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock worth $7,163,000 after acquiring an additional 4,993,164 shares during the period. Norges Bank bought a new position in shares of Zions Bancorporation, National Association in the fourth quarter worth $67,694,000. Principal Financial Group Inc. increased its position in shares of Zions Bancorporation, National Association by 197.5% in the first quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock worth $24,616,000 after purchasing an additional 376,549 shares during the period. rhino investment partners Inc acquired a new position in Zions Bancorporation, National Association in the fourth quarter valued at about $15,553,000. Finally, Rafferty Asset Management LLC lifted its position in Zions Bancorporation, National Association by 93.1% during the fourth quarter. Rafferty Asset Management LLC now owns 683,552 shares of the bank’s stock worth $29,987,000 after purchasing an additional 329,550 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares in the company, valued at approximately $1,275,859.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the sale, the vice president now directly owns 17,857 shares in the company, valued at approximately $925,528.31. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The disclosure for this sale can be found here. Insiders have sold 67,073 shares of company stock worth $3,476,298 over the last ninety days. Insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on ZION shares. Argus cut shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Wolfe Research upgraded shares of Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group reduced their target price on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, September 11th. Stephens boosted their price target on Zions Bancorporation, National Association from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Finally, StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $48.72.

Zions Bancorporation, National Association Price Performance

ZION stock opened at $47.99 on Monday. The company has a market capitalization of $7.09 billion, a P/E ratio of 12.06, a PEG ratio of 2.83 and a beta of 1.09. The company has a fifty day moving average price of $48.00 and a 200-day moving average price of $44.29. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. Zions Bancorporation, National Association has a 52-week low of $28.90 and a 52-week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The business had revenue of $776.00 million during the quarter, compared to analyst estimates of $761.61 million. During the same period last year, the company earned $1.11 EPS. Zions Bancorporation, National Association’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts expect that Zions Bancorporation, National Association will post 4.52 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

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.