Stratos Wealth Partners LTD. Lowers Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Stratos Wealth Partners LTD. reduced its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,490 shares of the bank’s stock after selling 2,356 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Zions Bancorporation, National Association were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ZION. CWM LLC grew its holdings in Zions Bancorporation, National Association by 61.7% during the 3rd quarter. CWM LLC now owns 32,503 shares of the bank’s stock valued at $1,535,000 after buying an additional 12,399 shares in the last quarter. Ritholtz Wealth Management purchased a new position in shares of Zions Bancorporation, National Association in the third quarter valued at $238,000. Inspire Investing LLC grew its holdings in shares of Zions Bancorporation, National Association by 7.5% in the third quarter. Inspire Investing LLC now owns 8,727 shares of the bank’s stock valued at $412,000 after purchasing an additional 610 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in Zions Bancorporation, National Association during the third quarter valued at $28,000. Finally, Blue Trust Inc. raised its stake in Zions Bancorporation, National Association by 106.0% during the third quarter. Blue Trust Inc. now owns 8,962 shares of the bank’s stock valued at $389,000 after purchasing an additional 4,612 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Shares of ZION stock opened at $56.84 on Wednesday. Zions Bancorporation, National Association has a fifty-two week low of $38.01 and a fifty-two week high of $63.22. 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 has a market capitalization of $8.40 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.74 and a beta of 1.11. The stock’s 50-day simple moving average is $56.52 and its 200-day simple moving average is $52.81.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The business had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. Zions Bancorporation, National Association’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 EPS. As a group, equities analysts forecast that Zions Bancorporation, National Association will post 5.26 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 13th will be issued a $0.43 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.72 annualized dividend and a yield of 3.03%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 34.75%.

Analyst Ratings Changes

ZION has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Morgan Stanley upped their price objective on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Wedbush lifted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. DA Davidson increased their price target on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, UBS Group started coverage on shares of Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They set a “neutral” rating and a $64.00 price target for the company. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.71.

Insiders Place Their Bets

In other news, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the transaction, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at $5,265,325.92. The trade was a 9.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.22% of the stock is currently owned by 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.