Blue Trust Inc. Lowers Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Blue Trust Inc. lessened its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 59.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,618 shares of the bank’s stock after selling 5,344 shares during the quarter. Blue Trust Inc.’s holdings in Zions Bancorporation, National Association were worth $196,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZION. Venturi Wealth Management LLC lifted its stake in shares of Zions Bancorporation, National Association by 209.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock valued at $117,000 after purchasing an additional 1,671 shares during the period. Brooklyn Investment Group bought a new position in Zions Bancorporation, National Association during the 3rd quarter valued at approximately $119,000. TD Private Client Wealth LLC increased its position in Zions Bancorporation, National Association by 15.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock valued at $134,000 after buying an additional 375 shares in the last quarter. Crewe Advisors LLC increased its position in Zions Bancorporation, National Association by 24.9% during the 3rd quarter. Crewe Advisors LLC now owns 3,950 shares of the bank’s stock valued at $187,000 after buying an additional 787 shares in the last quarter. Finally, Diversify Wealth Management LLC bought a new position in Zions Bancorporation, National Association during the 4th quarter valued at approximately $201,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Steven Dan Stephens sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total value of $557,100.00. Following the sale, the executive vice president now directly owns 45,847 shares in the company, valued at approximately $2,554,136.37. The trade was a 17.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jennifer Anne Smith sold 22,673 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the sale, the executive vice president now owns 29,313 shares in the company, valued at $1,655,305.11. This represents a 43.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,219 shares of company stock valued at $2,420,122 over the last 90 days. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Price Performance

NASDAQ ZION opened at $56.46 on Thursday. The company has a market capitalization of $8.34 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.63 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 business’s fifty day moving average is $56.18 and its 200 day moving average is $53.03. Zions Bancorporation, National Association has a fifty-two week low of $38.01 and a fifty-two week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. The business 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 revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. Sell-side analysts predict that Zions Bancorporation, National Association will post 5.38 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Thursday, February 13th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 34.75%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ZION shares. The Goldman Sachs Group raised Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, January 7th. Stephens raised their price objective on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 22nd. Compass Point raised their price objective on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. DA Davidson raised their price objective on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and a consensus target price of $60.71.

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.