Vanguard Personalized Indexing Management LLC Grows Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 14.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,505 shares of the bank’s stock after purchasing an additional 5,598 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Zions Bancorporation, National Association were worth $1,886,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new stake in Zions Bancorporation, National Association during the 1st quarter worth approximately $27,000. Jones Financial Companies Lllp acquired a new stake in Zions Bancorporation, National Association during the 4th quarter valued at approximately $29,000. ORG Partners LLC acquired a new stake in Zions Bancorporation, National Association during the 2nd quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new stake in Zions Bancorporation, National Association during the 2nd quarter valued at approximately $34,000. Finally, Rothschild Investment LLC acquired a new stake in Zions Bancorporation, National Association during the 2nd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION opened at $47.99 on Friday. The firm has a market cap of $7.09 billion, a PE ratio of 12.06, a PEG ratio of 2.83 and a beta of 1.09. The firm has a fifty day moving average of $48.00 and a 200 day moving average of $44.26. 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 one year low of $28.90 and a one year high of $53.32.

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

Zions Bancorporation, National Association Dividend Announcement

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

Insider Buying and Selling

In other news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction on Monday, July 29th. The shares were 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 owns 17,857 shares of the company’s stock, valued at $925,528.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction on Monday, July 29th. The shares were 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 owns 17,857 shares of the company’s stock, valued at $925,528.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Terry Alan Shirey sold 1,917 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $51.78, for a total transaction of $99,262.26. Following the sale, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at approximately $1,275,859.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,073 shares of company stock valued at $3,476,298. 2.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on ZION shares. Jefferies Financial Group decreased their price objective on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, September 11th. Wolfe Research upgraded shares of Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday. Robert W. Baird lifted their price objective on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Compass Point lifted their price objective on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company decreased their price objective on shares of Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association presently has an average rating of “Hold” and a consensus price target of $48.72.

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.