Zions Bancorporation, National Association (NASDAQ:ZION) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,802 shares of the bank’s stock after purchasing an additional 332 shares during the quarter. Venturi Wealth Management LLC’s holdings in Zions Bancorporation, National Association were worth $152,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its stake in shares of Zions Bancorporation, National Association by 65.0% in the 3rd quarter. Raymond James & Associates now owns 85,285 shares of the bank’s stock worth $4,027,000 after acquiring an additional 33,587 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Zions Bancorporation, National Association by 1.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank’s stock worth $1,302,000 after acquiring an additional 506 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Zions Bancorporation, National Association by 4,621.0% in the 3rd quarter. International Assets Investment Management LLC now owns 37,485 shares of the bank’s stock worth $1,770,000 after acquiring an additional 36,691 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Zions Bancorporation, National Association by 124.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 290,165 shares of the bank’s stock worth $13,702,000 after acquiring an additional 161,118 shares during the last quarter. Finally, Lake Street Advisors Group LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter worth $206,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Performance

Shares of ZION opened at $53.42 on Friday. The stock has a 50-day simple moving average of $56.03 and a 200-day simple moving average of $53.15. 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 stock has a market capitalization of $7.89 billion, a PE ratio of 10.79, a PEG ratio of 1.61 and a beta of 1.11. Zions Bancorporation, National Association has a 1 year low of $38.01 and a 1 year 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. The business had revenue of $820.00 million during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $0.78 EPS. On average, analysts predict that Zions Bancorporation, National Association will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Thursday, February 13th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 34.75%.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the sale, the executive vice president now owns 86,232 shares of the company’s stock, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven Dan Stephens sold 10,000 shares of the firm’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 $2,554,136.37. This trade represents a 17.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,219 shares of company stock valued at $2,420,122. Corporate insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

ZION has been the subject of a number of research analyst reports. Barclays increased their price target on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an “underweight” rating in a report on Wednesday, January 22nd. Evercore ISI increased their price target on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Compass Point increased their price target on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Royal Bank of Canada increased their price target on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods increased their price target 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 equities research 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.