Global Financial Private Client LLC Has $1.44 Million Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Global Financial Private Client LLC lessened its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,287 shares of the bank’s stock after selling 685 shares during the quarter. Global Financial Private Client LLC’s holdings in Zions Bancorporation, National Association were worth $1,444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZION. Fidelis Capital Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association during the 1st quarter worth about $27,000. Federated Hermes Inc. boosted its holdings in shares of Zions Bancorporation, National Association by 105.4% during the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after acquiring an additional 331 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $29,000. ORG Partners LLC bought a new position in shares of Zions Bancorporation, National Association during the second quarter worth approximately $33,000. Finally, Quarry LP acquired a new stake in Zions Bancorporation, National Association during the 4th quarter worth approximately $49,000. Institutional investors own 76.84% of the company’s stock.

Insider Transactions at Zions Bancorporation, National Association

In related news, President Scott J. Mclean sold 60,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total value of $3,109,800.00. Following the completion of the sale, the president now directly owns 74,286 shares in the company, valued at $3,850,243.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the completion of the sale, the president now owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,073 shares of company stock worth $3,476,298. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Shares of ZION traded up $0.33 during trading hours on Friday, reaching $49.56. The stock had a trading volume of 1,046,742 shares, compared to its average volume of 2,252,001. 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 12 month low of $28.90 and a 12 month high of $53.32. The stock has a market capitalization of $7.32 billion, a PE ratio of 12.45, a PEG ratio of 2.96 and a beta of 1.11. The company’s 50-day moving average is $47.06 and its two-hundred day moving average is $43.49.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. The firm had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm posted $1.11 earnings per share. Research analysts expect that Zions Bancorporation, National Association will post 4.53 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is currently 41.21%.

Analyst Ratings Changes

Several research analysts have weighed in on ZION shares. Wells Fargo & Company lowered their price objective on Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 21st. Compass Point lifted their price objective on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Truist Financial increased their target price on shares of Zions Bancorporation, National Association from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Wedbush lifted their price target on shares of Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their price target on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company a “market perform” rating in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.61.

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.