Zions Bancorporation, National Association (NASDAQ:ZION) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 4,136.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,826 shares of the bank’s stock after purchasing an additional 34,004 shares during the quarter. International Assets Investment Management LLC’s holdings in Zions Bancorporation, National Association were worth $1,528,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in Zions Bancorporation, National Association by 628.2% in the second quarter. IFP Advisors Inc now owns 954 shares of the bank’s stock worth $26,000 after purchasing an additional 823 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Zions Bancorporation, National Association by 51.5% during the first quarter. Parkside Financial Bank & Trust now owns 1,251 shares of the bank’s stock valued at $83,000 after acquiring an additional 425 shares during the period. Ronald Blue Trust Inc. boosted its holdings in shares of Zions Bancorporation, National Association by 274.6% during the third quarter. Ronald Blue Trust Inc. now owns 2,098 shares of the bank’s stock valued at $73,000 after acquiring an additional 1,538 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Zions Bancorporation, National Association by 4,613.3% during the fourth quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock valued at $93,000 after acquiring an additional 2,076 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Zions Bancorporation, National Association during the first quarter valued at $200,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insider Buying and Selling

In related news, VP A Scott Anderson sold 4,093 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $44.25, for a total value of $181,115.25. Following the transaction, the vice president now owns 14,665 shares in the company, valued at $648,926.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the transaction, the executive vice president now owns 44,056 shares in the company, valued at $1,797,925.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP A Scott Anderson sold 4,093 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $44.25, for a total value of $181,115.25. Following the transaction, the vice president now owns 14,665 shares in the company, valued at approximately $648,926.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,022 shares of company stock worth $744,893. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Shares of ZION opened at $39.92 on Monday. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 9.18 and a beta of 1.13. Zions Bancorporation, National Association has a fifty-two week low of $18.26 and a fifty-two week high of $46.15. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50-day moving average is $40.78 and its 200-day moving average is $39.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $754.81 million. During the same quarter in the prior year, the company earned $1.84 EPS. Equities research analysts expect that Zions Bancorporation, National Association will post 4.27 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were issued a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a yield of 4.11%. Zions Bancorporation, National Association’s dividend payout ratio is currently 37.70%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZION. Truist Financial reissued a “hold” rating and set a $46.00 price target on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Wedbush reduced their price target on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. TheStreet raised shares of Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada lifted their price objective on shares of Zions Bancorporation, National Association from $45.00 to $46.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and an average target price of $43.00.

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.