Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Cwm LLC

Cwm LLC lessened its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 84.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,252 shares of the bank’s stock after selling 100,446 shares during the period. Cwm LLC’s holdings in Zions Bancorporation, National Association were worth $801,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Treasurer of the State of North Carolina grew its stake in Zions Bancorporation, National Association by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank’s stock valued at $2,229,000 after purchasing an additional 330 shares in the last quarter. Federated Hermes Inc. grew its stake in Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after purchasing an additional 331 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in Zions Bancorporation, National Association by 5.5% during the 3rd quarter. New Mexico Educational Retirement Board now owns 7,672 shares of the bank’s stock valued at $268,000 after purchasing an additional 400 shares in the last quarter. Avaii Wealth Management LLC grew its stake in Zions Bancorporation, National Association by 3.7% during the 3rd quarter. Avaii Wealth Management LLC now owns 11,602 shares of the bank’s stock valued at $405,000 after purchasing an additional 415 shares in the last quarter. Finally, Xponance Inc. grew its stake in Zions Bancorporation, National Association by 1.8% during the 3rd quarter. Xponance Inc. now owns 25,164 shares of the bank’s stock valued at $878,000 after purchasing an additional 454 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Steven Dan Stephens sold 7,500 shares of Zions Bancorporation, National Association stock in a transaction 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 completion of the sale, the executive vice president now owns 44,056 shares of the company’s stock, valued at $1,797,925.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 7,500 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the sale, the executive vice president now owns 44,056 shares of the company’s stock, valued at $1,797,925.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Harris H. Simmons purchased 4,000 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the transaction, the chief executive officer now directly owns 1,312,987 shares of the company’s stock, valued at $50,602,518.98. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 13,929 shares of company stock valued at $563,778. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

Shares of ZION stock opened at $41.32 on Tuesday. Zions Bancorporation, National Association has a 1-year low of $18.26 and a 1-year high of $46.15. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 10.38 and a beta of 1.13. The stock’s fifty day simple moving average is $40.89 and its 200-day simple moving average is $39.45.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same quarter in the prior year, the firm posted $1.33 EPS. On average, sell-side analysts predict that Zions Bancorporation, National Association will post 4.38 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.97%. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank of Canada lifted their target price on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 23rd. Stephens lifted their target price on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 23rd. TheStreet upgraded Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. lifted their target price on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Finally, Evercore ISI raised their price target on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $43.16.

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.