Zions Bancorporation, National Association (NASDAQ:ZION) Holdings Cut by Franklin Resources Inc.

Franklin Resources Inc. decreased its stake in Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,816 shares of the bank’s stock after selling 4,182 shares during the quarter. Franklin Resources Inc. owned approximately 0.10% of Zions Bancorporation, National Association worth $6,221,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC lifted its position in Zions Bancorporation, National Association by 1.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 22,288 shares of the bank’s stock worth $978,000 after buying an additional 286 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of Zions Bancorporation, National Association by 1.2% during the 4th quarter. Yousif Capital Management LLC now owns 26,161 shares of the bank’s stock worth $1,148,000 after purchasing an additional 310 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of 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 worth $2,229,000 after purchasing an additional 330 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after purchasing an additional 331 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Zions Bancorporation, National Association by 2.0% during the 4th quarter. Fifth Third Bancorp now owns 23,523 shares of the bank’s stock worth $1,032,000 after purchasing an additional 462 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares in the company, valued at approximately $970,911.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares in the company, valued at approximately $970,911.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the sale, the chief executive officer now owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,296 shares of company stock worth $319,192. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association Trading Up 2.2 %

Shares of ZION stock opened at $43.19 on Friday. Zions Bancorporation, National Association has a 12-month low of $26.35 and a 12-month high of $46.15. The company has a market capitalization of $6.38 billion, a P/E ratio of 10.85, a P/E/G ratio of 4.86 and a beta of 1.13. The firm has a 50-day moving average price of $42.48 and a 200 day moving average price of $41.18. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $747.21 million. During the same period in the prior year, the business earned $1.33 earnings per share. Research analysts forecast that Zions Bancorporation, National Association will post 4.37 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.80%. The ex-dividend date was Wednesday, May 15th. Zions Bancorporation, National Association’s payout ratio is presently 41.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ZION. UBS Group dropped their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 23rd. StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Zions Bancorporation, National Association in a research note on Wednesday, April 10th. They set a “hold” rating and a $47.00 price target on the stock. Jefferies Financial Group lowered their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Zions Bancorporation, National Association presently has an average rating of “Hold” and an average target price of $43.33.

Check Out Our Latest Stock Report on Zions Bancorporation, National Association

About Zions Bancorporation, National Association

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Zions Bancorporation, National Association (NASDAQ:ZION)

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