Avior Wealth Management LLC Purchases Shares of 13,005 Zions Bancorporation, N.A. $ZION

Avior Wealth Management LLC bought a new position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,005 shares of the bank’s stock, valued at approximately $761,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Community Bank N.A. purchased a new stake in shares of Zions Bancorporation, N.A. in the 3rd quarter valued at approximately $36,000. Steph & Co. acquired a new stake in Zions Bancorporation, N.A. during the 3rd quarter valued at $37,000. Salomon & Ludwin LLC purchased a new stake in shares of Zions Bancorporation, N.A. in the third quarter valued at $37,000. Quent Capital LLC purchased a new stake in shares of Zions Bancorporation, N.A. in the third quarter valued at $45,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Zions Bancorporation, N.A. by 3,950.0% in the third quarter. SJS Investment Consulting Inc. now owns 810 shares of the bank’s stock worth $46,000 after buying an additional 790 shares during the period. 76.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Harris H. Simmons purchased 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average cost of $59.03 per share, with a total value of $265,635.00. Following the acquisition, the chief executive officer directly owned 1,317,493 shares of the company’s stock, valued at approximately $77,771,611.79. This trade represents a 0.34% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Eric Ellingsen sold 1,519 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $61.27, for a total value of $93,069.13. Following the sale, the vice president owned 40,361 shares in the company, valued at approximately $2,472,918.47. This trade represents a 3.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 55,581 shares of company stock valued at $3,498,774. 2.22% of the stock is owned by company insiders.

Zions Bancorporation, N.A. Trading Down 0.4%

NASDAQ:ZION opened at $54.05 on Friday. The company’s 50 day moving average is $59.18 and its 200-day moving average is $56.83. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.64. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $66.18. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 9.01 and a beta of 0.83.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, February 12th. This represents a $1.80 dividend on an annualized basis and a yield of 3.3%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is currently 30.00%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Weiss Ratings lowered shares of Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 12th. Stephens boosted their price target on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, January 21st. Royal Bank Of Canada increased their price objective on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 21st. Finally, Citigroup lifted their price objective on Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Zions Bancorporation, N.A. has a consensus rating of “Hold” and a consensus price target of $63.58.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.