Aaron Wealth Advisors LLC Sells 9,221 Shares of Zions Bancorporation, N.A. $ZION

Aaron Wealth Advisors LLC decreased its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 54.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,821 shares of the bank’s stock after selling 9,221 shares during the period. Aaron Wealth Advisors LLC’s holdings in Zions Bancorporation, N.A. were worth $458,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ZION. AQR Capital Management LLC raised its position in shares of Zions Bancorporation, N.A. by 31.6% in the 3rd quarter. AQR Capital Management LLC now owns 2,963,545 shares of the bank’s stock worth $167,677,000 after acquiring an additional 711,218 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Zions Bancorporation, N.A. in the 2nd quarter worth approximately $32,008,000. Balyasny Asset Management L.P. bought a new position in shares of Zions Bancorporation, N.A. in the 2nd quarter worth approximately $31,224,000. Mackenzie Financial Corp raised its position in shares of Zions Bancorporation, N.A. by 2,982.2% in the 3rd quarter. Mackenzie Financial Corp now owns 489,478 shares of the bank’s stock worth $27,695,000 after acquiring an additional 473,597 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Zions Bancorporation, N.A. by 14.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 3,244,014 shares of the bank’s stock worth $183,546,000 after acquiring an additional 409,065 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Analyst Ratings Changes

ZION has been the subject of a number of analyst reports. Stephens raised their price objective on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Robert W. Baird raised Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Monday, March 9th. Piper Sandler reduced their price objective on Zions Bancorporation, N.A. from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. JPMorgan Chase & Co. reduced their target price on Zions Bancorporation, N.A. from $68.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Finally, Citigroup lifted their target price on Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $62.79.

Zions Bancorporation, N.A. Stock Performance

ZION stock opened at $61.77 on Friday. The company has a market cap of $9.08 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81. Zions Bancorporation, N.A. has a 1 year low of $39.42 and a 1 year high of $66.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.86 and a quick ratio of 0.85. The stock’s fifty day moving average price is $58.73 and its 200-day moving average price is $56.85.

Zions Bancorporation, N.A. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 30.00%.

Insider Activity at Zions Bancorporation, N.A.

In related news, EVP Steven Dan Stephens sold 15,476 shares of Zions Bancorporation, N.A. stock in a transaction on Friday, February 6th. The stock was sold at an average price of $65.90, for a total transaction of $1,019,868.40. Following the transaction, the executive vice president directly owned 41,127 shares in the company, valued at approximately $2,710,269.30. The trade was a 27.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Eric Ellingsen sold 1,519 shares of Zions Bancorporation, N.A. stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $61.27, for a total value of $93,069.13. Following the transaction, the vice president owned 40,361 shares in the company, valued at $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. Insiders sold 55,581 shares of company stock valued at $3,498,774 in the last ninety days. Corporate insiders own 1.43% of the company’s stock.

Zions Bancorporation, N.A. Company Profile

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.