Burney Co. Buys New Holdings in Zions Bancorporation, N.A. $ZION

Burney Co. bought a new stake in Zions Bancorporation, N.A. (NASDAQ:ZION) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 81,350 shares of the bank’s stock, valued at approximately $4,762,000. Burney Co. owned about 0.06% of Zions Bancorporation, N.A. at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZION. Signaturefd LLC raised its position in Zions Bancorporation, N.A. by 17.1% in the fourth quarter. Signaturefd LLC now owns 1,192 shares of the bank’s stock valued at $70,000 after purchasing an additional 174 shares during the period. DAVENPORT & Co LLC raised its position in Zions Bancorporation, N.A. by 2.7% in the third quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock valued at $424,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC raised its position in Zions Bancorporation, N.A. by 2.2% in the third quarter. GAMMA Investing LLC now owns 10,567 shares of the bank’s stock valued at $598,000 after purchasing an additional 232 shares during the period. Stratos Wealth Partners LTD. raised its position in Zions Bancorporation, N.A. by 3.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 7,886 shares of the bank’s stock valued at $462,000 after purchasing an additional 240 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in Zions Bancorporation, N.A. by 1.2% in the third quarter. Crossmark Global Holdings Inc. now owns 21,548 shares of the bank’s stock valued at $1,219,000 after purchasing an additional 247 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ ZION opened at $61.05 on Monday. Zions Bancorporation, N.A. has a 1 year low of $39.42 and a 1 year high of $66.18. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 2.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 0.86. The stock’s 50-day simple moving average is $58.75 and its 200-day simple moving average is $56.88.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, February 12th. Zions Bancorporation, N.A.’s payout ratio is presently 30.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. 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. Citigroup raised 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. Royal Bank Of Canada raised their price objective on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 21st. Truist Financial raised their price objective on Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Finally, Barclays raised their price objective on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the company an “underweight” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.79.

Insider Buying and Selling at Zions Bancorporation, N.A.

In other news, EVP Jennifer Anne Smith sold 2,089 shares of Zions Bancorporation, N.A. stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $62.48, for a total transaction of $130,520.72. Following the sale, the executive vice president directly owned 22,733 shares of the company’s stock, valued at approximately $1,420,357.84. The trade was a 8.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Harris H. Simmons bought 4,500 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average cost of $59.03 per share, for a total transaction of $265,635.00. Following the completion of the transaction, the chief executive officer owned 1,317,493 shares of the company’s stock, valued at approximately $77,771,611.79. The trade was a 0.34% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 55,581 shares of company stock valued at $3,498,774. Company insiders own 1.43% of the company’s stock.

Zions Bancorporation, N.A. 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.