AE Wealth Management LLC decreased its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION – Get Rating) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,310 shares of the bank’s stock after selling 3,632 shares during the period. AE Wealth Management LLC’s holdings in Zions Bancorporation, National Association were worth $3,309,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in ZION. Private Trust Co. NA acquired a new position in Zions Bancorporation, National Association during the second quarter worth approximately $29,000. Fiduciary Alliance LLC acquired a new position in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $36,000. Ronald Blue Trust Inc. increased its holdings in shares of Zions Bancorporation, National Association by 58.7% in the fourth quarter. Ronald Blue Trust Inc. now owns 800 shares of the bank’s stock valued at $41,000 after purchasing an additional 296 shares during the period. Allworth Financial LP increased its holdings in shares of Zions Bancorporation, National Association by 42.3% in the fourth quarter. Allworth Financial LP now owns 958 shares of the bank’s stock valued at $47,000 after purchasing an additional 285 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Zions Bancorporation, National Association in the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 81.86% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Barclays dropped their target price on Zions Bancorporation, National Association from $59.00 to $37.00 and set an “underweight” rating on the stock in a report on Wednesday, April 12th. Morgan Stanley dropped their target price on Zions Bancorporation, National Association from $59.00 to $34.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 5th. StockNews.com assumed coverage on Zions Bancorporation, National Association in a report on Thursday, March 16th. They issued a “hold” rating on the stock. DA Davidson raised Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Tuesday, December 20th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods decreased their price target on Zions Bancorporation, National Association from $56.00 to $38.00 and set a “market perform” rating on the stock in a research note on Thursday, April 6th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.12.
Insider Activity
Zions Bancorporation, National Association Stock Down 1.5 %
ZION opened at $30.46 on Wednesday. The business’s fifty day moving average is $39.04 and its two-hundred day moving average is $46.47. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 5.25, a PEG ratio of 5.15 and a beta of 1.11. Zions Bancorporation, National Association has a one year low of $22.55 and a one year high of $66.89.
Zions Bancorporation, National Association (NASDAQ:ZION – Get Rating) last posted its earnings results on Monday, January 23rd. The bank reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.18. The company had revenue of $988.00 million for the quarter, compared to the consensus estimate of $873.05 million. Zions Bancorporation, National Association had a return on equity of 18.36% and a net margin of 27.18%. During the same period in the previous year, the business earned $1.34 earnings per share. Analysts anticipate that Zions Bancorporation, National Association will post 5.76 EPS for the current fiscal year.
Zions Bancorporation, National Association Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, February 23rd. Shareholders of record on Thursday, February 16th were given a dividend of $0.41 per share. The ex-dividend date was Wednesday, February 15th. This represents a $1.64 dividend on an annualized basis and a yield of 5.38%. Zions Bancorporation, National Association’s payout ratio is 28.28%.
Zions Bancorporation, National Association Company Profile
Zions Bancorporation NA is a bank holding company, which engages in the provision of full banking and related services. It operates through the following segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington.
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