Vest Financial LLC Grows Stake in Zions Bancorporation, N.A. $ZION

Vest Financial LLC grew its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION) by 129.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 56,420 shares of the bank’s stock after acquiring an additional 31,798 shares during the period. Vest Financial LLC’s holdings in Zions Bancorporation, N.A. were worth $3,303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ZION. AQR Capital Management LLC lifted its holdings in 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 buying an additional 711,218 shares during the period. Adage Capital Partners GP L.L.C. purchased a new stake in Zions Bancorporation, N.A. in the 2nd quarter worth approximately $32,008,000. Balyasny Asset Management L.P. purchased a new stake in Zions Bancorporation, N.A. in the 2nd quarter worth approximately $31,224,000. Mackenzie Financial Corp lifted its holdings in 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 buying an additional 473,597 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in 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 buying an additional 409,065 shares during the period. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore increased their price objective on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. Truist Financial increased their target price on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. Morgan Stanley lowered their target price on Zions Bancorporation, N.A. from $75.00 to $68.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Piper Sandler lowered their target price on Zions Bancorporation, N.A. from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Finally, Royal Bank Of Canada raised their target price on Zions Bancorporation, N.A. from $64.00 to $68.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Zions Bancorporation, N.A. currently has a consensus rating of “Hold” and an average price target of $65.53.

Insider Activity at Zions Bancorporation, N.A.

In related news, President Scott J. Mclean sold 28,980 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $61.15, for a total transaction of $1,772,127.00. Following the completion of the transaction, the president owned 82,250 shares of the company’s stock, valued at $5,029,587.50. This trade represents a 26.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eric Ellingsen sold 1,519 shares of Zions Bancorporation, N.A. stock in a transaction 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 completion of the sale, the vice president directly owned 40,361 shares of the company’s stock, valued at approximately $2,472,918.47. The trade was a 3.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 55,581 shares of company stock worth $3,498,774 over the last quarter. 1.43% of the stock is currently owned by company insiders.

Zions Bancorporation, N.A. Stock Down 0.9%

ZION stock opened at $62.58 on Thursday. Zions Bancorporation, N.A. has a twelve month low of $43.64 and a twelve month high of $66.18. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.27. The firm has a market cap of $9.20 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 2.16 and a beta of 0.81. The business has a 50 day moving average of $58.63 and a 200 day moving average of $57.41.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings data on Monday, April 20th. The bank reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.The company had revenue of $849.00 million during the quarter, compared to analyst estimates of $853.73 million. During the same quarter last year, the company earned $1.13 EPS. On average, research analysts forecast that Zions Bancorporation, N.A. will post 6.38 EPS for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors 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 yield of 2.9%. The ex-dividend date of this dividend was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 27.99%.

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.