Strategic Financial Concepts LLC Invests $2.54 Million in Zions Bancorporation, National Association (NASDAQ:ZION)

Strategic Financial Concepts LLC purchased a new position in Zions Bancorporation, National Association (NASDAQ:ZION) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 46,784 shares of the bank’s stock, valued at approximately $2,538,000.

A number of other large investors also recently modified their holdings of ZION. ORG Wealth Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the third quarter worth $28,000. Venturi Wealth Management LLC boosted its holdings in Zions Bancorporation, National Association by 209.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock valued at $117,000 after purchasing an additional 1,671 shares during the period. Brooklyn Investment Group acquired a new stake in Zions Bancorporation, National Association in the 3rd quarter worth $119,000. TD Private Client Wealth LLC increased its holdings in shares of Zions Bancorporation, National Association by 15.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock worth $134,000 after purchasing an additional 375 shares during the period. Finally, Crewe Advisors LLC raised its position in shares of Zions Bancorporation, National Association by 24.9% during the third quarter. Crewe Advisors LLC now owns 3,950 shares of the bank’s stock valued at $187,000 after buying an additional 787 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ZION shares. Robert W. Baird lifted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Compass Point lifted their price objective on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. UBS Group assumed coverage on Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Finally, Evercore ISI increased their price objective on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $60.71.

Zions Bancorporation, National Association Price Performance

Shares of ZION stock opened at $57.26 on Monday. Zions Bancorporation, National Association has a 52 week low of $38.01 and a 52 week high of $63.22. The stock has a market capitalization of $8.46 billion, a PE ratio of 11.57, a PEG ratio of 1.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s fifty day moving average is $56.64 and its 200-day moving average is $52.75.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The firm had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The company’s revenue was up 12.2% on a year-over-year basis. Equities research analysts expect that Zions Bancorporation, National Association will post 5.26 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 13th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, February 13th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 34.75%.

Insiders Place Their Bets

In related news, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the transaction, the executive vice president now owns 86,232 shares in the company, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Company Profile

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.