Soltis Investment Advisors LLC Has $1.46 Million Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Soltis Investment Advisors LLC cut its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 18.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 33,540 shares of the bank’s stock after selling 7,642 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Zions Bancorporation, National Association were worth $1,456,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ZION. Raymond James & Associates grew its holdings in shares of Zions Bancorporation, National Association by 38.9% in the 4th quarter. Raymond James & Associates now owns 117,063 shares of the bank’s stock worth $5,136,000 after purchasing an additional 32,778 shares during the last quarter. Global Retirement Partners LLC grew its position in Zions Bancorporation, National Association by 10.8% during the 4th quarter. Global Retirement Partners LLC now owns 5,857 shares of the bank’s stock worth $241,000 after acquiring an additional 571 shares during the last quarter. Fifth Third Bancorp increased its holdings in Zions Bancorporation, National Association by 2.0% during the 4th quarter. Fifth Third Bancorp now owns 23,523 shares of the bank’s stock valued at $1,032,000 after purchasing an additional 462 shares in the last quarter. Oak Thistle LLC bought a new position in Zions Bancorporation, National Association in the 4th quarter valued at $804,000. Finally, Drive Wealth Management LLC acquired a new position in Zions Bancorporation, National Association in the fourth quarter worth $250,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, VP Bruce K. Alexander sold 5,156 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the transaction, the vice president now directly owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Terry Alan Shirey sold 1,917 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $51.78, for a total transaction of $99,262.26. Following the sale, the executive vice president now owns 24,640 shares in the company, valued at $1,275,859.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the sale, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,578 shares of company stock worth $3,498,965. Corporate insiders own 2.22% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ZION shares. UBS Group cut their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, April 23rd. Stephens increased their price target on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Wedbush boosted their price objective on shares of Zions Bancorporation, National Association from $46.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Compass Point boosted their target price on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and an average target price of $48.06.

Zions Bancorporation, National Association Stock Down 3.8 %

NASDAQ ZION traded down $1.84 during trading hours on Friday, reaching $46.78. 3,199,429 shares of the company’s stock were exchanged, compared to its average volume of 2,014,173. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.78. Zions Bancorporation, National Association has a one year low of $28.90 and a one year high of $53.32. The company’s 50-day moving average is $44.85 and its two-hundred day moving average is $42.71. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The business had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $1.11 earnings per share. On average, analysts forecast that Zions Bancorporation, National Association will post 4.53 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 15th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.51%. Zions Bancorporation, National Association’s payout ratio is presently 41.21%.

Zions Bancorporation, National Association 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.