Watts Gwilliam & Co. LLC Takes Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Watts Gwilliam & Co. LLC acquired a new position in Zions Bancorporation, National Association (NASDAQ:ZION) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,469 shares of the bank’s stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC purchased a new position in Zions Bancorporation, National Association in the 1st quarter worth approximately $27,000. ORG Partners LLC purchased a new position in Zions Bancorporation, National Association in the second quarter worth $33,000. International Assets Investment Management LLC bought a new position in Zions Bancorporation, National Association in the second quarter valued at $34,000. Rothschild Investment LLC purchased a new stake in Zions Bancorporation, National Association during the second quarter valued at about $39,000. Finally, Quarry LP bought a new stake in Zions Bancorporation, National Association during the fourth quarter worth about $49,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION opened at $49.97 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. The firm’s fifty day simple moving average is $47.02 and its 200 day simple moving average is $44.89. The stock has a market cap of $7.38 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 1.80 and a beta of 1.09. Zions Bancorporation, National Association has a twelve month low of $28.90 and a twelve month high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The firm had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. During the same quarter in the previous year, the firm posted $1.11 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, research analysts predict that Zions Bancorporation, National Association will post 4.53 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a $0.41 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.64 annualized dividend and a yield of 3.28%. Zions Bancorporation, National Association’s payout ratio is 39.52%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ZION. Truist Financial reduced their price objective on Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Royal Bank of Canada increased their price target on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 23rd. Compass Point boosted their price objective on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their target price on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Robert W. Baird boosted their price target on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and a consensus price target of $49.28.

Insiders Place Their Bets

In other news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction 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 sale, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $51.78, for a total transaction of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares of the company’s stock, valued at $1,275,859.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction 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 completion of the sale, the vice president now directly owns 17,857 shares in the company, valued at $925,528.31. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,073 shares of company stock worth $3,476,298. 2.22% of the stock is owned by corporate insiders.

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.