OLD National Bancorp IN Lowers Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

OLD National Bancorp IN trimmed its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 14.5% during the 4th quarter, Holdings Channel reports. The firm owned 3,690 shares of the bank’s stock after selling 628 shares during the period. OLD National Bancorp IN’s holdings in Zions Bancorporation, National Association were worth $200,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in Zions Bancorporation, National Association in the 3rd quarter worth $28,000. Venturi Wealth Management LLC grew its position in shares of Zions Bancorporation, National Association by 209.1% during the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock worth $117,000 after purchasing an additional 1,671 shares in the last quarter. Brooklyn Investment Group bought a new stake in Zions Bancorporation, National Association during the 3rd quarter valued at approximately $119,000. TD Private Client Wealth LLC boosted its stake in Zions Bancorporation, National Association by 15.2% in 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, Centaurus Financial Inc. grew its holdings in Zions Bancorporation, National Association by 8.3% during the 2nd quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock valued at $170,000 after buying an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the transaction, the executive vice president now owns 86,232 shares of the company’s stock, valued at approximately $5,265,325.92. This represents a 9.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 3,605 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $209,306.30. Following the transaction, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,434,894.84. This represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,496 shares of company stock valued at $873,762. 2.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ZION has been the subject of a number of research reports. Truist Financial upped their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group upgraded Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, January 7th. DA Davidson boosted their target price on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, January 22nd. Finally, Compass Point upped 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. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.71.

Zions Bancorporation, National Association Trading Down 0.7 %

Shares of NASDAQ ZION opened at $57.86 on Monday. The business’s 50 day moving average price is $57.01 and its 200-day moving average price is $52.50. Zions Bancorporation, National Association has a fifty-two week low of $37.76 and a fifty-two week high of $63.22. 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 company has a market cap of $8.55 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 2.92 and a beta of 1.12.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.08. The business had revenue of $820.00 million during the quarter, compared to the consensus estimate of $787.70 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. On average, sell-side analysts expect that Zions Bancorporation, National Association will post 5.23 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.97%. Zions Bancorporation, National Association’s dividend payout ratio is currently 34.75%.

About Zions Bancorporation, National Association

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.