Ashton Thomas Private Wealth LLC Invests $165,000 in Zions Bancorporation, National Association (NASDAQ:ZION)

Ashton Thomas Private Wealth LLC bought a new stake in Zions Bancorporation, National Association (NASDAQ:ZION) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,808 shares of the bank’s stock, valued at approximately $165,000.

Several other institutional investors have also recently added to or reduced their stakes in ZION. Fiduciary Management Inc. WI grew its holdings in Zions Bancorporation, National Association by 4.0% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,247,805 shares of the bank’s stock valued at $98,611,000 after buying an additional 86,165 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in shares of Zions Bancorporation, National Association by 1.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,146,411 shares of the bank’s stock worth $93,089,000 after acquiring an additional 22,123 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Zions Bancorporation, National Association by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank’s stock valued at $74,784,000 after purchasing an additional 5,609 shares during the period. Norges Bank acquired a new position in Zions Bancorporation, National Association during the fourth quarter worth approximately $67,694,000. Finally, Wedge Capital Management L L P NC raised its stake in Zions Bancorporation, National Association by 9.7% during the second quarter. Wedge Capital Management L L P NC now owns 1,019,182 shares of the bank’s stock worth $44,202,000 after purchasing an additional 90,234 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ZION shares. Wedbush boosted their price objective on shares of Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods boosted their price target on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company a “market perform” 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 report on Tuesday, July 30th. Truist Financial boosted their target price on Zions Bancorporation, National Association from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada raised 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 report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $48.83.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares in the company, valued at approximately $1,275,859.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction on Friday, July 26th. The shares were sold at an average price of $51.78, for a total value 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. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Scott J. Mclean sold 60,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the sale, the president now directly owns 74,286 shares in the company, valued at $3,850,243.38. The disclosure for this sale can be found here. Insiders have sold 67,073 shares of company stock worth $3,476,298 over the last quarter. 2.22% of the stock is owned by corporate insiders.

Zions Bancorporation, National Association Stock Performance

Zions Bancorporation, National Association stock opened at $45.11 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average of $47.70 and a 200-day moving average of $43.89. The stock has a market cap of $6.66 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 2.72 and a beta of 1.10. Zions Bancorporation, National Association has a 52 week low of $28.90 and a 52 week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.18. The company had revenue of $776.00 million during 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 revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the business earned $1.11 EPS. On average, analysts expect 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 was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

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.