Neville Rodie & Shaw Inc. Buys New Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

Neville Rodie & Shaw Inc. purchased a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,800 shares of the bank’s stock, valued at approximately $477,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in Zions Bancorporation, National Association during the third quarter worth approximately $28,000. Allspring Global Investments Holdings LLC raised its stake in shares of Zions Bancorporation, National Association by 68.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,289 shares of the bank’s stock worth $56,000 after buying an additional 526 shares in the last quarter. Abich Financial Wealth Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 26.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock valued at $61,000 after buying an additional 296 shares during the period. Larson Financial Group LLC boosted its stake in Zions Bancorporation, National Association by 33,980.0% during the second quarter. Larson Financial Group LLC now owns 1,704 shares of the bank’s stock valued at $74,000 after buying an additional 1,699 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Zions Bancorporation, National Association during the second quarter worth about $101,000. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Up 0.2 %

Shares of NASDAQ:ZION opened at $55.02 on Tuesday. The firm has a fifty day moving average of $57.00 and a two-hundred day moving average of $50.82. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a 12-month low of $37.76 and a 12-month high of $63.22. The firm has a market capitalization of $8.13 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 5.10 and a beta of 1.12.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $781.63 million. During the same quarter last year, the firm earned $1.13 earnings per share. On average, equities analysts expect that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a $0.43 dividend. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.13%. Zions Bancorporation, National Association’s payout ratio is presently 39.18%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ZION. Robert W. Baird upped their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised their target price on shares of Zions Bancorporation, National Association from $59.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Wedbush lifted their price target on shares of 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. Truist Financial increased their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods lifted their target price on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $57.50.

Insider Buying and Selling

In other news, VP Eric Ellingsen sold 1,238 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the transaction, the vice president now owns 35,878 shares in the company, valued at $2,182,817.52. This represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were 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 in the company, valued at $5,265,325.92. This represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,881 shares of company stock worth $1,108,184. Insiders own 2.22% of the company’s stock.

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.