Fifth Third Bancorp Sells 1,511 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Fifth Third Bancorp trimmed its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,293 shares of the bank’s stock after selling 1,511 shares during the period. Fifth Third Bancorp’s holdings in Zions Bancorporation, National Association were worth $721,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ZION. ORG Wealth Partners LLC acquired a new stake in Zions Bancorporation, National Association in the 3rd quarter worth approximately $28,000. Venturi Wealth Management LLC lifted its stake in shares of Zions Bancorporation, National Association by 209.1% in the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock worth $117,000 after buying an additional 1,671 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter worth $119,000. TD Private Client Wealth LLC grew 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 valued at $134,000 after buying an additional 375 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its position 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 worth $170,000 after acquiring an additional 299 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Shares of Zions Bancorporation, National Association stock opened at $57.64 on Thursday. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 3.10 and a beta of 1.12. The firm’s 50-day moving average price is $57.09 and its two-hundred day moving average price is $52.36. The company has a current ratio of 0.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a 1-year low of $37.76 and a 1-year high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The firm had revenue of $820.00 million during the quarter, compared to analysts’ expectations 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 was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $0.78 EPS. On average, equities analysts predict that Zions Bancorporation, National Association will post 4.96 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a yield of 2.98%. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio is currently 34.75%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Evercore ISI raised their price target on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. dropped their price target on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Barclays increased their price objective on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an “underweight” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Finally, Wedbush increased 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. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.71.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Paul E. Burdiss sold 9,506 shares of the company’s 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 $5,265,325.92. This represents a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jennifer Anne Smith sold 3,605 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $58.06, for a total transaction of $209,306.30. Following the sale, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at approximately $1,434,894.84. This trade represents a 12.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,496 shares of company stock worth $873,762. 2.22% of the stock is currently owned by corporate insiders.

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.