Legacy Capital Group California Inc. Has $1.41 Million Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Legacy Capital Group California Inc. lessened its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,901 shares of the bank’s stock after selling 395 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Zions Bancorporation, National Association were worth $1,405,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Zions Bancorporation, National Association by 14.6% in the third quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock worth $332,515,000 after acquiring an additional 896,889 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Zions Bancorporation, National Association by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank’s stock valued at $221,367,000 after purchasing an additional 140,084 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Zions Bancorporation, National Association by 0.5% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,698,530 shares of the bank’s stock valued at $146,396,000 after acquiring an additional 14,070 shares during the last quarter. Geode Capital Management LLC grew its holdings in Zions Bancorporation, National Association by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank’s stock worth $124,592,000 after purchasing an additional 30,030 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Zions Bancorporation, National Association during the third quarter worth approximately $24,647,000. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ:ZION opened at $55.12 on Friday. The firm has a 50 day moving average of $56.11 and a 200-day moving average of $53.05. Zions Bancorporation, National Association has a 12 month low of $38.01 and a 12 month high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $8.14 billion, a PE ratio of 11.14, a PEG ratio of 1.65 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The business had revenue of $820.00 million during the quarter, compared to the consensus estimate of $787.70 million. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. On average, equities research analysts predict that Zions Bancorporation, National Association will post 5.38 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.72 annualized dividend and a dividend yield of 3.12%. Zions Bancorporation, National Association’s dividend payout ratio is currently 34.75%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ZION. DA Davidson raised their price objective on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Compass Point increased their price target on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. 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 report on Tuesday, January 7th. Royal Bank of Canada increased their target price on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Barclays lifted their price target on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an “underweight” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and an average price target of $60.71.

Insider Activity at Zions Bancorporation, National Association

In other news, EVP Steven Dan Stephens sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total transaction of $557,100.00. Following the completion of the transaction, the executive vice president now directly owns 45,847 shares in the company, valued at approximately $2,554,136.37. This represents a 17.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total value of $1,280,344.31. Following the sale, the executive vice president now directly owns 29,313 shares in the company, valued at approximately $1,655,305.11. This trade represents a 43.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,219 shares of company stock valued at $2,420,122 over the last ninety days. 2.22% of the stock is 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.