HB Wealth Management LLC Has $451,000 Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

HB Wealth Management LLC raised its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 16.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,396 shares of the bank’s stock after purchasing an additional 1,432 shares during the quarter. HB Wealth Management LLC’s holdings in Zions Bancorporation, National Association were worth $451,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Federated Hermes Inc. lifted its stake in Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after acquiring an additional 331 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $29,000. Quarry LP bought a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth $49,000. American Capital Advisory LLC boosted its holdings in Zions Bancorporation, National Association by 58.5% during the first quarter. American Capital Advisory LLC now owns 1,328 shares of the bank’s stock worth $58,000 after purchasing an additional 490 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Zions Bancorporation, National Association by 4,613.3% in the fourth quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock valued at $93,000 after purchasing an additional 2,076 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ZION shares. UBS Group decreased their price objective on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, April 23rd. Jefferies Financial Group dropped their price objective on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. Evercore ISI raised their target price on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Truist Financial reaffirmed a “hold” rating and set a $46.00 price target on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $43.82.

Zions Bancorporation, National Association Stock Performance

ZION stock traded down $0.83 during trading hours on Friday, hitting $42.72. 509,796 shares of the stock were exchanged, compared to its average volume of 2,399,906. The company has a 50-day simple moving average of $42.63 and a two-hundred day simple moving average of $41.96. The firm has a market capitalization of $6.31 billion, a P/E ratio of 10.94, a P/E/G ratio of 5.01 and a beta of 1.11. Zions Bancorporation, National Association has a 12 month low of $26.69 and a 12 month high of $46.15. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.01.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. During the same quarter last year, the firm earned $1.33 EPS. On average, analysts forecast that Zions Bancorporation, National Association will post 4.37 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.84%. The ex-dividend date was Wednesday, May 15th. Zions Bancorporation, National Association’s payout ratio is presently 41.21%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the transaction, the chief executive officer now owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Alan M. Forney sold 1,500 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the transaction, the chief executive officer now owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the sale, the executive vice president now directly owns 22,238 shares in the company, valued at approximately $970,911.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,296 shares of company stock valued at $319,192. 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.