Axxcess Wealth Management LLC Purchases 7,006 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Axxcess Wealth Management LLC grew its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 98.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,106 shares of the bank’s stock after purchasing an additional 7,006 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Zions Bancorporation, National Association were worth $612,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC raised its holdings in Zions Bancorporation, National Association by 7.4% during the 1st quarter. EP Wealth Advisors LLC now owns 9,485 shares of the bank’s stock worth $412,000 after purchasing an additional 654 shares during the last quarter. Vident Advisory LLC increased its stake in shares of Zions Bancorporation, National Association by 119.2% in the 1st quarter. Vident Advisory LLC now owns 76,565 shares of the bank’s stock valued at $3,323,000 after acquiring an additional 41,634 shares in the last quarter. Natixis bought a new stake in shares of Zions Bancorporation, National Association in the 1st quarter valued at $1,211,000. CANADA LIFE ASSURANCE Co increased its stake in shares of Zions Bancorporation, National Association by 71.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 118,248 shares of the bank’s stock valued at $5,136,000 after acquiring an additional 49,213 shares in the last quarter. Finally, American International Group Inc. increased its stake in shares of Zions Bancorporation, National Association by 405.0% in the 1st quarter. American International Group Inc. now owns 196,085 shares of the bank’s stock valued at $8,510,000 after acquiring an additional 157,259 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling

In related news, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the transaction, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the transaction, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction dated 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 directly owns 22,181 shares in the company, valued at $968,866.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,296 shares of company stock valued at $319,192. 2.22% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on ZION shares. UBS Group lowered their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, April 23rd. Jefferies Financial Group lowered their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Truist Financial lifted their price objective on shares of Zions Bancorporation, National Association from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday. Argus lowered shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Morgan Stanley lifted their price target on shares of Zions Bancorporation, National Association from $39.00 to $42.00 and gave the company an “underweight” rating in a research report on Tuesday. Two investment 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. According to MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and a consensus price target of $48.06.

Zions Bancorporation, National Association Stock Up 0.9 %

ZION traded up $0.49 during mid-day trading on Friday, reaching $52.29. 1,404,746 shares of the stock were exchanged, compared to its average volume of 1,824,526. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.78. The stock has a market capitalization of $7.72 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 5.16 and a beta of 1.11. The company has a 50 day moving average price of $44.18 and a two-hundred day moving average price of $42.47. Zions Bancorporation, National Association has a 1 year low of $28.90 and a 1 year high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The firm had revenue of $776.00 million for the quarter, compared to the consensus estimate of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 EPS. As a group, research analysts anticipate that Zions Bancorporation, National Association will post 4.46 EPS for the current year.

About Zions Bancorporation, National Association

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.