Zions Bancorporation, National Association (NASDAQ:ZION) Shares Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC increased its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 18.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,926 shares of the bank’s stock after purchasing an additional 934 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Zions Bancorporation, National Association were worth $257,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new position in Zions Bancorporation, National Association during the first quarter valued at approximately $27,000. Jones Financial Companies Lllp purchased a new position in Zions Bancorporation, National Association during the fourth quarter valued at approximately $29,000. ORG Partners LLC purchased a new position in Zions Bancorporation, National Association during the second quarter valued at approximately $33,000. International Assets Investment Management LLC purchased a new position in Zions Bancorporation, National Association during the second quarter valued at approximately $34,000. Finally, Rothschild Investment LLC purchased a new position in Zions Bancorporation, National Association during the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insiders Place Their Bets

In other news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the transaction, the vice president now directly owns 17,857 shares in the company, valued at approximately $925,528.31. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Scott J. Mclean sold 60,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total value of $3,109,800.00. Following the transaction, the president now owns 74,286 shares of the company’s stock, valued at $3,850,243.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,073 shares of company stock valued at $3,476,298. Insiders own 2.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ZION shares. The Goldman Sachs Group lifted their price target on Zions Bancorporation, National Association from $47.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Compass Point lifted their price target on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Wells Fargo & Company cut their price objective on Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 21st. Robert W. Baird boosted their price objective on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Truist Financial boosted their price objective on Zions Bancorporation, National Association from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association currently has an average rating of “Hold” and a consensus target price of $48.61.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $46.15 on Friday. The stock’s fifty day moving average is $47.53 and its two-hundred day moving average is $43.70. The firm has a market capitalization of $6.82 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The company had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 earnings per share. On average, research analysts anticipate that Zions Bancorporation, National Association will post 4.53 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 41.21%.

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.