Watts Gwilliam & Co. LLC Invests $447,000 in Zions Bancorporation, National Association (NASDAQ:ZION)

Watts Gwilliam & Co. LLC bought a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,469 shares of the bank’s stock, valued at approximately $447,000.

Several other large investors have also added to or reduced their stakes in ZION. Dimensional Fund Advisors LP raised its stake in Zions Bancorporation, National Association by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock worth $271,003,000 after buying an additional 929,251 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Zions Bancorporation, National Association by 1.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,146,411 shares of the bank’s stock worth $93,089,000 after purchasing an additional 22,123 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Zions Bancorporation, National Association by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank’s stock worth $74,784,000 after purchasing an additional 5,609 shares in the last quarter. Wedge Capital Management L L P NC grew its position in Zions Bancorporation, National Association by 9.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 1,019,182 shares of the bank’s stock valued at $44,202,000 after purchasing an additional 90,234 shares during the period. Finally, AQR Capital Management LLC increased its stake in Zions Bancorporation, National Association by 75.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after purchasing an additional 433,513 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Up 3.5 %

Shares of ZION stock opened at $49.97 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. The firm has a market cap of $7.38 billion, a P/E ratio of 12.04, a PEG ratio of 1.80 and a beta of 1.09. The company has a 50 day moving average of $47.02 and a 200-day moving average of $44.89. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results 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. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The business had revenue of $776.00 million during the quarter, compared to the consensus estimate of $761.61 million. During the same period last year, the business posted $1.11 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 39.52%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, President Scott J. Mclean sold 60,000 shares of Zions Bancorporation, National Association stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $51.83, for a total value of $3,109,800.00. Following the completion of the transaction, the president now owns 74,286 shares in the company, valued at $3,850,243.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Zions Bancorporation, National Association news, 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 transaction of $3,109,800.00. Following the sale, the president now owns 74,286 shares in the company, valued at $3,850,243.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction on Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares of the company’s stock, valued at approximately $1,275,859.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,073 shares of company stock valued at $3,476,298 over the last three months. 2.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

ZION has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 21st. Wedbush raised their price target on shares of Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods boosted their price objective on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. dropped their target price on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Truist Financial decreased their price target on Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating for the company in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $49.28.

Zions Bancorporation, National Association 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.