Zions Bancorporation, National Association (NASDAQ:ZION) Stake Decreased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB trimmed its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,424 shares of the bank’s stock after selling 2,250 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Zions Bancorporation, National Association were worth $457,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ZION. ORG Wealth Partners LLC acquired a new position in shares of Zions Bancorporation, National Association during the third quarter valued at $28,000. Abich Financial Wealth Management LLC grew its position in Zions Bancorporation, National Association by 26.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock valued at $61,000 after buying an additional 296 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Zions Bancorporation, National Association by 209.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock worth $117,000 after buying an additional 1,671 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter worth approximately $119,000. Finally, TD Private Client Wealth LLC lifted its stake in shares of Zions Bancorporation, National Association by 15.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock worth $134,000 after acquiring an additional 375 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the completion of the sale, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,321,210.44. This represents a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the transaction, the executive vice president now directly owns 86,232 shares in the company, valued at $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,881 shares of company stock valued at $1,108,184. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association Stock Up 1.7 %

Zions Bancorporation, National Association stock opened at $59.03 on Wednesday. The firm’s 50 day moving average price is $57.25 and its two-hundred day moving average price is $51.88. The firm has a market cap of $8.72 billion, a PE ratio of 13.45, a P/E/G ratio of 3.11 and a beta of 1.12. Zions Bancorporation, National Association has a twelve month low of $37.76 and a twelve month high of $63.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The firm had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787,704.90 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts predict that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.43 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a yield of 2.91%. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio is currently 39.18%.

Analyst Ratings Changes

ZION has been the topic of several recent analyst reports. Compass Point boosted their target price on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Truist Financial boosted their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. UBS Group started coverage on Zions Bancorporation, National Association in a report on Tuesday, December 17th. They set a “neutral” rating and a $64.00 target price on the stock. JPMorgan Chase & Co. cut their price target on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $58.25.

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.