Soltis Investment Advisors LLC Reduces Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Soltis Investment Advisors LLC reduced its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 18.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,540 shares of the bank’s stock after selling 7,642 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Zions Bancorporation, National Association were worth $1,456,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in shares of Zions Bancorporation, National Association by 103.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock worth $7,163,000 after acquiring an additional 4,993,164 shares during the period. Norges Bank bought a new stake in shares of Zions Bancorporation, National Association in the fourth quarter valued at about $67,694,000. Vaughan Nelson Investment Management L.P. lifted its stake in Zions Bancorporation, National Association by 119.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after acquiring an additional 1,259,571 shares during the period. Dimensional Fund Advisors LP increased its position in Zions Bancorporation, National Association by 22.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank’s stock valued at $220,077,000 after purchasing an additional 927,899 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Zions Bancorporation, National Association by 197.5% in the 1st quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock valued at $24,616,000 after purchasing an additional 376,549 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. 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 report on Tuesday, July 23rd. Royal Bank of Canada boosted their price objective on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the company a “sector perform” rating in a report on Tuesday, July 23rd. Argus lowered shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Compass Point lifted their price objective on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Truist Financial upped their target price on Zions Bancorporation, National Association from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $48.06.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were 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 $925,528.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares in the company, valued at approximately $925,528.31. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Scott J. Mclean sold 60,000 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the completion of the sale, the president now owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,578 shares of company stock worth $3,498,965. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association Trading Down 3.8 %

Zions Bancorporation, National Association stock traded down $1.84 during trading on Friday, reaching $46.78. 3,199,429 shares of the company were exchanged, compared to its average volume of 2,014,173. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s 50 day simple moving average is $44.85 and its two-hundred day simple moving average is $42.71. The company has a market capitalization of $6.91 billion, a P/E ratio of 11.75, a PEG ratio of 2.94 and a beta of 1.11. Zions Bancorporation, National Association has a 52-week low of $28.90 and a 52-week high of $53.32.

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

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.51%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 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.