Delta Capital Management LLC Purchases Shares of 4,460 Zions Bancorporation, National Association (NASDAQ:ZION)

Delta Capital Management LLC acquired a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,460 shares of the bank’s stock, valued at approximately $242,000.

Several other hedge funds have also modified their holdings of ZION. ORG Wealth Partners LLC acquired a new stake in Zions Bancorporation, National Association during the third quarter worth about $28,000. Abich Financial Wealth Management LLC increased its position in Zions Bancorporation, National Association by 26.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock worth $61,000 after purchasing an additional 296 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Zions Bancorporation, National Association during the 2nd quarter worth approximately $101,000. Venturi Wealth Management LLC raised its holdings in Zions Bancorporation, National Association by 209.1% in the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock valued at $117,000 after buying an additional 1,671 shares during the period. Finally, Brooklyn Investment Group acquired a new position in Zions Bancorporation, National Association during the third quarter valued at approximately $119,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Robert W. Baird raised their target price on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. UBS Group began coverage on Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 price objective on the stock. Wedbush upped their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their target price on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group upgraded Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $58.25.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock opened at $58.04 on Friday. The firm has a market cap of $8.57 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 2.86 and a beta of 1.12. Zions Bancorporation, National Association has a 1 year low of $37.76 and a 1 year high of $63.22. The firm’s 50-day simple moving average is $57.30 and its 200-day simple moving average is $51.60. 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 Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.16 by $0.21. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same quarter last year, the firm earned $1.13 EPS. Equities analysts forecast that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a $0.43 dividend. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Thursday, November 14th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 39.18%.

Insider Activity

In related news, EVP Jennifer Anne Smith sold 4,385 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total value of $234,422.10. Following the sale, the executive vice president now owns 24,714 shares of the company’s stock, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul E. Burdiss sold 9,506 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the transaction, the executive vice president now directly owns 86,232 shares of the company’s stock, 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. In the last three months, insiders sold 18,881 shares of company stock valued at $1,108,184. Company insiders own 2.22% of the company’s stock.

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.