Ingalls & Snyder LLC Has $1.38 Million Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Ingalls & Snyder LLC trimmed its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 22.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,344 shares of the bank’s stock after selling 7,500 shares during the quarter. Ingalls & Snyder LLC’s holdings in Zions Bancorporation, National Association were worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ZION. Savant Capital LLC boosted its holdings in Zions Bancorporation, National Association by 12.0% in the 4th quarter. Savant Capital LLC now owns 7,302 shares of the bank’s stock valued at $396,000 after purchasing an additional 780 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Zions Bancorporation, National Association by 0.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,698,530 shares of the bank’s stock valued at $146,396,000 after buying an additional 14,070 shares during the last quarter. Vest Financial LLC lifted its stake in shares of Zions Bancorporation, National Association by 45.7% in the fourth quarter. Vest Financial LLC now owns 45,663 shares of the bank’s stock valued at $2,477,000 after buying an additional 14,330 shares during the period. Shepherd Financial Partners LLC acquired a new stake in Zions Bancorporation, National Association during the fourth quarter worth about $215,000. Finally, Strategic Financial Concepts LLC bought a new position in Zions Bancorporation, National Association during the fourth quarter valued at about $2,538,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

Zions Bancorporation, National Association stock opened at $55.45 on Friday. Zions Bancorporation, National Association has a 12-month low of $38.01 and a 12-month high of $63.22. The stock has a 50-day simple moving average of $56.37 and a 200 day simple moving average of $52.85. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 1.74 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The company had revenue of $820.00 million during the quarter, compared to the consensus estimate of $787.70 million. During the same period in the previous year, the firm posted $0.78 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. On average, research analysts anticipate that Zions Bancorporation, National Association will post 5.26 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th will be given a $0.43 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 3.10%. Zions Bancorporation, National Association’s payout ratio is 34.75%.

Insider Activity

In other news, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the sale, the executive vice president now owns 86,232 shares in the company, valued at $5,265,325.92. The trade was a 9.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 9,693 shares of company stock valued at $591,377. Company insiders own 2.22% of the company’s stock.

Wall Street Analyst Weigh In

ZION has been the subject of a number of research reports. Compass Point raised their price objective on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Royal Bank of Canada raised their target price on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Robert W. Baird boosted their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Truist Financial increased their price objective on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI lifted their target price on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and a consensus price target of $60.71.

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.