Tweedy Browne Co LLC Raises Stock Holdings in Zions Bancorporation, N.A. $ZION

Tweedy Browne Co LLC boosted its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 105.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,647 shares of the bank’s stock after purchasing an additional 10,592 shares during the quarter. Tweedy Browne Co LLC’s holdings in Zions Bancorporation, N.A. were worth $1,168,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ZION. Traub Capital Management LLC acquired a new stake in shares of Zions Bancorporation, N.A. during the second quarter worth approximately $31,000. Community Bank N.A. bought a new position in Zions Bancorporation, N.A. during the 3rd quarter valued at $36,000. Salomon & Ludwin LLC acquired a new position in Zions Bancorporation, N.A. during the 3rd quarter worth $37,000. Steph & Co. bought a new stake in shares of Zions Bancorporation, N.A. in the 3rd quarter worth about $37,000. Finally, Quent Capital LLC acquired a new position in Zions Bancorporation, N.A. in the third quarter worth about $45,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Price Performance

ZION opened at $54.02 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $59.57 and its 200 day moving average price is $56.90. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $66.18. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 9.00 and a beta of 0.83.

Zions Bancorporation, N.A. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio is presently 30.00%.

Insider Buying and Selling at Zions Bancorporation, N.A.

In related news, EVP Steven Dan Stephens sold 15,476 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $65.90, for a total transaction of $1,019,868.40. Following the completion of the transaction, the executive vice president directly owned 41,127 shares in the company, valued at $2,710,269.30. This represents a 27.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 2,089 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $62.48, for a total value of $130,520.72. Following the completion of the sale, the executive vice president directly owned 22,733 shares in the company, valued at $1,420,357.84. This represents a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 55,581 shares of company stock worth $3,498,774. Corporate insiders own 1.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ZION. Morgan Stanley upgraded Zions Bancorporation, N.A. from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $75.00 in a research note on Monday, March 2nd. Barclays lifted their target price on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the stock an “underweight” rating in a research report on Monday, January 5th. Robert W. Baird upgraded Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Monday, March 9th. JPMorgan Chase & Co. upped their price target on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, December 16th. Finally, Truist Financial raised their price objective on Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $63.58.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.