Net Worth Advisory Group Invests $530,000 in Zions Bancorporation, N.A. $ZION

Net Worth Advisory Group bought a new stake in Zions Bancorporation, N.A. (NASDAQ:ZION) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,061 shares of the bank’s stock, valued at approximately $530,000.

Other large investors have also added to or reduced their stakes in the company. Community Bank N.A. bought a new stake in Zions Bancorporation, N.A. during the third quarter worth about $36,000. Steph & Co. purchased a new position in shares of Zions Bancorporation, N.A. in the 3rd quarter worth about $37,000. Salomon & Ludwin LLC bought a new position in shares of Zions Bancorporation, N.A. during the 3rd quarter valued at about $37,000. Quent Capital LLC purchased a new position in shares of Zions Bancorporation, N.A. during the 3rd quarter valued at about $45,000. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Zions Bancorporation, N.A. by 3,950.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 810 shares of the bank’s stock valued at $46,000 after buying an additional 790 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Insider Activity

In related news, EVP Steven Dan Stephens sold 15,476 shares of Zions Bancorporation, N.A. stock in a transaction on Friday, February 6th. The shares were sold at an average price of $65.90, for a total value of $1,019,868.40. Following the sale, the executive vice president owned 41,127 shares in the company, valued at $2,710,269.30. The trade was a 27.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Eric Ellingsen sold 1,519 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $61.27, for a total transaction of $93,069.13. Following the completion of the transaction, the vice president owned 40,361 shares of the company’s stock, valued at $2,472,918.47. This trade represents a 3.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 55,581 shares of company stock valued at $3,498,774. 2.22% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on ZION shares. Citigroup upped their target price on Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Robert W. Baird raised shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a research note on Monday, March 9th. Evercore boosted their price objective on shares of Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. Morgan Stanley raised shares of 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. Finally, Brean Capital initiated coverage on shares of Zions Bancorporation, N.A. in a report on Thursday, March 12th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Zions Bancorporation, N.A. currently has an average rating of “Hold” and a consensus price target of $63.58.

Zions Bancorporation, N.A. Price Performance

ZION stock opened at $55.40 on Friday. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 9.23 and a beta of 0.83. The firm’s 50-day moving average price is $58.89 and its two-hundred day moving average price is $56.80. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Zions Bancorporation, N.A. has a 12-month low of $39.32 and a 12-month high of $66.18.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is currently 30.00%.

Zions Bancorporation, N.A. Profile

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.