Fiduciary Management Inc. WI Sells 134,682 Shares of Zions Bancorporation, N.A. $ZION

Fiduciary Management Inc. WI trimmed its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 2,894,607 shares of the bank’s stock after selling 134,682 shares during the quarter. Zions Bancorporation, N.A. accounts for 1.9% of Fiduciary Management Inc. WI’s holdings, making the stock its 20th biggest holding. Fiduciary Management Inc. WI’s holdings in Zions Bancorporation, N.A. were worth $169,450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Zions Bancorporation, N.A. by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 7,343,076 shares of the bank’s stock worth $415,474,000 after purchasing an additional 30,552 shares during the last quarter. LSV Asset Management increased its stake in shares of Zions Bancorporation, N.A. by 1.3% during the fourth quarter. LSV Asset Management now owns 3,888,064 shares of the bank’s stock valued at $227,607,000 after buying an additional 48,346 shares during the period. AQR Capital Management LLC increased its stake in shares of Zions Bancorporation, N.A. by 31.6% during the third quarter. AQR Capital Management LLC now owns 2,963,545 shares of the bank’s stock valued at $167,677,000 after buying an additional 711,218 shares during the period. Geode Capital Management LLC increased its stake in shares of Zions Bancorporation, N.A. by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 2,963,243 shares of the bank’s stock valued at $173,501,000 after buying an additional 30,881 shares during the period. Finally, Norges Bank purchased a new position in shares of Zions Bancorporation, N.A. during the fourth quarter valued at $105,700,000. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, N.A. Price Performance

ZION opened at $63.23 on Friday. The business’s 50-day moving average is $61.11 and its two-hundred day moving average is $59.12. Zions Bancorporation, N.A. has a 1 year low of $46.19 and a 1 year high of $66.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $9.30 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 2.09 and a beta of 0.81.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its earnings results on Monday, April 20th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.13. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.The company had revenue of $859.00 million for the quarter, compared to analyst estimates of $853.73 million. During the same quarter in the previous year, the firm earned $1.13 earnings per share. Research analysts anticipate that Zions Bancorporation, N.A. will post 6.44 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, May 14th. Zions Bancorporation, N.A.’s payout ratio is 27.99%.

Zions Bancorporation, N.A. declared that its board has initiated a stock repurchase plan on Saturday, May 2nd that authorizes the company to repurchase $225.00 million in outstanding shares. This repurchase authorization authorizes the bank to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on ZION shares. Truist Financial raised their price target on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. raised their price target on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Citigroup raised their price target on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Barclays raised their price target on Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the company an “underweight” rating in a research note on Wednesday, April 22nd. Finally, Brean Capital started coverage on Zions Bancorporation, N.A. in a research note 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 issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $65.53.

Insider Transactions at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 4,209 shares of Zions Bancorporation, N.A. stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $62.50, for a total value of $263,062.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.43% of the stock is owned by company insiders.

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.