4,156 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Acquired by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC bought a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) during the 4th quarter, Holdings Channel.com reports. The fund bought 4,156 shares of the bank’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ZION. EverSource Wealth Advisors LLC boosted its position in Zions Bancorporation, National Association by 51.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock valued at $29,000 after acquiring an additional 183 shares in the last quarter. Covestor Ltd boosted its position in Zions Bancorporation, National Association by 128.1% during the 4th quarter. Covestor Ltd now owns 853 shares of the bank’s stock valued at $46,000 after acquiring an additional 479 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in Zions Bancorporation, National Association by 120.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank’s stock valued at $49,000 after acquiring an additional 493 shares in the last quarter. Millstone Evans Group LLC bought a new stake in Zions Bancorporation, National Association during the 4th quarter valued at $62,000. Finally, Natixis bought a new stake in Zions Bancorporation, National Association during the 4th quarter valued at $102,000. Institutional investors own 76.84% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jennifer Anne Smith sold 22,673 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the sale, the executive vice president now directly owns 29,313 shares in the company, valued at $1,655,305.11. This trade represents a 43.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.22% of the stock is owned by insiders.

Zions Bancorporation, National Association Price Performance

Shares of ZION opened at $49.22 on Friday. The business’s 50-day moving average is $46.48 and its two-hundred day moving average is $52.87. The company has a market capitalization of $7.26 billion, a P/E ratio of 9.94, a P/E/G ratio of 1.61 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a fifty-two week low of $39.32 and a fifty-two week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $792.49 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. During the same period last year, the firm earned $0.96 EPS. Research analysts predict that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association announced that its board has approved a share buyback plan on Monday, February 24th that allows the company to buyback $40.00 million in outstanding shares. This buyback authorization allows the bank to purchase up to 0.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Zions Bancorporation, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.49%. The ex-dividend date is Thursday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 33.59%.

Analyst Ratings Changes

Several brokerages have recently commented on ZION. Robert W. Baird decreased their price objective on Zions Bancorporation, National Association from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Truist Financial began coverage on Zions Bancorporation, National Association in a report on Tuesday, May 13th. They set a “hold” rating and a $52.00 price objective for the company. Stephens decreased their price objective on Zions Bancorporation, National Association from $54.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. DA Davidson increased their price objective on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Argus upgraded Zions Bancorporation, National Association from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of “Hold” and a consensus price target of $58.47.

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.