Asset One Wealth Management LLC Makes New Investment in Zions Bancorporation, N.A. $ZION

Asset One Wealth Management LLC purchased a new stake in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,052 shares of the bank's stock, valued at approximately $1,149,000.

Several other large investors have also recently modified their holdings of the business. Basswood Capital Management L.L.C. lifted its stake in shares of Zions Bancorporation, N.A. by 266.4% in the fourth quarter. Basswood Capital Management L.L.C. now owns 404,520 shares of the bank's stock worth $23,681,000 after acquiring an additional 294,121 shares during the period. LSV Asset Management increased its position in Zions Bancorporation, N.A. by 1.3% during the 4th quarter. LSV Asset Management now owns 3,888,064 shares of the bank's stock valued at $227,607,000 after purchasing an additional 48,346 shares during the period. Qsemble Capital Management LP acquired a new stake in Zions Bancorporation, N.A. during the 4th quarter valued at approximately $3,353,000. Arbejdsmarkedets Tillaegspension bought a new position in Zions Bancorporation, N.A. during the 4th quarter worth approximately $24,271,000. Finally, Norges Bank bought a new position in Zions Bancorporation, N.A. during the 4th quarter worth approximately $105,700,000. Institutional investors own 76.84% of the company's stock.

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

In other Zions Bancorporation, N.A. news, President Scott J. Mclean sold 33,285 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $70.63, for a total transaction of $2,350,919.55. Following the completion of the transaction, the president directly owned 73,043 shares of the company's stock, valued at approximately $5,159,027.09. This represents a 31.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott A. Law sold 4,608 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $72.42, for a total value of $333,711.36. Following the completion of the sale, the executive vice president directly owned 32,890 shares of the company's stock, valued at $2,381,893.80. This represents a 12.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 88,787 shares of company stock worth $6,283,858 over the last three months. 1.43% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on ZION. Stephens reduced their price objective on shares of Zions Bancorporation, N.A. from $82.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 21st. Weiss Ratings reissued a "buy (b)" rating on shares of Zions Bancorporation, N.A. in a research note on Friday, July 31st. DA Davidson boosted their target price on shares of Zions Bancorporation, N.A. from $82.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. Wall Street Zen raised shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Robert W. Baird increased their price target on Zions Bancorporation, N.A. from $68.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $71.29.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION stock opened at $68.14 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 1.62 and a beta of 0.81. Zions Bancorporation, N.A. has a 52-week low of $46.19 and a 52-week high of $73.34. The company has a 50-day simple moving average of $69.71 and a two-hundred day simple moving average of $63.68.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its earnings results on Monday, July 20th. The bank reported $1.74 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.17. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $877.44 million. Zions Bancorporation, N.A. had a return on equity of 13.72% and a net margin of 23.92%.The company's revenue was up 35.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 EPS. Research analysts anticipate that Zions Bancorporation, N.A. will post 6.6 EPS for the current fiscal year.

Zions Bancorporation, N.A. announced that its Board of Directors has authorized a stock repurchase program on Saturday, May 2nd that permits the company to repurchase $225.00 million in shares. This repurchase authorization permits the bank to reacquire up to 2.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

Zions Bancorporation, N.A. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 13th were given a $0.48 dividend. This is a positive change from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, August 13th. Zions Bancorporation, N.A.'s payout ratio is presently 24.46%.

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.

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