Vaughan Nelson Investment Management L.P. Grows Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 119.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,311,291 shares of the bank's stock after acquiring an additional 1,259,571 shares during the period. Vaughan Nelson Investment Management L.P. owned about 1.56% of Zions Bancorporation, National Association worth $101,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at about $91,760,000. State Street Corp boosted its holdings in shares of Zions Bancorporation, National Association by 14.9% in the 1st quarter. State Street Corp now owns 8,262,892 shares of the bank's stock valued at $247,308,000 after buying an additional 1,069,816 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in shares of Zions Bancorporation, National Association in the 3rd quarter valued at approximately $28,113,000. Morgan Stanley raised its position in shares of Zions Bancorporation, National Association by 19.8% in the 3rd quarter. Morgan Stanley now owns 4,513,266 shares of the bank's stock valued at $157,468,000 after purchasing an additional 745,919 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Zions Bancorporation, National Association in the 2nd quarter valued at approximately $18,044,000. 76.84% of the stock is currently owned by institutional investors.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Steven Dan Stephens sold 7,500 shares of Zions Bancorporation, National Association stock in a transaction on Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the sale, the executive vice president now owns 44,056 shares of the company's stock, valued at approximately $1,797,925.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Harris H. Simmons purchased 4,000 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average price of $38.54 per share, with a total value of $154,160.00. Following the purchase, the chief executive officer now owns 1,312,987 shares of the company's stock, valued at $50,602,518.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of Zions Bancorporation, National Association stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the sale, the executive vice president now directly owns 44,056 shares in the company, valued at approximately $1,797,925.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,022 shares of company stock valued at $744,893. 2.22% of the stock is owned by company insiders.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION traded up $0.36 during midday trading on Friday, reaching $42.08. 1,443,949 shares of the stock were exchanged, compared to its average volume of 3,810,271. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 9.67 and a beta of 1.13. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $46.15. The firm has a 50-day simple moving average of $40.76 and a two-hundred day simple moving average of $38.64. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.10). The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $754.81 million. Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. During the same period in the previous year, the business earned $1.84 EPS. As a group, analysts anticipate that Zions Bancorporation, National Association will post 4.29 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were paid a $0.41 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a yield of 3.90%. Zions Bancorporation, National Association's dividend payout ratio is currently 37.70%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ZION shares. Stephens increased their price objective on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 23rd. Wedbush decreased their price objective on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a "neutral" rating for the company in a research report on Tuesday, January 23rd. Compass Point reaffirmed a "neutral" rating on shares of Zions Bancorporation, National Association in a research report on Monday, January 8th. Truist Financial reaffirmed a "hold" rating and issued a $46.00 price objective on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Finally, The Goldman Sachs Group raised their price target on shares of Zions Bancorporation, National Association from $37.00 to $42.00 and gave the stock a "neutral" rating in a research report on Monday, December 18th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $41.84.

Zions Bancorporation, National Association Profile

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.