Harbor Investment Advisory LLC Increases Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Harbor Investment Advisory LLC grew its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 92.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,046 shares of the bank's stock after acquiring an additional 59,208 shares during the quarter. Harbor Investment Advisory LLC owned about 0.08% of Zions Bancorporation, National Association worth $5,398,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG boosted its holdings in shares of Zions Bancorporation, National Association by 22.1% in the third quarter. Deutsche Bank AG now owns 389,686 shares of the bank's stock worth $13,596,000 after buying an additional 70,461 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Zions Bancorporation, National Association by 119.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank's stock worth $101,396,000 after buying an additional 1,259,571 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Zions Bancorporation, National Association by 55.2% in the fourth quarter. Nordea Investment Management AB now owns 264,384 shares of the bank's stock worth $11,678,000 after buying an additional 94,077 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Zions Bancorporation, National Association by 31.4% in the third quarter. Kestra Advisory Services LLC now owns 10,326 shares of the bank's stock worth $360,000 after buying an additional 2,467 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Zions Bancorporation, National Association in the third quarter worth approximately $491,000. Hedge funds and other institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Down 5.6 %

NASDAQ:ZION traded down $2.42 during mid-day trading on Wednesday, reaching $41.09. The company's stock had a trading volume of 2,112,642 shares, compared to its average volume of 3,144,146. Zions Bancorporation, National Association has a 1 year low of $18.26 and a 1 year high of $46.15. The stock has a fifty day moving average of $40.69 and a 200-day moving average of $38.81. The firm has a market capitalization of $6.06 billion, a PE ratio of 9.45 and a beta of 1.13. 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 released its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.10). The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations 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 last year, the company earned $1.84 earnings per share. Equities research analysts forecast that Zions Bancorporation, National Association will post 4.27 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were issued 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 3.99%. Zions Bancorporation, National Association's dividend payout ratio is presently 37.70%.

Insiders Place Their Bets

In related news, CEO Harris H. Simmons acquired 4,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Zions Bancorporation, National Association news, CEO Harris H. Simmons purchased 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the chief executive officer now owns 1,312,987 shares in the company, valued at $50,602,518.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP A Scott Anderson sold 4,093 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $44.25, for a total transaction of $181,115.25. Following the completion of the transaction, the vice president now owns 14,665 shares in the company, valued at approximately $648,926.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,022 shares of company stock worth $744,893. 2.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ZION has been the topic of several analyst reports. Wedbush lowered their price target on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a "neutral" rating on the stock in a report on Tuesday, January 23rd. Truist Financial reaffirmed a "hold" rating and set a $46.00 price target on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. JPMorgan Chase & Co. lifted their price target on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a "neutral" rating in a report on Thursday, April 4th. Jefferies Financial Group lowered their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a "hold" rating on the stock in a report on Monday. Finally, The Goldman Sachs Group lifted their price target on shares of Zions Bancorporation, National Association from $37.00 to $42.00 and gave the company a "neutral" rating in a report on Monday, December 18th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of "Hold" and an average target price of $43.00.

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.

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