Sequoia Financial Advisors LLC Takes Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Sequoia Financial Advisors LLC purchased a new position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,456 shares of the bank's stock, valued at approximately $1,336,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. grew its holdings in Zions Bancorporation, National Association by 50.3% in the first quarter. American Century Companies Inc. now owns 33,685 shares of the bank's stock worth $2,209,000 after purchasing an additional 11,267 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Zions Bancorporation, National Association by 2.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,168 shares of the bank's stock valued at $1,060,000 after buying an additional 341 shares in the last quarter. HighTower Advisors LLC raised its stake in Zions Bancorporation, National Association by 2.7% in the first quarter. HighTower Advisors LLC now owns 17,117 shares of the bank's stock valued at $1,120,000 after buying an additional 448 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Zions Bancorporation, National Association in the first quarter worth about $267,000. Finally, Acadian Asset Management LLC grew its stake in shares of Zions Bancorporation, National Association by 453.6% during the first quarter. Acadian Asset Management LLC now owns 4,235 shares of the bank's stock worth $277,000 after acquiring an additional 3,470 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Trading Down 1.4 %

Shares of NASDAQ ZION traded down $0.59 during trading on Friday, hitting $40.67. 1,564,036 shares of the company were exchanged, compared to its average volume of 3,618,675. The firm has a market capitalization of $6.00 billion, a PE ratio of 9.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a 12-month low of $18.26 and a 12-month high of $46.15. The company has a fifty day moving average price of $40.75 and a 200-day moving average price of $38.94.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its earnings results 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 analysts' expectations of $754.81 million. Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. During the same quarter last year, the business earned $1.84 earnings per share. As a group, equities research analysts expect that Zions Bancorporation, National Association will post 4.27 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders 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 annualized dividend and a dividend yield of 4.03%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 37.70%.

Insider Activity

In related news, VP A Scott Anderson sold 832 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total transaction of $32,647.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP A Scott Anderson sold 832 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total transaction of $32,647.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Harris H. Simmons bought 3,600 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were purchased at an average price of $38.99 per share, with a total value of $140,364.00. Following the purchase, the chief executive officer now owns 1,261,866 shares of the company's stock, valued at approximately $49,200,155.34. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 18,022 shares of company stock worth $744,893. Corporate insiders own 2.22% of the company's stock.

Wall Street Analyst Weigh In

ZION has been the subject of several research reports. Compass Point reiterated a "neutral" rating on shares of Zions Bancorporation, National Association in a research note on Monday, January 8th. TheStreet raised Zions Bancorporation, National Association from a "c+" rating to a "b-" rating in a report on Wednesday, January 3rd. Jefferies Financial Group decreased their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a "hold" rating for the company in a report on Monday, April 8th. Truist Financial reiterated a "hold" rating and issued a $46.00 price target on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. upped their price objective 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. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Zions Bancorporation, National Association has an average rating of "Hold" and an average price target of $43.00.

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.