LSV Asset Management Has $187.49 Million Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

LSV Asset Management trimmed its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,273,702 shares of the bank's stock after selling 219,916 shares during the quarter. LSV Asset Management owned 2.88% of Zions Bancorporation, National Association worth $187,487,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Kestra Private Wealth Services LLC increased its stake in shares of Zions Bancorporation, National Association by 1.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 22,288 shares of the bank's stock valued at $978,000 after buying an additional 286 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in Zions Bancorporation, National Association by 1.2% in the fourth quarter. Yousif Capital Management LLC now owns 26,161 shares of the bank's stock valued at $1,148,000 after acquiring an additional 310 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in Zions Bancorporation, National Association by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank's stock valued at $2,229,000 after acquiring an additional 330 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Zions Bancorporation, National Association by 105.4% in the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank's stock valued at $28,000 after acquiring an additional 331 shares during the last quarter. Finally, New Mexico Educational Retirement Board boosted its holdings in Zions Bancorporation, National Association by 5.5% in the third quarter. New Mexico Educational Retirement Board now owns 7,672 shares of the bank's stock valued at $268,000 after acquiring an additional 400 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ZION shares. Robert W. Baird decreased their price target on Zions Bancorporation, National Association from $50.00 to $48.00 and set a "neutral" rating on the stock in a report on Tuesday, January 23rd. 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 research report on Thursday, April 4th. Jefferies Financial Group dropped their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a "hold" rating on the stock in a research note on Monday, April 8th. Truist Financial reissued a "hold" rating and set a $46.00 price target on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Zions Bancorporation, National Association in a research note on Wednesday, April 10th. They issued a "hold" rating and a $47.00 target price for the company. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $43.16.

Zions Bancorporation, National Association Stock Up 2.1 %

Shares of Zions Bancorporation, National Association stock traded up $0.90 on Friday, hitting $43.62. The company had a trading volume of 2,094,638 shares, compared to its average volume of 1,936,221. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 10.96 and a beta of 1.13. Zions Bancorporation, National Association has a 1 year low of $18.26 and a 1 year high of $46.15. The stock has a 50 day moving average of $41.10 and a 200-day moving average of $39.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.02). The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $747.21 million. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. During the same period last year, the company earned $1.33 earnings per share. As a group, sell-side analysts forecast that Zions Bancorporation, National Association will post 4.38 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Wednesday, May 15th. Zions Bancorporation, National Association's payout ratio is 41.21%.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 832 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $39.24, for a total transaction of $32,647.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of the firm's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the sale, the chief executive officer now owns 22,181 shares in the company, valued at $968,866.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP A Scott Anderson sold 832 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $39.24, for a total value of $32,647.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,429 shares of company stock valued at $629,298. 2.22% of the stock is owned by insiders.

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.