Charles Schwab Investment Management Inc. Acquires 27,934 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Charles Schwab Investment Management Inc. raised its holdings in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,746,184 shares of the bank's stock after buying an additional 27,934 shares during the period. Charles Schwab Investment Management Inc. owned about 2.53% of Zions Bancorporation, National Association worth $164,345,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ZION. Federated Hermes Inc. raised its position in shares of Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank's stock worth $28,000 after purchasing an additional 331 shares during the last quarter. Versant Capital Management Inc grew its stake in Zions Bancorporation, National Association by 4,613.3% in the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank's stock worth $93,000 after acquiring an additional 2,076 shares during the period. Daiwa Securities Group Inc. grew its stake in Zions Bancorporation, National Association by 15.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,497 shares of the bank's stock worth $122,000 after acquiring an additional 469 shares during the period. EMC Capital Management purchased a new stake in Zions Bancorporation, National Association in the 3rd quarter worth approximately $126,000. Finally, Covestor Ltd grew its stake in Zions Bancorporation, National Association by 22.7% in the 3rd quarter. Covestor Ltd now owns 4,367 shares of the bank's stock worth $152,000 after acquiring an additional 809 shares during the period. Hedge funds and other institutional investors own 76.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ZION shares. JPMorgan Chase & Co. boosted their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, April 4th. Evercore ISI boosted their price objective on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. Truist Financial reiterated a "hold" rating and issued a $46.00 price objective on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. UBS Group cut their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, April 23rd. Finally, Jefferies Financial Group cut their price objective 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, April 8th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $43.16.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION traded up $0.03 during trading on Friday, reaching $44.32. 1,061,106 shares of the company's stock were exchanged, compared to its average volume of 2,829,115. The business has a 50 day moving average price of $41.53 and a 200-day moving average price of $39.87. The stock has a market capitalization of $6.54 billion, a P/E ratio of 11.13 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77. Zions Bancorporation, National Association has a fifty-two week low of $21.96 and a fifty-two week high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates 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 quarter last year, the company posted $1.33 earnings per share. Sell-side analysts forecast that Zions Bancorporation, National Association will post 4.38 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.64 dividend on an annualized basis and a yield of 3.70%. Zions Bancorporation, National Association's payout ratio is 41.21%.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the sale, the executive vice president now directly owns 44,056 shares in the company, valued at $1,797,925.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zions Bancorporation, National Association news, VP Mark Richard Young sold 5,597 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $40.21, for a total transaction of $225,055.37. Following the transaction, the vice president now directly owns 12,133 shares in the company, valued at approximately $487,867.93. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the transaction, the executive vice president now owns 44,056 shares in the company, valued at $1,797,925.36. The disclosure for this sale can be found here. Insiders sold 19,888 shares of company stock worth $827,655 over the last three months. Company insiders own 2.22% of the company's stock.

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.