EP Wealth Advisors LLC Has $387,000 Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

EP Wealth Advisors LLC lowered its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 24.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,831 shares of the bank’s stock after selling 2,879 shares during the quarter. EP Wealth Advisors LLC’s holdings in Zions Bancorporation, National Association were worth $387,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ZION. Federated Hermes Inc. increased 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 in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Zions Bancorporation, National Association during the 4th quarter worth about $29,000. Quarry LP acquired a new stake in shares of Zions Bancorporation, National Association during the 4th quarter worth about $49,000. Versant Capital Management Inc increased its position in shares of Zions Bancorporation, National Association by 4,613.3% during the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock worth $93,000 after purchasing an additional 2,076 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Zions Bancorporation, National Association during the 4th quarter worth about $126,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Up 0.3 %

Zions Bancorporation, National Association stock opened at $41.40 on Thursday. The company’s 50 day simple moving average is $42.19 and its 200 day simple moving average is $41.77. Zions Bancorporation, National Association has a fifty-two week low of $26.35 and a fifty-two week high of $46.15. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 4.74 and a beta of 1.11. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.02). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $1.33 EPS. As a group, sell-side analysts anticipate that Zions Bancorporation, National Association will post 4.37 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th were issued a dividend of $0.41 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.64 annualized dividend and a yield of 3.96%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 41.21%.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the sale, the chief executive officer now directly owns 22,181 shares in the company, valued at approximately $968,866.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the sale, the executive vice president now directly owns 22,238 shares in the company, valued at $970,911.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the sale, the chief executive officer now owns 22,181 shares in the company, valued at $968,866.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,296 shares of company stock worth $319,192. Company insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

ZION has been the subject of several research reports. Royal Bank of Canada raised their price objective on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They issued a “hold” rating and a $47.00 price objective for the company. Truist Financial restated 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. Jefferies Financial Group lowered their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Finally, Evercore ISI raised their price objective on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $43.82.

Zions Bancorporation, National Association Company 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.