Oak Thistle LLC Has $448,000 Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Oak Thistle LLC cut its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 43.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,313 shares of the bank’s stock after selling 8,013 shares during the quarter. Oak Thistle LLC’s holdings in Zions Bancorporation, National Association were worth $448,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ZION. Contravisory Investment Management Inc. bought a new position in Zions Bancorporation, National Association during the 1st quarter worth about $741,000. CVA Family Office LLC grew its holdings in shares of Zions Bancorporation, National Association by 1.0% during the first quarter. CVA Family Office LLC now owns 24,783 shares of the bank’s stock worth $1,076,000 after buying an additional 245 shares in the last quarter. GAMMA Investing LLC raised its position in Zions Bancorporation, National Association by 24.6% in the 1st quarter. GAMMA Investing LLC now owns 6,544 shares of the bank’s stock valued at $284,000 after buying an additional 1,292 shares during the last quarter. Sierra Summit Advisors LLC bought a new stake in Zions Bancorporation, National Association in the 4th quarter valued at approximately $557,000. Finally, Readystate Asset Management LP acquired a new position in Zions Bancorporation, National Association during the 4th quarter worth approximately $1,176,000. 76.84% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the transaction, the chief executive officer now directly owns 22,181 shares of the company’s stock, valued at $968,866.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of the 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 transaction, the chief executive officer now owns 22,181 shares in the company, valued at approximately $968,866.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares of the company’s stock, valued at $970,911.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,296 shares of company stock valued at $319,192. 2.22% of the stock is owned by company insiders.

Zions Bancorporation, National Association Stock Down 0.1 %

Shares of ZION opened at $43.32 on Tuesday. The firm has a market cap of $6.40 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 4.99 and a beta of 1.11. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. Zions Bancorporation, National Association has a 52 week low of $26.69 and a 52 week high of $46.15. The firm’s 50-day simple moving average is $42.51 and its 200 day simple moving average is $41.94.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.02). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same period in the previous year, the company posted $1.33 EPS. On average, analysts forecast that Zions Bancorporation, National Association will post 4.37 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, May 23rd. Stockholders of record on Thursday, May 16th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Wednesday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

Wall Street Analyst Weigh In

ZION has been the topic of a number of research reports. Royal Bank of Canada boosted their price objective on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 23rd. Evercore ISI increased 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 research note on Thursday, March 28th. UBS Group decreased their price objective on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, April 23rd. Truist Financial reiterated a “hold” rating and set a $46.00 target price on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Finally, Jefferies Financial Group decreased their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $43.82.

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.