Crossmark Global Holdings Inc. Sells 900 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Crossmark Global Holdings Inc. reduced its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,890 shares of the bank’s stock after selling 900 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Zions Bancorporation, National Association were worth $342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC acquired a new stake in Zions Bancorporation, National Association in the 1st quarter valued at $27,000. Federated Hermes Inc. increased its stake in Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after buying an additional 331 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Zions Bancorporation, National Association in the 4th quarter valued at $29,000. ORG Partners LLC acquired a new stake in Zions Bancorporation, National Association in the 2nd quarter valued at $33,000. Finally, Quarry LP acquired a new stake in Zions Bancorporation, National Association in the 4th quarter valued at $49,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $51.83, for a total value of $3,109,800.00. Following the transaction, the president now directly owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, President Scott J. Mclean sold 60,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the sale, the president now owns 74,286 shares in the company, valued at approximately $3,850,243.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Terry Alan Shirey sold 1,917 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the transaction, the executive vice president now owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The disclosure for this sale can be found here. Insiders sold 67,073 shares of company stock valued at $3,476,298 over the last quarter. 2.22% of the stock is owned by company insiders.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ:ZION opened at $48.64 on Wednesday. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32. The company’s 50 day moving average price is $47.34 and its two-hundred day moving average price is $43.65. The firm has a market cap of $7.18 billion, a PE ratio of 12.22, a PEG ratio of 2.99 and a beta of 1.10. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The business had revenue of $776.00 million for the quarter, compared to the consensus estimate of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 earnings per share. Equities research analysts predict that Zions Bancorporation, National Association will post 4.53 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Analyst Ratings Changes

Several brokerages have issued reports on ZION. Keefe, Bruyette & Woods lifted their price target on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company a “market perform” rating in a research note on Tuesday, July 23rd. Morgan Stanley boosted their price objective on shares of Zions Bancorporation, National Association from $42.00 to $54.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Robert W. Baird boosted their price objective on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Wedbush boosted their price objective on shares of Zions Bancorporation, National Association from $46.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Argus lowered shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and a consensus target price of $48.61.

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.