Global Retirement Partners LLC Cuts Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Global Retirement Partners LLC decreased its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,628 shares of the bank’s stock after selling 490 shares during the period. Global Retirement Partners LLC’s holdings in Zions Bancorporation, National Association were worth $407,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ZION. Fidelis Capital Partners LLC purchased a new position in shares of Zions Bancorporation, National Association during the first quarter valued at about $27,000. ORG Wealth Partners LLC purchased a new position in shares of Zions Bancorporation, National Association during the third quarter valued at about $28,000. ORG Partners LLC purchased a new position in Zions Bancorporation, National Association in the second quarter worth about $33,000. International Assets Investment Management LLC purchased a new position in Zions Bancorporation, National Association in the second quarter worth about $34,000. Finally, Rothschild Investment LLC purchased a new position in Zions Bancorporation, National Association in the second quarter worth about $39,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Wall Street Analysts Forecast Growth

ZION has been the subject of several recent research reports. Evercore ISI dropped their price target on Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Robert W. Baird lifted their price target on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Wolfe Research upgraded Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Truist Financial dropped their price target on Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $49.28.

Zions Bancorporation, National Association Stock Down 3.5 %

Shares of NASDAQ ZION opened at $49.44 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.91 and a beta of 1.09. The stock has a 50 day moving average price of $47.51 and a 200 day moving average price of $45.20. Zions Bancorporation, National Association has a 52-week low of $28.90 and a 52-week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. The firm had revenue of $776.00 million during the quarter, compared to analyst estimates of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. Zions Bancorporation, National Association’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 earnings per share. Sell-side analysts expect that Zions Bancorporation, National Association will post 4.53 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a $0.41 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.32%. Zions Bancorporation, National Association’s payout ratio is 39.52%.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the sale, the vice president now owns 17,857 shares in the company, valued at $925,528.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the sale, the vice president now owns 17,857 shares in the company, valued at $925,528.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Scott J. Mclean sold 60,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total value of $3,109,800.00. Following the sale, the president now owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,073 shares of company stock worth $3,476,298 over the last 90 days. Company insiders own 2.22% of the company’s stock.

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.