Strategic Financial Concepts LLC Acquires Shares of 46,784 Zions Bancorporation, National Association (NASDAQ:ZION)

Strategic Financial Concepts LLC bought a new position in Zions Bancorporation, National Association (NASDAQ:ZION) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 46,784 shares of the bank’s stock, valued at approximately $2,538,000.

A number of other institutional investors have also made changes to their positions in the company. CVA Family Office LLC lifted its stake in Zions Bancorporation, National Association by 0.9% during the third quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock worth $1,191,000 after purchasing an additional 217 shares during the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Zions Bancorporation, National Association by 1.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 17,263 shares of the bank’s stock worth $937,000 after buying an additional 249 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Zions Bancorporation, National Association by 7.0% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,252 shares of the bank’s stock valued at $288,000 after buying an additional 343 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Zions Bancorporation, National Association by 0.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank’s stock valued at $1,947,000 after buying an additional 348 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Zions Bancorporation, National Association by 15.2% during the third quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock worth $134,000 after acquiring an additional 375 shares during the period. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION opened at $57.26 on Monday. The stock’s fifty day simple moving average is $56.64 and its 200 day simple moving average is $52.75. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.74 and a beta of 1.11. Zions Bancorporation, National Association has a 52-week low of $38.01 and a 52-week high of $63.22. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The business had revenue of $820.00 million during the quarter, compared to the consensus estimate of $787.70 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Zions Bancorporation, National Association will post 5.26 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 3.00%. Zions Bancorporation, National Association’s payout ratio is presently 34.75%.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the sale, the executive vice president now directly owns 86,232 shares in the company, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on ZION. Robert W. Baird lifted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Stephens boosted their price objective on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company increased their target price on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. Compass Point boosted their price target on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley increased their price objective on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $60.71.

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.