Avaii Wealth Management LLC Sells 409 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Avaii Wealth Management LLC trimmed its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,779 shares of the bank’s stock after selling 409 shares during the period. Avaii Wealth Management LLC’s holdings in Zions Bancorporation, National Association were worth $415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new position in Zions Bancorporation, National Association during the first quarter valued at about $27,000. ORG Wealth Partners LLC bought a new position in Zions Bancorporation, National Association during the third quarter valued at about $28,000. ORG Partners LLC bought a new position in Zions Bancorporation, National Association during the second quarter valued at about $33,000. International Assets Investment Management LLC bought a new position in Zions Bancorporation, National Association during the second quarter valued at about $34,000. Finally, Rothschild Investment LLC bought a new position in Zions Bancorporation, National Association during the second quarter valued at about $39,000. 76.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Zions Bancorporation, National Association Trading Down 0.2 %

Shares of ZION stock traded down $0.09 during trading hours on Thursday, reaching $50.98. The company had a trading volume of 315,118 shares, compared to its average volume of 2,109,696. The company has a 50 day moving average of $47.30 and a 200 day moving average of $45.07. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 1.87 and a beta of 1.09. Zions Bancorporation, National Association has a 1-year low of $28.90 and a 1-year high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The business had revenue of $776.00 million during the quarter, compared to analysts’ expectations of $761.61 million. During the same quarter in the prior year, the company earned $1.11 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts anticipate that Zions Bancorporation, National Association will post 4.53 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 39.52%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ZION shares. Robert W. Baird upped their price objective on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Evercore ISI lowered their price objective on Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Jefferies Financial Group lowered their price objective on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday, September 11th. JPMorgan Chase & Co. lowered their price objective on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $49.28.

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.