OLD National Bancorp IN Has $200,000 Position in Zions Bancorporation, National Association (NASDAQ:ZION)

OLD National Bancorp IN lowered its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,690 shares of the bank’s stock after selling 628 shares during the quarter. OLD National Bancorp IN’s holdings in Zions Bancorporation, National Association were worth $200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter worth approximately $28,000. Venturi Wealth Management LLC increased its stake in Zions Bancorporation, National Association by 209.1% in the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock valued at $117,000 after acquiring an additional 1,671 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Zions Bancorporation, National Association during the third quarter valued at about $119,000. TD Private Client Wealth LLC lifted 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 purchasing an additional 375 shares during the last quarter. Finally, Diversify Wealth Management LLC bought a new position in shares of Zions Bancorporation, National Association during the 4th quarter valued at about $201,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 3,605 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $58.06, for a total transaction of $209,306.30. Following the sale, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,434,894.84. This trade represents a 12.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the transaction, the vice president now owns 35,878 shares of the company’s stock, valued at $2,182,817.52. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,496 shares of company stock valued at $873,762. 2.22% of the stock is owned by insiders.

Zions Bancorporation, National Association Price Performance

Shares of ZION opened at $57.86 on Monday. Zions Bancorporation, National Association has a fifty-two week low of $37.76 and a fifty-two week high of $63.22. The firm’s 50-day simple moving average is $57.01 and its two-hundred day simple moving average is $52.50. The stock has a market cap of $8.55 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 2.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The company had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. During the same quarter in the prior year, the business posted $0.78 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts anticipate that Zions Bancorporation, National Association will post 5.23 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 13th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.97%. Zions Bancorporation, National Association’s payout ratio is 34.75%.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Evercore ISI raised their price target on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on shares of Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, January 22nd. UBS Group assumed coverage on Zions Bancorporation, National Association in a report on Tuesday, December 17th. They set a “neutral” rating and a $64.00 price target on the stock. Finally, Truist Financial increased their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.