U.S. Capital Wealth Advisors LLC Sells 33,487 Shares of Zions Bancorporation, N.A. $ZION

U.S. Capital Wealth Advisors LLC cut its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 86.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,144 shares of the bank’s stock after selling 33,487 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Zions Bancorporation, N.A. were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Zions Bancorporation, N.A. by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,343,076 shares of the bank’s stock worth $415,474,000 after purchasing an additional 30,552 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of Zions Bancorporation, N.A. by 14.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 3,244,014 shares of the bank’s stock valued at $183,546,000 after buying an additional 409,065 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Zions Bancorporation, N.A. by 31.6% in the third quarter. AQR Capital Management LLC now owns 2,963,545 shares of the bank’s stock worth $167,677,000 after buying an additional 711,218 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Zions Bancorporation, N.A. by 6.4% in the third quarter. Thrivent Financial for Lutherans now owns 2,041,063 shares of the bank’s stock worth $115,483,000 after buying an additional 122,815 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Zions Bancorporation, N.A. by 23.1% in the third quarter. Wellington Management Group LLP now owns 1,621,400 shares of the bank’s stock valued at $91,739,000 after acquiring an additional 303,783 shares during the period. 76.84% of the stock is currently owned by institutional investors.

Insider Transactions at Zions Bancorporation, N.A.

In other news, EVP Jennifer Anne Smith sold 6,558 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $64.80, for a total transaction of $424,958.40. Following the sale, the executive vice president owned 18,761 shares in the company, valued at approximately $1,215,712.80. This trade represents a 25.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Harris H. Simmons acquired 4,500 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were bought at an average cost of $59.03 per share, with a total value of $265,635.00. Following the completion of the acquisition, the chief executive officer directly owned 1,317,493 shares in the company, valued at $77,771,611.79. The trade was a 0.34% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 55,581 shares of company stock worth $3,498,774. Company insiders own 1.43% of the company’s stock.

Zions Bancorporation, N.A. Stock Up 1.9%

ZION stock opened at $62.73 on Friday. The company’s 50 day moving average is $58.61 and its 200 day moving average is $57.04. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 2.07 and a beta of 0.81. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Zions Bancorporation, N.A. has a 1-year low of $39.42 and a 1-year high of $66.18.

Zions Bancorporation, N.A. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.9%. Zions Bancorporation, N.A.’s dividend payout ratio is presently 30.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 10th. Piper Sandler lowered their target price on shares of Zions Bancorporation, N.A. from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Royal Bank Of Canada raised their price target on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “sector perform” rating in a report on Wednesday, January 21st. Stephens upped their price target on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Finally, Barclays increased their price objective on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the stock an “underweight” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.79.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.