Geneos Wealth Management Inc. Has $296,000 Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Geneos Wealth Management Inc. cut its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,824 shares of the bank’s stock after selling 500 shares during the period. Geneos Wealth Management Inc.’s holdings in Zions Bancorporation, National Association were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG grew its position in shares of Zions Bancorporation, National Association by 22.1% during the 3rd quarter. Deutsche Bank AG now owns 389,686 shares of the bank’s stock worth $13,596,000 after buying an additional 70,461 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Zions Bancorporation, National Association by 55.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank’s stock worth $2,644,000 after purchasing an additional 21,551 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Zions Bancorporation, National Association by 119.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after buying an additional 1,259,571 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Zions Bancorporation, National Association by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,746,184 shares of the bank’s stock worth $164,345,000 after buying an additional 27,934 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Zions Bancorporation, National Association during the fourth quarter worth $1,268,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Trading Down 0.2 %

Shares of NASDAQ:ZION opened at $47.32 on Friday. The stock’s fifty day moving average price is $42.89 and its 200-day moving average price is $41.99. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82. Zions Bancorporation, National Association has a 1 year low of $28.90 and a 1 year high of $47.65. The company has a market cap of $6.99 billion, a P/E ratio of 11.91, a PEG ratio of 4.62 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $747.21 million. During the same quarter in the prior year, the business posted $1.33 EPS. Sell-side analysts expect that Zions Bancorporation, National Association will post 4.36 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Wednesday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ZION shares. JPMorgan Chase & Co. upped their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Royal Bank of Canada upped their price objective on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft started coverage on shares of Zions Bancorporation, National Association in a report on Wednesday, April 10th. They issued a “hold” rating and a $47.00 target price for the company. UBS Group dropped their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, April 23rd. Finally, Truist Financial reiterated a “hold” rating and issued a $46.00 price objective on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and an average price target of $43.88.

Insider Activity

In related news, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the transaction, the chief executive officer now owns 22,181 shares in the company, valued at approximately $968,866.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the transaction, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Alan M. Forney sold 1,500 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the transaction, the chief executive officer now directly owns 22,181 shares in the company, valued at $968,866.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,296 shares of company stock valued at $319,192. 2.22% of the stock is currently owned by insiders.

About Zions Bancorporation, National Association

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.