Crewe Advisors LLC Sells 784 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Crewe Advisors LLC reduced its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 18.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,530 shares of the bank’s stock after selling 784 shares during the period. Crewe Advisors LLC’s holdings in Zions Bancorporation, National Association were worth $153,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fidelis Capital Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the 1st quarter worth about $27,000. Federated Hermes Inc. raised its position in shares of Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after acquiring an additional 331 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Zions Bancorporation, National Association in the 4th quarter worth about $29,000. Quarry LP bought a new position in shares of Zions Bancorporation, National Association in the 4th quarter worth about $49,000. Finally, American Capital Advisory LLC raised its position in shares of Zions Bancorporation, National Association by 58.5% in the 1st quarter. American Capital Advisory LLC now owns 1,328 shares of the bank’s stock worth $58,000 after acquiring an additional 490 shares in the last quarter. 76.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ZION shares. Keefe, Bruyette & Woods lifted their price objective on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the stock a “market perform” rating in a research report on Tuesday. Morgan Stanley raised their target price on Zions Bancorporation, National Association from $39.00 to $42.00 and gave the company an “underweight” rating in a research note on Tuesday. Truist Financial lifted their price target on Zions Bancorporation, National Association from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday. UBS Group cut their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, April 23rd. Finally, The Goldman Sachs Group lifted their price target on Zions Bancorporation, National Association from $47.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $48.06.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ:ZION traded up $0.82 during mid-day trading on Thursday, reaching $51.80. The company had a trading volume of 2,036,122 shares, compared to its average volume of 2,379,245. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.01. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 5.36 and a beta of 1.11. The company’s 50-day moving average price is $44.04 and its 200-day moving average price is $42.41. Zions Bancorporation, National Association has a one year low of $28.90 and a one year high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The company had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 14.13%. Zions Bancorporation, National Association’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 EPS. As a group, equities research analysts anticipate that Zions Bancorporation, National Association will post 4.36 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 16th were issued a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.17%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Insider Buying and Selling at Zions Bancorporation, National Association

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

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.