Avaii Wealth Management LLC Has $415,000 Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Avaii Wealth Management LLC reduced its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 4.5% in the 3rd quarter, HoldingsChannel reports. 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 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ZION. GAMMA Investing LLC lifted its stake in Zions Bancorporation, National Association by 24.6% in the 1st quarter. GAMMA Investing LLC now owns 6,544 shares of the bank’s stock valued at $284,000 after purchasing an additional 1,292 shares during the last quarter. CVA Family Office LLC lifted its stake in Zions Bancorporation, National Association by 1.0% in the 1st quarter. CVA Family Office LLC now owns 24,783 shares of the bank’s stock valued at $1,076,000 after purchasing an additional 245 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in Zions Bancorporation, National Association in the 1st quarter valued at about $741,000. Principal Financial Group Inc. lifted its stake in Zions Bancorporation, National Association by 197.5% in the 1st quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock valued at $24,616,000 after purchasing an additional 376,549 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Zions Bancorporation, National Association by 4.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 57,497 shares of the bank’s stock valued at $2,495,000 after purchasing an additional 2,285 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Trading Down 0.2 %

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

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. During the same quarter in the prior year, the business earned $1.11 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. On average, sell-side analysts predict that Zions Bancorporation, National Association will post 4.53 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.41 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.22%. Zions Bancorporation, National Association’s dividend payout ratio is currently 39.52%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ZION. Evercore ISI cut their price objective on shares of Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Wolfe Research upgraded shares of Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Truist Financial cut their price objective on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Finally, The Goldman Sachs Group raised their price objective on shares of Zions Bancorporation, National Association from $47.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. One 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 data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and a consensus target price of $49.28.

Insider Activity

In related news, EVP Terry Alan Shirey sold 1,917 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the sale, the executive vice president now owns 24,640 shares in the company, valued at $1,275,859.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the sale, the vice president now owns 17,857 shares in the company, valued at $925,528.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Terry Alan Shirey sold 1,917 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $51.78, for a total transaction of $99,262.26. Following the completion of the sale, the executive vice president now owns 24,640 shares in the company, valued at $1,275,859.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,073 shares of company stock worth $3,476,298. Company insiders own 2.22% of the company’s stock.

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.