Soltis Investment Advisors LLC Sells 11,156 Shares of Zions Bancorporation, N.A. $ZION

Soltis Investment Advisors LLC reduced its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 30.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,370 shares of the bank’s stock after selling 11,156 shares during the period. Soltis Investment Advisors LLC’s holdings in Zions Bancorporation, N.A. were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Qsemble Capital Management LP bought a new stake in shares of Zions Bancorporation, N.A. in the fourth quarter valued at approximately $3,353,000. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Zions Bancorporation, N.A. in the fourth quarter valued at approximately $24,271,000. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Zions Bancorporation, N.A. by 5.9% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 63,100 shares of the bank’s stock valued at $3,694,000 after buying an additional 3,500 shares during the period. Blackhawk Capital Partners LLC boosted its stake in shares of Zions Bancorporation, N.A. by 13.3% in the fourth quarter. Blackhawk Capital Partners LLC now owns 5,144 shares of the bank’s stock valued at $301,000 after buying an additional 602 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Zions Bancorporation, N.A. in the fourth quarter valued at approximately $357,000. 76.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Harris H. Simmons purchased 4,500 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was bought at an average cost of $59.03 per share, for a total transaction of $265,635.00. Following the purchase, the chief executive officer owned 1,317,493 shares of the company’s stock, valued at approximately $77,771,611.79. The trade was a 0.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer Anne Smith sold 4,209 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $62.50, for a total value of $263,062.50. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,038 shares of company stock valued at $439,948 over the last quarter. 1.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ZION shares. JPMorgan Chase & Co. boosted their price target on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Morgan Stanley cut their price target on Zions Bancorporation, N.A. from $75.00 to $68.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Citigroup boosted their price target on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Brean Capital initiated coverage on Zions Bancorporation, N.A. in a research note on Thursday, March 12th. They set a “neutral” rating for the company. Finally, Evercore upped their target price on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “in-line” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Zions Bancorporation, N.A. currently has a consensus rating of “Hold” and a consensus price target of $65.53.

Zions Bancorporation, N.A. Price Performance

NASDAQ ZION opened at $59.63 on Monday. The business has a fifty day moving average price of $59.05 and a two-hundred day moving average price of $58.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.83 and a quick ratio of 0.83. Zions Bancorporation, N.A. has a fifty-two week low of $45.52 and a fifty-two week high of $66.18. The stock has a market capitalization of $8.77 billion, a PE ratio of 9.27, a PEG ratio of 1.97 and a beta of 0.83.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its earnings results on Monday, April 20th. The bank reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.13. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.The firm had revenue of $859.00 million during the quarter, compared to analysts’ expectations of $853.73 million. During the same period in the prior year, the company earned $1.13 earnings per share. Equities analysts expect that Zions Bancorporation, N.A. will post 6.44 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. declared that its Board of Directors has approved a share buyback plan on Saturday, May 2nd that permits the company to repurchase $225.00 million in shares. This repurchase authorization permits the bank to purchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.80 annualized dividend and a yield of 3.0%. Zions Bancorporation, N.A.’s dividend payout ratio is presently 27.99%.

Zions Bancorporation, N.A. Company Profile

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.