Federated Hermes Inc. Has $28,000 Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Federated Hermes Inc. raised its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 105.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 645 shares of the bank’s stock after purchasing an additional 331 shares during the quarter. Federated Hermes Inc.’s holdings in Zions Bancorporation, National Association were worth $28,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ZION. Vaughan Nelson Investment Management L.P. grew its position in Zions Bancorporation, National Association by 119.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock valued at $101,396,000 after acquiring an additional 1,259,571 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter valued at approximately $28,113,000. Artemis Investment Management LLP acquired a new position in Zions Bancorporation, National Association during the 4th quarter worth approximately $28,025,000. Schonfeld Strategic Advisors LLC bought a new position in Zions Bancorporation, National Association in the 3rd quarter valued at approximately $13,759,000. Finally, Fuller & Thaler Asset Management Inc. boosted its position in Zions Bancorporation, National Association by 16.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,326,970 shares of the bank’s stock valued at $81,188,000 after buying an additional 336,893 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION opened at $43.81 on Wednesday. The firm has a market capitalization of $6.47 billion, a PE ratio of 11.01 and a beta of 1.13. Zions Bancorporation, National Association has a 52-week low of $21.96 and a 52-week high of $46.15. The stock has a 50-day simple moving average of $41.31 and a two-hundred day simple moving average of $39.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same period last year, the business earned $1.33 earnings per share. Analysts forecast that Zions Bancorporation, National Association will post 4.38 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.74%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 41.21%.

Insider Activity

In related news, CEO Alan M. Forney sold 1,500 shares of the company’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 $968,866.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the sale, the chief executive officer now directly owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction that occurred 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 owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,888 shares of company stock worth $827,655. 2.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ZION. Robert W. Baird lowered their target price on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Jefferies Financial Group cut their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Evercore ISI upped their price target on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Stephens lifted their price target on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada boosted their price objective on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.16.

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.