10,029 Shares in Zions Bancorporation, N.A. $ZION Bought by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC acquired a new stake in Zions Bancorporation, N.A. (NASDAQ:ZION) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,029 shares of the bank’s stock, valued at approximately $587,000.

Several other large investors also recently modified their holdings of the business. Thrivent Financial for Lutherans increased its holdings in Zions Bancorporation, N.A. by 6.4% in the third quarter. Thrivent Financial for Lutherans now owns 2,041,063 shares of the bank’s stock valued at $115,483,000 after buying an additional 122,815 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in Zions Bancorporation, N.A. during the 3rd quarter worth approximately $934,000. Bailard Inc. acquired a new position in shares of Zions Bancorporation, N.A. in the 3rd quarter worth approximately $487,000. Gateway Investment Advisers LLC grew its position in shares of Zions Bancorporation, N.A. by 156.5% in the 3rd quarter. Gateway Investment Advisers LLC now owns 85,848 shares of the bank’s stock worth $4,857,000 after acquiring an additional 52,381 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Zions Bancorporation, N.A. by 39.2% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 89,763 shares of the bank’s stock valued at $5,079,000 after acquiring an additional 25,292 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Derek Steward sold 769 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $60.46, for a total value of $46,493.74. Following the sale, the executive vice president owned 14,307 shares of the company’s stock, valued at $865,001.22. This trade represents a 5.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer Anne Smith sold 2,089 shares of Zions Bancorporation, N.A. stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $62.48, for a total transaction of $130,520.72. Following the completion of the sale, the executive vice president owned 22,733 shares in the company, valued at approximately $1,420,357.84. This represents a 8.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 55,581 shares of company stock valued at $3,498,774 in the last three months. 1.43% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ZION shares. Evercore upped their price target on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the company an “in-line” rating in a research report on Thursday, February 5th. Barclays boosted their target price on shares of Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the company an “underweight” rating in a research note on Monday, January 5th. Truist Financial increased their target price on shares of Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised their price target on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Finally, Citigroup lifted their price target on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Zions Bancorporation, N.A. presently has an average rating of “Hold” and an average target price of $63.21.

Zions Bancorporation, N.A. Trading Up 3.7%

Shares of NASDAQ ZION opened at $57.62 on Wednesday. Zions Bancorporation, N.A. has a 12-month low of $39.32 and a 12-month high of $66.18. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 9.60 and a beta of 0.83. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The stock’s 50 day simple moving average is $58.78 and its 200 day simple moving average is $56.76.

Zions Bancorporation, N.A. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is presently 30.00%.

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.