Vaughan Nelson Investment Management L.P. Has $146.40 Million Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Vaughan Nelson Investment Management L.P. increased its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,698,530 shares of the bank’s stock after acquiring an additional 14,070 shares during the period. Zions Bancorporation, National Association comprises about 1.4% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 23rd biggest position. Vaughan Nelson Investment Management L.P. owned 1.83% of Zions Bancorporation, National Association worth $146,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. ORG Wealth Partners LLC bought a new stake in Zions Bancorporation, National Association in the third quarter valued at $28,000. Venturi Wealth Management LLC increased its holdings in shares of Zions Bancorporation, National Association by 209.1% in the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock valued at $117,000 after purchasing an additional 1,671 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Zions Bancorporation, National Association during the third quarter worth $119,000. TD Private Client Wealth LLC lifted its position in Zions Bancorporation, National Association by 15.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock valued at $134,000 after purchasing an additional 375 shares during the period. Finally, Diversify Wealth Management LLC bought a new position in Zions Bancorporation, National Association in the fourth quarter valued at approximately $201,000. Institutional investors own 76.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley raised their price target on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price target on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, January 22nd. Robert W. Baird boosted their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Stephens boosted their price target on shares of Zions Bancorporation, National Association from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.71.

Zions Bancorporation, National Association Stock Down 1.7 %

NASDAQ:ZION opened at $57.26 on Friday. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.74 and a beta of 1.11. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a twelve month low of $38.01 and a twelve month high of $63.22. The stock’s 50 day moving average price is $56.64 and its two-hundred day moving average price is $52.73.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. The business had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 earnings per share. Equities research analysts expect that Zions Bancorporation, National Association will post 5.26 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 13th will be paid a $0.43 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.72 annualized dividend and a yield of 3.00%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 34.75%.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, EVP Paul E. Burdiss sold 9,506 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the transaction, the executive vice president now directly owns 86,232 shares in the company, valued at $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eric Ellingsen sold 1,238 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the sale, the vice president now owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,891 shares of company stock worth $664,456. Company insiders own 2.22% of the company’s stock.

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.