Fiduciary Management Inc. WI Has $98.61 Million Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Fiduciary Management Inc. WI grew its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,247,805 shares of the bank’s stock after buying an additional 86,165 shares during the quarter. Fiduciary Management Inc. WI owned 1.52% of Zions Bancorporation, National Association worth $98,611,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Federated Hermes Inc. increased its position in shares of Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after purchasing an additional 331 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Zions Bancorporation, National Association during the 4th quarter worth about $29,000. Versant Capital Management Inc increased its position in shares of Zions Bancorporation, National Association by 4,613.3% during the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock worth $93,000 after purchasing an additional 2,076 shares in the last quarter. EMC Capital Management bought a new stake in Zions Bancorporation, National Association during the 3rd quarter worth about $126,000. Finally, Principal Securities Inc. bought a new stake in Zions Bancorporation, National Association during the 4th quarter worth about $126,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

Zions Bancorporation, National Association stock traded down $0.26 during midday trading on Monday, reaching $41.28. 1,296,194 shares of the company’s stock were exchanged, compared to its average volume of 2,548,683. Zions Bancorporation, National Association has a 52 week low of $26.35 and a 52 week high of $46.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 4.77 and a beta of 1.11. The stock’s 50-day simple moving average is $42.37 and its 200 day simple moving average is $41.47.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $747.21 million. During the same quarter in the previous year, the business posted $1.33 EPS. On average, analysts expect that Zions Bancorporation, National Association will post 4.37 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.64 annualized dividend and a yield of 3.97%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 22,181 shares in the company, valued at $968,866.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now directly owns 22,238 shares in the company, valued at $970,911.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 22,181 shares of the company’s stock, valued at $968,866.08. The disclosure for this sale can be found here. Insiders sold 7,296 shares of company stock worth $319,192 over the last three months. Insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ZION shares. JPMorgan Chase & Co. increased their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Zions Bancorporation, National Association in a report on Wednesday, April 10th. They set a “hold” rating and a $47.00 price objective on the stock. Royal Bank of Canada increased 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 report on Tuesday, April 23rd. StockNews.com lowered shares of Zions Bancorporation, National Association from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Evercore ISI raised their target price on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.33.

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.