Great West Life Assurance Co. Can lifted its position in Zions Bancorporation, National Association (NASDAQ:ZION – Get Rating) by 35.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,266 shares of the bank’s stock after acquiring an additional 10,046 shares during the period. Great West Life Assurance Co. Can’s holdings in Zions Bancorporation, National Association were worth $1,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of Zions Bancorporation, National Association by 50.3% in the first quarter. American Century Companies Inc. now owns 33,685 shares of the bank’s stock valued at $2,209,000 after purchasing an additional 11,267 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Zions Bancorporation, National Association by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,168 shares of the bank’s stock worth $1,060,000 after buying an additional 341 shares during the period. HighTower Advisors LLC raised its position in Zions Bancorporation, National Association by 2.7% during the 1st quarter. HighTower Advisors LLC now owns 17,117 shares of the bank’s stock worth $1,120,000 after buying an additional 448 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Zions Bancorporation, National Association during the 1st quarter valued at approximately $267,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Zions Bancorporation, National Association by 453.6% in the 1st quarter. Acadian Asset Management LLC now owns 4,235 shares of the bank’s stock valued at $277,000 after acquiring an additional 3,470 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.
Insider Transactions at Zions Bancorporation, National Association
In related news, VP Thomas E. Laursen sold 880 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $51.79, for a total transaction of $45,575.20. Following the completion of the sale, the vice president now owns 27,007 shares of the company’s stock, valued at approximately $1,398,692.53. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Thomas E. Laursen sold 880 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $51.79, for a total transaction of $45,575.20. Following the transaction, the vice president now owns 27,007 shares in the company, valued at $1,398,692.53. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP James R. Abbott bought 2,000 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was bought at an average price of $50.45 per share, with a total value of $100,900.00. Following the completion of the acquisition, the senior vice president now owns 79,918 shares in the company, valued at $4,031,863.10. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 18,032 shares of company stock valued at $905,391. Corporate insiders own 1.81% of the company’s stock.
Zions Bancorporation, National Association Trading Up 2.2 %
ZION stock opened at $53.37 on Friday. Zions Bancorporation, National Association has a 12-month low of $45.21 and a 12-month high of $75.44. The business’s 50-day moving average is $49.73 and its 200 day moving average is $52.23. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.15. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.33 and a beta of 1.15.
Zions Bancorporation, National Association (NASDAQ:ZION – Get Rating) last issued its quarterly earnings results on Monday, January 23rd. The bank reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.18. Zions Bancorporation, National Association had a return on equity of 18.36% and a net margin of 27.18%. The firm had revenue of $988.00 million for the quarter, compared to analyst estimates of $873.05 million. During the same period in the previous year, the company posted $1.34 earnings per share. On average, sell-side analysts anticipate that Zions Bancorporation, National Association will post 6.47 EPS for the current fiscal year.
Zions Bancorporation, National Association declared that its board has authorized a stock repurchase plan on Friday, October 28th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the bank to purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Zions Bancorporation, National Association Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Thursday, February 16th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.07%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 28.28%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on ZION. Truist Financial reduced their target price on shares of Zions Bancorporation, National Association from $60.00 to $57.00 in a report on Friday, December 9th. DA Davidson upgraded Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Tuesday, December 20th. They noted that the move was a valuation call. Wolfe Research cut Zions Bancorporation, National Association from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 2nd. Morgan Stanley decreased their price target on Zions Bancorporation, National Association from $65.00 to $59.00 and set an “equal weight” rating for the company in a report on Tuesday, January 24th. Finally, Piper Sandler dropped their price objective on shares of Zions Bancorporation, National Association from $66.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 25th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of “Hold” and an average target price of $59.92.
Zions Bancorporation, National Association Profile
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Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.
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