Quantamental Technologies LLC cut its stake in shares of Zions Bancorporation NA (NASDAQ:ZION) by 75.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,194 shares of the bank’s stock after selling 6,782 shares during the period. Quantamental Technologies LLC’s holdings in Zions Bancorporation NA were worth $101,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new stake in Zions Bancorporation NA during the second quarter valued at about $35,000. Amica Retiree Medical Trust acquired a new position in shares of Zions Bancorporation NA during the second quarter worth $39,000. Valeo Financial Advisors LLC boosted its stake in shares of Zions Bancorporation NA by 48.9% in the second quarter. Valeo Financial Advisors LLC now owns 898 shares of the bank’s stock valued at $41,000 after purchasing an additional 295 shares during the period. Towerpoint Wealth LLC purchased a new position in shares of Zions Bancorporation NA in the second quarter valued at $50,000. Finally, Mizuho Securities Co. Ltd. boosted its stake in shares of Zions Bancorporation NA by 200.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 1,500 shares of the bank’s stock valued at $68,000 after purchasing an additional 1,000 shares during the period. 97.01% of the stock is owned by institutional investors.
ZION has been the topic of several analyst reports. BidaskClub downgraded shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. SunTrust Banks decreased their price objective on shares of Zions Bancorporation NA to $52.00 and set a “reduce” rating for the company in a research report on Tuesday, July 23rd. They noted that the move was a valuation call. Barclays lowered their target price on Zions Bancorporation NA from $60.00 to $56.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Piper Jaffray Companies dropped their target price on Zions Bancorporation NA from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Keefe, Bruyette & Woods lowered Zions Bancorporation NA from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $53.00 to $47.00 in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $52.13.
In related news, insider A Scott Anderson sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $44.92, for a total value of $449,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Thomas E. Laursen sold 957 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $40.75, for a total transaction of $38,997.75. The disclosure for this sale can be found here. In the last three months, insiders sold 20,886 shares of company stock valued at $936,691. Company insiders own 1.70% of the company’s stock.
Shares of NASDAQ ZION traded up $0.17 during trading on Wednesday, reaching $43.83. The stock had a trading volume of 128,636 shares, compared to its average volume of 2,267,126. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $7.50 billion, a PE ratio of 10.76, a P/E/G ratio of 1.25 and a beta of 1.53. Zions Bancorporation NA has a one year low of $38.08 and a one year high of $53.52. The firm’s 50 day moving average price is $41.65 and its two-hundred day moving average price is $45.47.
Zions Bancorporation NA (NASDAQ:ZION) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.10). Zions Bancorporation NA had a return on equity of 12.26% and a net margin of 26.99%. The business had revenue of $701.00 million during the quarter, compared to analyst estimates of $723.21 million. During the same period in the prior year, the firm earned $0.89 EPS. On average, research analysts expect that Zions Bancorporation NA will post 4.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.34 dividend. This is a boost from Zions Bancorporation NA’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 3.10%. The ex-dividend date was Wednesday, August 14th. Zions Bancorporation NA’s dividend payout ratio (DPR) is currently 33.33%.
Zions Bancorporation NA Profile
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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