Harel Insurance Investments & Financial Services Ltd. Invests $1.27 Million in Zions Bancorporation, National Association (NASDAQ:ZION)

Harel Insurance Investments & Financial Services Ltd. bought a new position in Zions Bancorporation, National Association (NASDAQ:ZION) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,400 shares of the bank’s stock, valued at approximately $1,268,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. boosted its position in shares of Zions Bancorporation, National Association by 0.3% in the second quarter. BlackRock Inc. now owns 10,446,271 shares of the bank’s stock worth $280,587,000 after buying an additional 32,883 shares during the period. State Street Corp boosted its position in shares of Zions Bancorporation, National Association by 14.9% in the first quarter. State Street Corp now owns 8,262,892 shares of the bank’s stock worth $247,308,000 after buying an additional 1,069,816 shares during the period. Morgan Stanley boosted its position in shares of Zions Bancorporation, National Association by 19.8% in the third quarter. Morgan Stanley now owns 4,513,266 shares of the bank’s stock worth $157,468,000 after buying an additional 745,919 shares during the period. Invesco Ltd. boosted its position in shares of Zions Bancorporation, National Association by 1.4% in the third quarter. Invesco Ltd. now owns 3,973,319 shares of the bank’s stock worth $138,629,000 after buying an additional 53,859 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Zions Bancorporation, National Association by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,718,250 shares of the bank’s stock valued at $129,730,000 after purchasing an additional 98,719 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Down 1.4 %

Zions Bancorporation, National Association stock opened at $40.67 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The business’s 50-day simple moving average is $40.75 and its 200-day simple moving average is $38.94. The firm has a market capitalization of $6.00 billion, a PE ratio of 9.35 and a beta of 1.13. Zions Bancorporation, National Association has a 52 week low of $18.26 and a 52 week high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $754.81 million. During the same quarter in the previous year, the firm posted $1.84 earnings per share. Equities research analysts forecast that Zions Bancorporation, National Association will post 4.27 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 37.70%.

Analysts Set New Price Targets

A number of analysts recently issued reports on ZION shares. Truist Financial reissued a “hold” rating and set a $46.00 price objective on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Royal Bank of Canada lifted their price objective on Zions Bancorporation, National Association from $45.00 to $46.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price objective on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Robert W. Baird reduced their price objective on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. Finally, Stephens lifted their price objective on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 23rd. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $43.00.

Insider Buying and Selling

In other news, CEO Harris H. Simmons bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,312,987 shares in the company, valued at $50,602,518.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Harris H. Simmons bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,312,987 shares in the company, valued at $50,602,518.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP A Scott Anderson sold 4,093 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $44.25, for a total value of $181,115.25. Following the sale, the vice president now directly owns 14,665 shares in the company, valued at $648,926.25. The disclosure for this sale can be found here. Insiders have sold a total of 18,022 shares of company stock valued at $744,893 over the last three months. 2.22% of the stock is owned by corporate insiders.

Zions Bancorporation, National Association Company 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.