Calamos Advisors LLC Sells 3,072 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Calamos Advisors LLC reduced its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 1.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 256,984 shares of the bank’s stock after selling 3,072 shares during the quarter. Calamos Advisors LLC’s holdings in Zions Bancorporation, National Association were worth $11,274,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Kentucky Retirement Systems Insurance Trust Fund grew its stake in Zions Bancorporation, National Association by 4.3% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,392 shares of the bank’s stock worth $274,000 after acquiring an additional 221 shares in the last quarter. Creative Planning grew its stake in Zions Bancorporation, National Association by 2.5% in the 2nd quarter. Creative Planning now owns 11,260 shares of the bank’s stock worth $573,000 after acquiring an additional 275 shares in the last quarter. Empirical Finance LLC grew its stake in Zions Bancorporation, National Association by 7.6% in the 4th quarter. Empirical Finance LLC now owns 4,240 shares of the bank’s stock worth $208,000 after acquiring an additional 301 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Zions Bancorporation, National Association by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank’s stock worth $2,229,000 after acquiring an additional 330 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after acquiring an additional 331 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Price Performance

Shares of ZION opened at $39.92 on Friday. The company has a 50 day moving average of $40.78 and a two-hundred day moving average of $39.07. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 9.18 and a beta of 1.13. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $46.15. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94.

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

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were issued a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.11%. Zions Bancorporation, National Association’s dividend payout ratio is currently 37.70%.

Insiders Place Their Bets

In related news, CEO Harris H. Simmons purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the acquisition, the chief executive officer now owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Harris H. Simmons purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the acquisition, the chief executive officer now owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Steven Dan Stephens sold 7,500 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the transaction, the executive vice president now directly owns 44,056 shares of the company’s stock, valued at approximately $1,797,925.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,022 shares of company stock valued at $744,893. Insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ZION. Royal Bank of Canada upped their target price on shares of Zions Bancorporation, National Association from $45.00 to $46.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 9th. Robert W. Baird dropped their price objective on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23rd. Barclays increased their price objective on shares of Zions Bancorporation, National Association from $35.00 to $47.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Compass Point reiterated a “neutral” rating on shares of Zions Bancorporation, National Association in a research note on Monday, January 8th. Finally, Truist Financial reiterated a “hold” rating and set a $46.00 price objective on shares of Zions Bancorporation, National Association in a research note on Monday, April 1st. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $43.00.

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.