Harvest Fund Management Co. Ltd Has $457,000 Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Harvest Fund Management Co. Ltd grew its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,441 shares of the bank’s stock after acquiring an additional 583 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Zions Bancorporation, National Association were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Federated Hermes Inc. increased its stake in 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 acquiring an additional 331 shares during the period. Ronald Blue Trust Inc. grew its stake in Zions Bancorporation, National Association by 274.6% during the third quarter. Ronald Blue Trust Inc. now owns 2,098 shares of the bank’s stock worth $73,000 after buying an additional 1,538 shares in the last quarter. Versant Capital Management Inc increased its holdings in Zions Bancorporation, National Association by 4,613.3% in the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock valued at $93,000 after buying an additional 2,076 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Zions Bancorporation, National Association by 15.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,497 shares of the bank’s stock valued at $122,000 after buying an additional 469 shares in the last quarter. Finally, EMC Capital Management bought a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter worth approximately $126,000. 76.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ZION. Royal Bank of Canada upped their price target 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. Stephens upped their price target on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 23rd. Robert W. Baird cut their price target on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Jefferies Financial Group cut their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a report on Monday, April 8th. Finally, Barclays upped their price objective on shares of Zions Bancorporation, National Association from $35.00 to $47.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and an average target price of $43.15.

Zions Bancorporation, National Association Trading Up 1.0 %

NASDAQ ZION traded up $0.42 on Wednesday, hitting $42.17. The company’s stock had a trading volume of 1,922,417 shares, compared to its average volume of 3,026,617. Zions Bancorporation, National Association has a 1-year low of $18.26 and a 1-year high of $46.15. The company has a quick ratio of 0.80, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average is $40.83 and its 200 day moving average is $39.26. The firm has a market cap of $6.22 billion, a PE ratio of 10.49 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.04). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $747.21 million. During the same quarter last year, the company earned $1.33 earnings per share. As a group, analysts predict that Zions Bancorporation, National Association will post 4.28 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction on Friday, February 16th. The shares were 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 $1,797,925.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 832 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total value of $32,647.68. The transaction was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the completion of the transaction, the executive vice president now directly owns 44,056 shares in the company, valued at $1,797,925.36. The disclosure for this sale can be found here. Insiders sold a total of 18,022 shares of company stock worth $744,893 over the last three months. 2.22% of the stock is owned by company insiders.

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.