Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 26.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 592,124 shares of the bank’s stock after buying an additional 125,641 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.40% of Zions Bancorporation, National Association worth $25,976,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ZION. Federated Hermes Inc. raised its holdings in shares of Zions Bancorporation, National Association by 105.4% in the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after acquiring an additional 331 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Zions Bancorporation, National Association by 4,613.3% during the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock worth $93,000 after purchasing an additional 2,076 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Zions Bancorporation, National Association by 15.5% during the third quarter. Daiwa Securities Group Inc. now owns 3,497 shares of the bank’s stock worth $122,000 after buying an additional 469 shares in the last quarter. EMC Capital Management purchased a new stake in shares of Zions Bancorporation, National Association during the third quarter worth about $126,000. Finally, Covestor Ltd raised its position in shares of Zions Bancorporation, National Association by 22.7% in the third quarter. Covestor Ltd now owns 4,367 shares of the bank’s stock valued at $152,000 after buying an additional 809 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Up 2.1 %

ZION stock traded up $0.90 during trading on Friday, reaching $43.62. The stock had a trading volume of 2,094,638 shares, compared to its average volume of 1,936,221. Zions Bancorporation, National Association has a 1-year low of $18.26 and a 1-year high of $46.15. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $6.44 billion, a P/E ratio of 10.96 and a beta of 1.13. The firm has a fifty day moving average price of $41.10 and a 200 day moving average price of $39.59.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). 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 during the quarter, compared to analyst estimates of $747.21 million. During the same quarter in the prior year, the firm earned $1.33 EPS. On average, equities analysts anticipate that Zions Bancorporation, National Association will post 4.38 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be paid a $0.41 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.76%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Insider Activity

In related news, CEO Harris H. Simmons bought 3,600 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average price of $38.99 per share, for a total transaction of $140,364.00. Following the purchase, the chief executive officer now owns 1,261,866 shares in the company, valued at approximately $49,200,155.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Steven Dan Stephens sold 7,500 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 44,056 shares of the company’s stock, valued at approximately $1,797,925.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Harris H. Simmons acquired 3,600 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average cost of $38.99 per share, with a total value of $140,364.00. Following the transaction, the chief executive officer now owns 1,261,866 shares in the company, valued at $49,200,155.34. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 15,429 shares of company stock worth $629,298. 2.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ZION has been the subject of several analyst reports. UBS Group dropped their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, April 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 on the stock in a research note on Tuesday, January 23rd. Morgan Stanley boosted their price objective on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a research note on Wednesday, February 7th. Royal Bank of Canada upped their price objective on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $43.16.

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.