Quantbot Technologies LP Acquires 99,668 Shares of Zions Bancorporation, N.A. $ZION

Quantbot Technologies LP grew its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 162.6% during the second quarter, Holdings Channel reports. The firm owned 160,981 shares of the bank’s stock after purchasing an additional 99,668 shares during the period. Quantbot Technologies LP’s holdings in Zions Bancorporation, N.A. were worth $8,361,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Nordea Investment Management AB boosted its stake in shares of Zions Bancorporation, N.A. by 15.0% during the 2nd quarter. Nordea Investment Management AB now owns 256,710 shares of the bank’s stock worth $13,349,000 after acquiring an additional 33,449 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Zions Bancorporation, N.A. in the 2nd quarter worth approximately $814,000. Ground Swell Capital LLC bought a new stake in Zions Bancorporation, N.A. during the first quarter worth approximately $312,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Zions Bancorporation, N.A. during the second quarter valued at approximately $452,000. Finally, LSV Asset Management raised its position in shares of Zions Bancorporation, N.A. by 4.5% in the second quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock valued at $205,689,000 after purchasing an additional 169,085 shares during the period. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, N.A. Stock Down 0.0%

ZION stock opened at $54.06 on Wednesday. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $60.28. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. The company has a market cap of $7.98 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 0.85 and a beta of 0.96. The business’s 50-day simple moving average is $53.14 and its 200 day simple moving average is $53.16.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings data on Monday, June 12th. The bank reported $1.32 EPS for the quarter. The company had revenue of $705.00 million during the quarter. Zions Bancorporation, N.A. had a return on equity of 13.84% and a net margin of 17.22%. On average, research analysts anticipate that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a yield of 3.3%. Zions Bancorporation, N.A.’s payout ratio is currently 32.26%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ZION. JPMorgan Chase & Co. upped their price objective on shares of Zions Bancorporation, N.A. from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Robert W. Baird upgraded shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Friday, October 17th. Bank of America raised Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $59.00 to $62.00 in a research report on Thursday, October 23rd. Cantor Fitzgerald started coverage on Zions Bancorporation, N.A. in a research note on Wednesday, September 10th. They set an “overweight” rating and a $64.00 target price for the company. Finally, Weiss Ratings downgraded Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, N.A. has an average rating of “Hold” and an average price target of $61.29.

Insider Transactions at Zions Bancorporation, N.A.

In other news, EVP Jennifer Anne Smith sold 2,458 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $53.11, for a total transaction of $130,544.38. Following the completion of the transaction, the executive vice president directly owned 27,133 shares of the company’s stock, valued at approximately $1,441,033.63. This trade represents a 8.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.22% of the stock is owned by company insiders.

About Zions Bancorporation, N.A.

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.