Nordea Investment Management AB Purchases 12,156 Shares of Zions Bancorporation, N.A. $ZION

Nordea Investment Management AB raised its position in Zions Bancorporation, N.A. (NASDAQ:ZION) by 4.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 268,866 shares of the bank’s stock after purchasing an additional 12,156 shares during the quarter. Nordea Investment Management AB’s holdings in Zions Bancorporation, N.A. were worth $15,022,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. DAVENPORT & Co LLC raised its stake in shares of Zions Bancorporation, N.A. by 2.7% in the third quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock valued at $424,000 after acquiring an additional 200 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Zions Bancorporation, N.A. by 7.6% in the second quarter. Parkside Financial Bank & Trust now owns 2,926 shares of the bank’s stock worth $152,000 after purchasing an additional 206 shares in the last quarter. Lynx Investment Advisory raised its holdings in shares of Zions Bancorporation, N.A. by 3.5% in the second quarter. Lynx Investment Advisory now owns 6,371 shares of the bank’s stock valued at $331,000 after buying an additional 213 shares during the last quarter. GAMMA Investing LLC lifted its position in Zions Bancorporation, N.A. by 2.2% during the 3rd quarter. GAMMA Investing LLC now owns 10,567 shares of the bank’s stock worth $598,000 after buying an additional 232 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Zions Bancorporation, N.A. by 3.9% during the 2nd quarter. ProShare Advisors LLC now owns 6,543 shares of the bank’s stock worth $340,000 after buying an additional 244 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insider Activity at Zions Bancorporation, N.A.

In other news, EVP Jennifer Anne Smith sold 2,458 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $53.11, for a total value of $130,544.38. Following the transaction, the executive vice president directly owned 27,133 shares of the company’s stock, valued at $1,441,033.63. This represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 16th. Weiss Ratings downgraded Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Morgan Stanley raised their target price on shares of Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. UBS Group dropped their target price on shares of Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Finally, Robert W. Baird upgraded Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a research report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.16.

Zions Bancorporation, N.A. Trading Up 1.2%

NASDAQ:ZION opened at $59.51 on Friday. The company has a market cap of $8.79 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.27 and a beta of 0.85. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $61.57. The business has a 50 day moving average price of $56.38 and a two-hundred day moving average price of $55.42. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.22.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings results on Monday, October 20th. The bank reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.29. Zions Bancorporation, N.A. had a return on equity of 13.56% and a net margin of 17.22%.The firm had revenue of $872.00 million for the quarter, compared to analyst estimates of $842.68 million. During the same quarter in the previous year, the firm earned $1.37 EPS. As a group, analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, November 13th. Zions Bancorporation, N.A.’s payout ratio is 32.26%.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.