Arbejdsmarkedets Tillaegspension Purchases Shares of 414,598 Zions Bancorporation, N.A. $ZION

Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 414,598 shares of the bank’s stock, valued at approximately $24,271,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Signaturefd LLC raised its holdings in Zions Bancorporation, N.A. by 17.1% during the fourth quarter. Signaturefd LLC now owns 1,192 shares of the bank’s stock valued at $70,000 after acquiring an additional 174 shares during the period. Stratos Wealth Partners LTD. raised its holdings in Zions Bancorporation, N.A. by 3.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 7,886 shares of the bank’s stock valued at $462,000 after acquiring an additional 240 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Zions Bancorporation, N.A. by 1.2% in the third quarter. Crossmark Global Holdings Inc. now owns 21,548 shares of the bank’s stock worth $1,219,000 after purchasing an additional 247 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Zions Bancorporation, N.A. by 1.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,940 shares of the bank’s stock worth $902,000 after purchasing an additional 276 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Zions Bancorporation, N.A. by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 48,719 shares of the bank’s stock worth $2,757,000 after purchasing an additional 280 shares during the last quarter. 76.84% of the stock is owned by institutional investors.

Insider Activity at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, CEO Harris H. Simmons bought 4,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $59.03 per share, for a total transaction of $265,635.00. Following the completion of the transaction, the chief executive officer directly owned 1,317,493 shares of the company’s stock, valued at approximately $77,771,611.79. This represents a 0.34% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Anne Smith sold 4,209 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $62.50, for a total value of $263,062.50. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,038 shares of company stock valued at $439,948 in the last 90 days. Company insiders own 1.43% of the company’s stock.

Analyst Upgrades and Downgrades

ZION has been the topic of several research reports. JPMorgan Chase & Co. lifted their target price on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. TD Cowen lifted their target price on Zions Bancorporation, N.A. from $64.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. Evercore lifted their target price on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. Stephens lifted their target price on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings raised Zions Bancorporation, N.A. from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Zions Bancorporation, N.A. currently has a consensus rating of “Hold” and an average price target of $65.53.

Zions Bancorporation, N.A. Trading Up 0.8%

Shares of NASDAQ ZION opened at $60.09 on Friday. The business’s 50 day moving average is $59.02 and its two-hundred day moving average is $58.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.83 and a quick ratio of 0.83. Zions Bancorporation, N.A. has a 1-year low of $45.52 and a 1-year high of $66.18. The stock has a market capitalization of $8.84 billion, a P/E ratio of 9.35, a PEG ratio of 1.97 and a beta of 0.83.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings data on Monday, April 20th. The bank reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.13. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.The company had revenue of $859.00 million for the quarter, compared to analysts’ expectations of $853.73 million. During the same period in the previous year, the firm posted $1.13 earnings per share. As a group, research analysts expect that Zions Bancorporation, N.A. will post 6.44 EPS for the current year.

Zions Bancorporation, N.A. declared that its Board of Directors has initiated a stock buyback plan on Saturday, May 2nd that allows the company to buyback $225.00 million in shares. This buyback authorization allows the bank to reacquire up to 2.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, May 14th. Zions Bancorporation, N.A.’s payout ratio is 27.99%.

Zions Bancorporation, N.A. 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.