2,336 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC acquired a new stake in Zions Bancorporation, National Association (NASDAQ:ZION) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,336 shares of the bank’s stock, valued at approximately $101,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in shares of Zions Bancorporation, National Association by 5.5% during the 4th quarter. Principal Financial Group Inc. now owns 190,649 shares of the bank’s stock worth $8,364,000 after purchasing an additional 9,957 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in Zions Bancorporation, National Association during the fourth quarter worth $369,000. Norges Bank acquired a new position in shares of Zions Bancorporation, National Association in the fourth quarter worth $67,694,000. D.A. Davidson & CO. lifted its position in shares of Zions Bancorporation, National Association by 35.2% in the fourth quarter. D.A. Davidson & CO. now owns 35,430 shares of the bank’s stock valued at $1,554,000 after acquiring an additional 9,220 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of Zions Bancorporation, National Association by 22.3% during the fourth quarter. Corient Private Wealth LLC now owns 113,846 shares of the bank’s stock valued at $4,994,000 after acquiring an additional 20,721 shares during the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the sale, the vice president now owns 17,857 shares of the company’s stock, valued at $925,528.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $51.78, for a total transaction of $99,262.26. Following the sale, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the transaction, the vice president now directly owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,073 shares of company stock valued at $3,476,298. Corporate insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

ZION has been the subject of several analyst reports. Wolfe Research raised shares of Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday. Royal Bank of Canada boosted their price objective on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 23rd. Morgan Stanley raised their target price on shares of Zions Bancorporation, National Association from $42.00 to $54.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. Compass Point boosted their price target on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, Truist Financial decreased their price objective on Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and an average price target of $48.72.

Zions Bancorporation, National Association Price Performance

ZION opened at $47.99 on Friday. Zions Bancorporation, National Association has a 52-week low of $28.90 and a 52-week high of $53.32. The company has a 50 day moving average of $48.00 and a two-hundred day moving average of $44.26. The company has a market cap of $7.09 billion, a P/E ratio of 12.06, a P/E/G ratio of 2.83 and a beta of 1.09. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The firm had revenue of $776.00 million during the quarter, compared to analysts’ expectations of $761.61 million. During the same period in the prior year, the company earned $1.11 EPS. The firm’s revenue was down .5% on a year-over-year basis. On average, analysts expect that Zions Bancorporation, National Association will post 4.52 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.42%. Zions Bancorporation, National Association’s payout ratio is currently 41.21%.

Zions Bancorporation, National Association Company 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.