Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 15.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,731 shares of the bank’s stock after purchasing an additional 6,330 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Zions Bancorporation, National Association were worth $2,070,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ZION. Price T Rowe Associates Inc. MD boosted its holdings in shares of Zions Bancorporation, National Association by 103.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock valued at $7,163,000 after buying an additional 4,993,164 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Zions Bancorporation, National Association by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock worth $271,003,000 after purchasing an additional 929,251 shares during the last quarter. AQR Capital Management LLC boosted its position in Zions Bancorporation, National Association by 75.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after purchasing an additional 433,513 shares during the period. Principal Financial Group Inc. grew its position in shares of Zions Bancorporation, National Association by 197.5% during the first quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock worth $24,616,000 after acquiring an additional 376,549 shares during the last quarter. Finally, Interval Partners LP lifted its position in Zions Bancorporation, National Association by 244.3% in the 2nd quarter. Interval Partners LP now owns 241,001 shares of the bank’s stock valued at $10,452,000 after purchasing an additional 171,001 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

Shares of ZION opened at $47.86 on Friday. The company’s fifty day moving average price is $47.31 and its 200 day moving average price is $44.58. Zions Bancorporation, National Association has a one year low of $28.90 and a one year high of $53.32. The company has a market capitalization of $7.07 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.18. The firm had revenue of $776.00 million during the quarter, compared to the consensus estimate of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS. As a group, analysts expect that Zions Bancorporation, National Association will post 4.53 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. Shareholders of record on Thursday, August 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio is presently 41.21%.

Insider Buying and Selling

In other news, VP Bruce K. Alexander sold 5,156 shares of the firm’s 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 transaction, the vice president now owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the transaction, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at $1,275,859.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,073 shares of company stock worth $3,476,298 in the last quarter. Insiders own 2.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Truist Financial dropped their price target on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Robert W. Baird boosted their price target on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group raised their target price on shares of Zions Bancorporation, National Association from $47.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Morgan Stanley raised shares of Zions Bancorporation, National Association from an “underweight” rating to an “equal weight” rating and set a $54.00 target price on the stock in a research report on Monday, September 30th. Finally, Wells Fargo & Company dropped their target price on Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and a consensus target price of $49.17.

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.