Zions Bancorporation, National Association (NASDAQ:ZION) Shares Acquired by Creative Planning

Creative Planning increased its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,062 shares of the bank’s stock after purchasing an additional 386 shares during the period. Creative Planning’s holdings in Zions Bancorporation, National Association were worth $870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Zions Bancorporation, National Association by 103.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock worth $7,163,000 after buying an additional 4,993,164 shares during the period. Dimensional Fund Advisors LP raised its stake in Zions Bancorporation, National Association by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after acquiring an additional 929,251 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Zions Bancorporation, National Association by 75.0% in 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 last quarter. Principal Financial Group Inc. increased its holdings in shares of Zions Bancorporation, National Association by 197.5% in the first quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock valued at $24,616,000 after purchasing an additional 376,549 shares during the period. Finally, Interval Partners LP raised its stake in shares of Zions Bancorporation, National Association by 244.3% during the second quarter. Interval Partners LP now owns 241,001 shares of the bank’s stock worth $10,452,000 after purchasing an additional 171,001 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ZION shares. Keefe, Bruyette & Woods boosted their price objective on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company a “market perform” rating in a research note on Tuesday, July 23rd. Robert W. Baird increased 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 report on Tuesday, July 23rd. Truist Financial lowered 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, September 20th. StockNews.com raised Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company decreased their price target on Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $49.28.

Zions Bancorporation, National Association Stock Up 3.5 %

ZION opened at $49.97 on Friday. The firm has a market cap of $7.38 billion, a P/E ratio of 12.04, a PEG ratio of 1.80 and a beta of 1.09. The business’s fifty day simple moving average is $47.02 and its 200 day simple moving average is $44.89. Zions Bancorporation, National Association has a 52 week low of $28.90 and a 52 week high of $53.32. 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 released its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $761.61 million. During the same period last year, the company earned $1.11 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts anticipate that Zions Bancorporation, National Association will post 4.53 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a yield of 3.28%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 39.52%.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now directly owns 24,640 shares in the company, valued at $1,275,859.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, President Scott J. Mclean sold 60,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total value of $3,109,800.00. Following the completion of the transaction, the president now owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the sale, the executive vice president now owns 24,640 shares in the company, valued at approximately $1,275,859.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,073 shares of company stock worth $3,476,298. 2.22% of the stock is currently owned by corporate insiders.

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.