Cetera Investment Advisers Sells 3,640 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Cetera Investment Advisers lowered its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,171 shares of the bank’s stock after selling 3,640 shares during the quarter. Cetera Investment Advisers’ holdings in Zions Bancorporation, National Association were worth $1,699,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ZION. Fidelis Capital Partners LLC acquired a new position in Zions Bancorporation, National Association during the first quarter worth $27,000. ORG Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the 2nd quarter valued at about $33,000. International Assets Investment Management LLC acquired a new stake in shares of Zions Bancorporation, National Association in the second quarter valued at about $34,000. Rothschild Investment LLC bought a new stake in Zions Bancorporation, National Association during the second quarter worth about $39,000. Finally, Quarry LP bought a new stake in Zions Bancorporation, National Association during the fourth quarter worth about $49,000. 76.84% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Bruce K. Alexander sold 5,156 shares of the business’s 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 completion of the transaction, the vice president now owns 17,857 shares of the company’s stock, valued at $925,528.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the firm’s 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 sale, the president now owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction 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 transaction, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 67,073 shares of company stock worth $3,476,298. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association Trading Up 0.2 %

Shares of Zions Bancorporation, National Association stock opened at $50.08 on Tuesday. Zions Bancorporation, National Association has a 52-week low of $28.90 and a 52-week high of $53.32. The stock has a market cap of $7.39 billion, a PE ratio of 12.58, a PEG ratio of 1.80 and a beta of 1.09. The firm has a 50-day moving average of $47.10 and a 200-day moving average of $44.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, July 22nd. The bank reported $1.28 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 firm earned $1.11 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. As a group, sell-side analysts forecast that Zions Bancorporation, National Association will post 4.53 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were issued a $0.41 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.64 annualized dividend and a yield of 3.27%. Zions Bancorporation, National Association’s dividend payout ratio is presently 41.21%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Argus lowered Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Truist Financial lowered their target price on shares of 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. Evercore ISI cut their price target on shares of Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Compass Point raised their target price on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.28.

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.