Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by NBC Securities Inc.

NBC Securities Inc. decreased its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 18.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,590 shares of the bank’s stock after selling 358 shares during the quarter. NBC Securities Inc.’s holdings in Zions Bancorporation, National Association were worth $75,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Comerica Bank boosted its stake in Zions Bancorporation, National Association by 331.1% during the 1st quarter. Comerica Bank now owns 118,861 shares of the bank’s stock valued at $5,159,000 after purchasing an additional 91,289 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Zions Bancorporation, National Association during the first quarter valued at approximately $1,959,000. Retirement Systems of Alabama boosted its position in shares of Zions Bancorporation, National Association by 469.8% during the first quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank’s stock worth $8,074,000 after buying an additional 153,387 shares during the period. Mutual of America Capital Management LLC grew its holdings in Zions Bancorporation, National Association by 345.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 88,271 shares of the bank’s stock worth $3,831,000 after buying an additional 68,445 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in Zions Bancorporation, National Association by 71.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 118,248 shares of the bank’s stock valued at $5,136,000 after acquiring an additional 49,213 shares during the period. Institutional investors own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

ZION has been the subject of a number of analyst reports. Evercore ISI reduced their price target on Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Stephens increased their target price on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. 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 research note on Friday, September 20th. StockNews.com raised shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Robert W. Baird raised their price objective on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $49.28.

Insider Activity

In related 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 completion of the transaction, the president now directly owns 74,286 shares of the company’s stock, valued at $3,850,243.38. This trade represents a 0.00 % decrease in their ownership of the stock. 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 the 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 of the company’s stock, valued at approximately $1,275,859.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the president now owns 74,286 shares of the company’s stock, valued at $3,850,243.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,073 shares of company stock worth $3,476,298. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION opened at $51.25 on Monday. Zions Bancorporation, National Association has a 12 month low of $28.90 and a 12 month high of $53.32. The company has a market cap of $7.57 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.91 and a beta of 1.09. The business’s 50 day moving average is $47.51 and its two-hundred day moving average is $45.18. 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 earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating 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 business had revenue of $776.00 million during the quarter, compared to analysts’ expectations of $761.61 million. During the same quarter last year, the company earned $1.11 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, equities analysts expect that Zions Bancorporation, National Association will post 4.53 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is presently 39.52%.

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.