Zurcher Kantonalbank Zurich Cantonalbank Buys 1,389 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,489 shares of the bank’s stock after purchasing an additional 1,389 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Zions Bancorporation, National Association were worth $1,469,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Versant Capital Management Inc raised its holdings in shares of Zions Bancorporation, National Association by 4,613.3% in the fourth quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock worth $93,000 after buying an additional 2,076 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Zions Bancorporation, National Association by 15.5% in the third quarter. Daiwa Securities Group Inc. now owns 3,497 shares of the bank’s stock worth $122,000 after buying an additional 469 shares during the period. EMC Capital Management purchased a new stake in shares of Zions Bancorporation, National Association in the third quarter worth approximately $126,000. Covestor Ltd raised its holdings in shares of Zions Bancorporation, National Association by 22.7% in the third quarter. Covestor Ltd now owns 4,367 shares of the bank’s stock worth $152,000 after buying an additional 809 shares during the period. Finally, Traynor Capital Management Inc. purchased a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth approximately $204,000. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, National Association Stock Down 2.1 %

Zions Bancorporation, National Association stock opened at $41.27 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.80. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 10.37 and a beta of 1.13. Zions Bancorporation, National Association has a 1-year low of $18.26 and a 1-year high of $46.15. The business has a fifty day moving average price of $40.86 and a 200-day moving average price of $39.30.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. During the same period in the previous year, the business earned $1.33 EPS. Equities research analysts forecast that Zions Bancorporation, National Association will post 4.3 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were given a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.97%. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday. Truist Financial restated a “hold” rating and set a $46.00 price objective on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft started coverage on Zions Bancorporation, National Association in a report on Wednesday, April 10th. They set a “hold” rating and a $47.00 price objective on the stock. Stephens raised their price objective on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 23rd. Finally, Evercore ISI raised their price objective on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $43.16.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 7,500 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the completion of the sale, the executive vice president now owns 44,056 shares of the company’s stock, valued at approximately $1,797,925.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 7,500 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the sale, the executive vice president now owns 44,056 shares in the company, valued at approximately $1,797,925.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Mark Richard Young sold 5,597 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $40.21, for a total value of $225,055.37. Following the sale, the vice president now owns 12,133 shares in the company, valued at approximately $487,867.93. The disclosure for this sale can be found here. Insiders sold 13,929 shares of company stock valued at $563,778 in the last quarter. 2.22% of the stock is currently owned by corporate insiders.

About Zions Bancorporation, National Association

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.