Hussman Strategic Advisors Inc. Has $2.18 Million Stock Position in Zions Bancorporation, N.A. $ZION

Hussman Strategic Advisors Inc. raised its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 33.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,000 shares of the bank’s stock after acquiring an additional 10,500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Zions Bancorporation, N.A. were worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ZION. Picton Mahoney Asset Management bought a new position in Zions Bancorporation, N.A. in the 1st quarter valued at $25,000. Assetmark Inc. lifted its stake in shares of Zions Bancorporation, N.A. by 75.3% during the second quarter. Assetmark Inc. now owns 673 shares of the bank’s stock valued at $35,000 after acquiring an additional 289 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Zions Bancorporation, N.A. during the first quarter valued at $40,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Zions Bancorporation, N.A. in the first quarter valued at about $52,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Zions Bancorporation, N.A. in the second quarter worth about $65,000. 76.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 22nd. Truist Financial boosted their price target on shares of Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. Robert W. Baird upgraded Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a report on Friday, October 17th. Finally, Cantor Fitzgerald assumed coverage on Zions Bancorporation, N.A. in a research note on Wednesday, September 10th. They issued an “overweight” rating and a $64.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.62.

Insider Buying and Selling at Zions Bancorporation, N.A.

In other news, EVP Jennifer Anne Smith sold 2,458 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $53.11, for a total transaction of $130,544.38. Following the sale, the executive vice president directly owned 27,133 shares of the company’s stock, valued at approximately $1,441,033.63. This represents a 8.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, N.A. Price Performance

NASDAQ:ZION opened at $51.77 on Tuesday. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80. The firm’s 50-day simple moving average is $55.52 and its 200 day simple moving average is $52.31. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 0.85 and a beta of 0.93.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its earnings results on Monday, June 12th. The bank reported $1.32 earnings per share (EPS) for the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.84%. The firm had revenue of $705.00 million for the quarter. As a group, sell-side analysts predict that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.80 annualized dividend and a yield of 3.5%. Zions Bancorporation, N.A.’s payout ratio is currently 32.26%.

Zions Bancorporation, N.A. 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.