Impact Partnership Wealth LLC Makes New Investment in Zions Bancorporation, N.A. $ZION

Impact Partnership Wealth LLC acquired a new position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,116 shares of the bank’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its stake in Zions Bancorporation, N.A. by 75.3% during the second quarter. Assetmark Inc. now owns 673 shares of the bank’s stock worth $35,000 after buying an additional 289 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Zions Bancorporation, N.A. by 41,560.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,083 shares of the bank’s stock valued at $108,000 after purchasing an additional 2,078 shares during the last quarter. New York Life Investment Management LLC acquired a new position in shares of Zions Bancorporation, N.A. in the 2nd quarter valued at $787,000. Teacher Retirement System of Texas lifted its stake in shares of Zions Bancorporation, N.A. by 9.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 52,879 shares of the bank’s stock valued at $2,747,000 after purchasing an additional 4,732 shares during the last quarter. Finally, Convergence Investment Partners LLC lifted its stake in shares of Zions Bancorporation, N.A. by 11.3% in the 2nd quarter. Convergence Investment Partners LLC now owns 21,181 shares of the bank’s stock valued at $1,100,000 after purchasing an additional 2,150 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Price Performance

ZION opened at $52.11 on Friday. The stock’s 50-day moving average price is $55.61 and its 200 day moving average price is $52.14. Zions Bancorporation, N.A. has a 12-month low of $39.32 and a 12-month high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 0.85 and a beta of 0.93.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted 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 return on equity of 13.84% and a net margin of 17.22%.The firm had revenue of $705.00 million for the quarter. As a group, sell-side analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Insider Transactions at Zions Bancorporation, N.A.

In related news, EVP Jennifer Anne Smith sold 2,458 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $53.11, for a total transaction of $130,544.38. Following the transaction, the executive vice president 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on ZION shares. Wells Fargo & Company upped their price target on Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 22nd. TD Cowen started coverage on Zions Bancorporation, N.A. in a research note on Thursday, September 25th. They issued a “hold” rating and a $64.00 price target on the stock. Weiss Ratings lowered Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Baird R W raised Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Finally, Piper Sandler decreased their price target on Zions Bancorporation, N.A. from $62.00 to $59.00 and set a “neutral” rating on the stock in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $61.62.

Zions Bancorporation, N.A. 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.