Keybank National Association OH Has $875,000 Stock Position in Zions Bancorporation, N.A. $ZION

Keybank National Association OH lessened its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 18.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,852 shares of the bank’s stock after selling 3,919 shares during the period. Keybank National Association OH’s holdings in Zions Bancorporation, N.A. were worth $875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ZION. Nordea Investment Management AB increased its position in shares of Zions Bancorporation, N.A. by 15.0% in the second quarter. Nordea Investment Management AB now owns 256,710 shares of the bank’s stock worth $13,349,000 after purchasing an additional 33,449 shares during the period. Principal Financial Group Inc. boosted its position in shares of Zions Bancorporation, N.A. by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 340,066 shares of the bank’s stock worth $16,956,000 after acquiring an additional 1,561 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Zions Bancorporation, N.A. by 6.2% during the 1st quarter. Teacher Retirement System of Texas now owns 48,147 shares of the bank’s stock worth $2,401,000 after acquiring an additional 2,821 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth approximately $312,000. Finally, Cerity Partners LLC boosted its position in shares of Zions Bancorporation, N.A. by 46.8% during the 1st quarter. Cerity Partners LLC now owns 44,301 shares of the bank’s stock worth $2,209,000 after acquiring an additional 14,121 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ZION shares. Piper Sandler reduced their price target on shares of Zions Bancorporation, N.A. from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday, October 16th. Wall Street Zen upgraded shares of Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Royal Bank Of Canada increased their price target on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 22nd. Baird R W upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Finally, Cantor Fitzgerald initiated coverage on shares of Zions Bancorporation, N.A. in a research report on Wednesday, September 10th. They set an “overweight” rating and a $64.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Zions Bancorporation, N.A. currently has an average rating of “Hold” and an average price target of $61.62.

Insider Activity

In other news, EVP Jennifer Anne Smith sold 2,458 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $53.11, for a total transaction of $130,544.38. Following the completion of the transaction, the executive vice president owned 27,133 shares of the company’s stock, valued at approximately $1,441,033.63. This trade represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, N.A. Trading Down 0.7%

Shares of NASDAQ ZION opened at $51.77 on Tuesday. The firm has a 50 day moving average price of $55.52 and a two-hundred day moving average price of $52.31. The stock has a market cap of $7.64 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93. 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.

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

Zions Bancorporation, N.A. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.80 annualized dividend and a dividend yield of 3.5%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is presently 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.