Los Angeles Capital Management LLC Sells 5,350 Shares of Zions Bancorporation, N.A. $ZION

Los Angeles Capital Management LLC reduced its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,470 shares of the bank’s stock after selling 5,350 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Zions Bancorporation, N.A. were worth $15,554,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Zions Bancorporation, N.A. by 0.5% in the first quarter. Principal Financial Group Inc. now owns 340,066 shares of the bank’s stock worth $16,956,000 after purchasing an additional 1,561 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Zions Bancorporation, N.A. by 31.8% in the first quarter. TD Private Client Wealth LLC now owns 3,650 shares of the bank’s stock valued at $182,000 after buying an additional 881 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in Zions Bancorporation, N.A. during the 1st quarter worth about $232,000. Crossmark Global Holdings Inc. lifted its position in Zions Bancorporation, N.A. by 44.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 21,110 shares of the bank’s stock worth $1,053,000 after buying an additional 6,461 shares in the last quarter. Finally, Alps Advisors Inc. bought a new stake in Zions Bancorporation, N.A. during the 1st quarter worth about $366,000. 76.84% of the stock is currently owned by institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ZION shares. Wells Fargo & Company boosted their target price on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 22nd. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $45.00 to $60.00 in a research report on Tuesday, July 22nd. Zacks Research lowered Zions Bancorporation, N.A. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Evercore ISI lifted their target price on Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Finally, Morgan Stanley upped their price target on Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $61.29.

Zions Bancorporation, N.A. Stock Performance

Shares of Zions Bancorporation, N.A. stock opened at $52.24 on Friday. The firm has a fifty day moving average of $55.05 and a two-hundred day moving average of $52.47. 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 stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 0.85 and a beta of 0.96. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly 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 business had revenue of $705.00 million for the quarter. As a group, equities research analysts predict that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a yield of 3.4%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 32.26%.

About Zions Bancorporation, N.A.

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.