Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC raised its holdings in Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) by 201.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,846 shares of the bank’s stock after acquiring an additional 25,951 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Zions Bancorporation, National Association were worth $1,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. M&T Bank Corp lifted its holdings in Zions Bancorporation, National Association by 2.6% in the 1st quarter. M&T Bank Corp now owns 8,007 shares of the bank’s stock valued at $526,000 after acquiring an additional 204 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Zions Bancorporation, National Association by 16.0% during the first quarter. Daiwa Securities Group Inc. now owns 1,686 shares of the bank’s stock valued at $111,000 after buying an additional 232 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Zions Bancorporation, National Association by 111.9% during the first quarter. First Horizon Advisors Inc. now owns 445 shares of the bank’s stock valued at $29,000 after buying an additional 235 shares in the last quarter. Kentucky Retirement Systems lifted its stake in Zions Bancorporation, National Association by 2.5% during the first quarter. Kentucky Retirement Systems now owns 9,665 shares of the bank’s stock valued at $634,000 after buying an additional 237 shares in the last quarter. Finally, Thompson Investment Management Inc. lifted its stake in Zions Bancorporation, National Association by 0.3% during the second quarter. Thompson Investment Management Inc. now owns 90,859 shares of the bank’s stock valued at $4,625,000 after buying an additional 237 shares in the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 2,378 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $52.05, for a total transaction of $123,774.90. Following the completion of the sale, the vice president now owns 15,172 shares of the company’s stock, valued at $789,702.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Bruce K. Alexander sold 2,378 shares of the stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $52.05, for a total value of $123,774.90. Following the completion of the sale, the vice president now directly owns 15,172 shares of the company’s stock, valued at $789,702.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James R. Abbott acquired 2,000 shares of Zions Bancorporation, National Association stock in a transaction dated Thursday, November 17th. The stock was acquired at an average cost of $50.45 per share, with a total value of $100,900.00. Following the completion of the transaction, the senior vice president now directly owns 79,918 shares of the company’s stock, valued at approximately $4,031,863.10. The disclosure for this purchase can be found here. Company insiders own 1.81% of the company’s stock.

Zions Bancorporation, National Association Trading Up 0.5 %

NASDAQ:ZION opened at $51.52 on Thursday. The stock’s 50 day moving average price is $51.98 and its 200 day moving average price is $53.47. Zions Bancorporation, National Association has a 52 week low of $46.58 and a 52 week high of $75.44. The company has a market capitalization of $7.71 billion, a P/E ratio of 9.72, a P/E/G ratio of 1.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.72 and a current ratio of 0.72.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) last announced its earnings results on Monday, October 24th. The bank reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.18). The company had revenue of $838.00 million for the quarter, compared to the consensus estimate of $816.01 million. Zions Bancorporation, National Association had a return on equity of 14.98% and a net margin of 26.92%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 EPS. On average, research analysts forecast that Zions Bancorporation, National Association will post 5.63 EPS for the current fiscal year.

Zions Bancorporation, National Association announced that its board has authorized a stock repurchase plan on Friday, July 29th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the bank to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Thursday, November 10th were given a dividend of $0.41 per share. The ex-dividend date was Wednesday, November 9th. This represents a $1.64 dividend on an annualized basis and a yield of 3.18%. Zions Bancorporation, National Association’s payout ratio is currently 30.94%.

Wall Street Analyst Weigh In

ZION has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Zions Bancorporation, National Association to $65.00 in a research note on Wednesday, November 16th. Truist Financial upped their price objective on shares of Zions Bancorporation, National Association from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, September 14th. Barclays dropped their target price on Zions Bancorporation, National Association from $71.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 25th. DA Davidson dropped their target price on Zions Bancorporation, National Association from $61.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, October 25th. Finally, Stephens dropped their target price on Zions Bancorporation, National Association from $61.00 to $58.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 25th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.31.

Zions Bancorporation, National Association Company Profile

(Get Rating)

Zions Bancorporation NA is a bank holding company, which engages in the provision of full banking and related services. It operates through the following segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington.

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Institutional Ownership by Quarter for Zions Bancorporation, National Association (NASDAQ:ZION)

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