Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 164,827 shares of the bank’s stock after selling 2,201 shares during the period. Rockefeller Capital Management L.P. owned about 0.10% of Zions Bancorporation, National Association worth $8,712,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Cigna Investments Inc. New boosted its holdings in shares of Zions Bancorporation, National Association by 3.0% during the 1st quarter. Cigna Investments Inc. New now owns 5,719 shares of the bank’s stock worth $314,000 after purchasing an additional 168 shares during the last quarter. MainStreet Investment Advisors LLC boosted its holdings in shares of Zions Bancorporation, National Association by 0.9% during the 1st quarter. MainStreet Investment Advisors LLC now owns 21,223 shares of the bank’s stock worth $1,167,000 after purchasing an additional 187 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Zions Bancorporation, National Association by 0.4% during the 1st quarter. Arizona State Retirement System now owns 47,744 shares of the bank’s stock worth $2,624,000 after purchasing an additional 189 shares during the last quarter. Capital Analysts LLC boosted its holdings in shares of Zions Bancorporation, National Association by 27.0% during the 2nd quarter. Capital Analysts LLC now owns 940 shares of the bank’s stock worth $50,000 after purchasing an additional 200 shares during the last quarter. Finally, Norinchukin Bank The boosted its holdings in shares of Zions Bancorporation, National Association by 4.7% during the 1st quarter. Norinchukin Bank The now owns 5,069 shares of the bank’s stock worth $279,000 after purchasing an additional 229 shares during the last quarter. Institutional investors own 82.43% of the company’s stock.

Several analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $57.00 price target (down previously from $62.00) on shares of Zions Bancorporation, National Association in a research report on Tuesday, July 20th. Raymond James lifted their price target on shares of Zions Bancorporation, National Association from $65.00 to $66.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 26th. Piper Sandler reduced their price target on shares of Zions Bancorporation, National Association from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 20th. Robert W. Baird lowered shares of Zions Bancorporation, National Association from a “neutral” rating to an “underperform” rating and set a $49.00 price target on the stock. in a research report on Monday, August 30th. Finally, Royal Bank of Canada boosted their target price on Zions Bancorporation, National Association from $53.00 to $59.00 and gave the company a “sector perform” rating in a research report on Friday, August 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $56.17.

Shares of ZION stock opened at $56.86 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $54.05 and a 200 day moving average price of $55.20. The company has a market cap of $9.22 billion, a P/E ratio of 8.55, a PEG ratio of 0.59 and a beta of 1.57. Zions Bancorporation, National Association has a 12 month low of $27.55 and a 12 month high of $60.65.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Sunday, July 18th. The bank reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.79. The firm had revenue of $760.00 million during the quarter, compared to the consensus estimate of $712.42 million. Zions Bancorporation, National Association had a net margin of 38.07% and a return on equity of 15.45%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, equities analysts forecast that Zions Bancorporation, National Association will post 6.59 EPS for the current year.

Zions Bancorporation, National Association announced that its Board of Directors has authorized a stock repurchase program on Friday, July 23rd that allows the company to buyback $125.00 million in shares. This buyback authorization allows the bank to buy up to 1.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 19th. Investors of record on Thursday, August 12th were paid a dividend of $0.38 per share. The ex-dividend date was Wednesday, August 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.67%. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.34. Zions Bancorporation, National Association’s payout ratio is presently 50.33%.

Zions Bancorporation, National Association Profile

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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