Daiwa Securities Group Inc. Has $174,000 Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Daiwa Securities Group Inc. lifted its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 13.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,970 shares of the bank’s stock after acquiring an additional 473 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Zions Bancorporation, National Association were worth $174,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZION. Versant Capital Management Inc raised its stake in Zions Bancorporation, National Association by 4,613.3% in the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock valued at $93,000 after acquiring an additional 2,076 shares during the period. EMC Capital Management bought a new stake in Zions Bancorporation, National Association in the 3rd quarter valued at $126,000. Covestor Ltd raised its stake in Zions Bancorporation, National Association by 22.7% in the 3rd quarter. Covestor Ltd now owns 4,367 shares of the bank’s stock valued at $152,000 after acquiring an additional 809 shares during the period. V Square Quantitative Management LLC bought a new stake in Zions Bancorporation, National Association in the 3rd quarter valued at $194,000. Finally, Bank of Stockton bought a new stake in Zions Bancorporation, National Association in the 4th quarter valued at $200,000. Institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling

In related news, VP A Scott Anderson sold 832 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $39.24, for a total transaction of $32,647.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 832 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $39.24, for a total value of $32,647.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Harris H. Simmons acquired 3,600 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, February 6th. The stock was acquired at an average price of $38.99 per share, with a total value of $140,364.00. Following the purchase, the chief executive officer now directly owns 1,261,866 shares in the company, valued at $49,200,155.34. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 13,929 shares of company stock worth $563,778. 2.22% of the stock is owned by corporate insiders.

Zions Bancorporation, National Association Stock Performance

Zions Bancorporation, National Association stock opened at $41.76 on Friday. Zions Bancorporation, National Association has a 12-month low of $18.26 and a 12-month high of $46.15. The company has a quick ratio of 0.80, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The business’s 50-day moving average price is $40.88 and its two-hundred day moving average price is $39.38. The stock has a market cap of $6.16 billion, a PE ratio of 10.49 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.04). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same quarter in the prior year, the firm earned $1.33 EPS. As a group, analysts expect that Zions Bancorporation, National Association will post 4.38 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.93%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 41.21%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ZION. Truist Financial restated a “hold” rating and issued a $46.00 price target on shares of Zions Bancorporation, National Association in a research note on Monday, April 1st. Robert W. Baird dropped their price target on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23rd. Stephens upped their price objective on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, January 23rd. Morgan Stanley upped their price objective on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a report on Wednesday, February 7th. Finally, Compass Point reaffirmed a “neutral” rating on shares of Zions Bancorporation, National Association in a report on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $43.16.

Zions Bancorporation, National Association 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.