CIBC Asset Management Inc Sells 340 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

CIBC Asset Management Inc lowered its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,547 shares of the bank’s stock after selling 340 shares during the quarter. CIBC Asset Management Inc’s holdings in Zions Bancorporation, National Association were worth $858,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ZION. Federated Hermes Inc. raised its position in Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after purchasing an additional 331 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Zions Bancorporation, National Association during the fourth quarter valued at approximately $29,000. Versant Capital Management Inc raised its holdings in shares of Zions Bancorporation, National Association by 4,613.3% in the fourth quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock worth $93,000 after buying an additional 2,076 shares during the period. EMC Capital Management bought a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter worth approximately $126,000. Finally, Principal Securities Inc. bought a new stake in shares of Zions Bancorporation, National Association during the 4th quarter worth approximately $126,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the sale, the chief executive officer now owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the sale, the chief executive officer now directly owns 22,181 shares in the company, valued at $968,866.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Rebecca K. Robinson sold 5,291 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the transaction, the executive vice president now directly owns 22,238 shares in the company, valued at $970,911.08. The disclosure for this sale can be found here. Insiders sold 7,296 shares of company stock valued at $319,192 in the last three months. 2.22% of the stock is owned by insiders.

Zions Bancorporation, National Association Trading Up 1.2 %

NASDAQ:ZION opened at $41.54 on Monday. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 4.77 and a beta of 1.11. Zions Bancorporation, National Association has a 52 week low of $26.35 and a 52 week high of $46.15. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01. The firm has a 50 day moving average of $42.37 and a 200 day moving average of $41.42.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $747.21 million. During the same quarter in the prior year, the company posted $1.33 EPS. As a group, sell-side analysts anticipate that Zions Bancorporation, National Association will post 4.37 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.95%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 41.21%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Evercore ISI upped their price objective on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. UBS Group lowered their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their target price on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. StockNews.com downgraded shares of Zions Bancorporation, National Association from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Deutsche Bank Aktiengesellschaft began coverage on Zions Bancorporation, National Association in a report on Wednesday, April 10th. They issued a “hold” rating and a $47.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.33.

View Our Latest Research Report on Zions Bancorporation, National Association

About Zions Bancorporation, National Association

(Free Report)

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.

Further Reading

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

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