Seven Eight Capital LP Buys Shares of 20,684 Zions Bancorporation, National Association (NASDAQ:ZION)

Seven Eight Capital LP bought a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,684 shares of the bank’s stock, valued at approximately $907,000.

Other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. boosted its stake in Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after purchasing an additional 331 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Zions Bancorporation, National Association in the 4th quarter worth $29,000. Versant Capital Management Inc boosted its stake in shares of 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 worth $93,000 after buying an additional 2,076 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Zions Bancorporation, National Association in the 4th quarter worth $126,000. Finally, EMC Capital Management purchased a new position in shares of Zions Bancorporation, National Association in the 3rd quarter worth $126,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ZION. StockNews.com downgraded Zions Bancorporation, National Association from a “hold” rating to a “sell” rating in a research note on Saturday. Truist Financial reaffirmed a “hold” rating and issued a $46.00 target price on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. UBS Group decreased their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, April 23rd. Evercore ISI raised their target price on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Royal Bank of Canada raised their target price on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 23rd. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.33.

Get Our Latest Report on Zions Bancorporation, National Association

Zions Bancorporation, National Association Trading Up 1.2 %

ZION opened at $41.54 on Monday. Zions Bancorporation, National Association has a 12 month low of $26.35 and a 12 month high of $46.15. The stock has a 50-day moving average of $42.37 and a 200 day moving average of $41.42. The firm has a market cap of $6.13 billion, a P/E ratio of 10.44, a P/E/G ratio of 4.77 and a beta of 1.11. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.01.

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 analysts’ consensus estimates of $0.98 by ($0.02). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $747.21 million. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. During the same period last year, the firm earned $1.33 EPS. As a group, research analysts forecast that Zions Bancorporation, National Association will post 4.37 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

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

Insider Buying and Selling

In related 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 value of $65,520.00. Following the completion of the transaction, the chief executive officer now owns 22,181 shares of the company’s stock, valued at $968,866.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Rebecca K. Robinson sold 5,291 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the transaction, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at $970,911.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Alan M. Forney sold 1,500 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the transaction, the chief executive officer now directly owns 22,181 shares in the company, valued at $968,866.08. The disclosure for this sale can be found here. Insiders sold 7,296 shares of company stock valued at $319,192 over the last 90 days. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Profile

(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.

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

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