D.A. Davidson & CO. Sells 867 Shares of Zions Bancorporation, N.A. $ZION

D.A. Davidson & CO. decreased its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,551 shares of the bank’s stock after selling 867 shares during the quarter. D.A. Davidson & CO.’s holdings in Zions Bancorporation, N.A. were worth $808,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ZION. Picton Mahoney Asset Management bought a new position in shares of Zions Bancorporation, N.A. in the first quarter valued at about $25,000. New Age Alpha Advisors LLC acquired a new position in Zions Bancorporation, N.A. in the 1st quarter valued at about $40,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Zions Bancorporation, N.A. in the 1st quarter valued at about $52,000. Bridge Generations Wealth Management LLC acquired a new position in Zions Bancorporation, N.A. in the 1st quarter valued at about $65,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Zions Bancorporation, N.A. during the second quarter worth approximately $65,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ZION. Truist Financial lifted their price target on Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the stock a “hold” rating in a report on Wednesday, July 23rd. Piper Sandler lowered their price objective on Zions Bancorporation, N.A. from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday, October 16th. Jefferies Financial Group upgraded Zions Bancorporation, N.A. from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $45.00 to $60.00 in a research report on Tuesday, July 22nd. Citigroup upped their price target on shares of Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen upgraded shares of Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.62.

Insider Transactions at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 2,458 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $53.11, for a total value of $130,544.38. Following the sale, the executive vice president owned 27,133 shares of the company’s stock, valued at approximately $1,441,033.63. This trade represents a 8.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.77% of the stock is owned by company insiders.

Zions Bancorporation, N.A. Stock Performance

ZION opened at $52.24 on Wednesday. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $63.22. The business’s fifty day moving average is $55.76 and its 200-day moving average is $52.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $7.71 billion, a P/E ratio of 9.36, a price-to-earnings-growth ratio of 0.88 and a beta of 0.93.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings data on Monday, June 12th. The bank reported $1.32 earnings per share for the quarter. The business had revenue of $705.00 million during the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.84%. Sell-side analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.4%. This is a positive change from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, August 14th. Zions Bancorporation, N.A.’s payout ratio is 32.26%.

About Zions Bancorporation, N.A.

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.