Zions Bancorporation, N.A. $ZION Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 9.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,107 shares of the bank’s stock after acquiring an additional 3,503 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Zions Bancorporation, N.A. were worth $2,083,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in ZION. Oppenheimer & Co. Inc. acquired a new position in shares of Zions Bancorporation, N.A. in the 1st quarter valued at $224,000. Bessemer Group Inc. boosted its holdings in shares of Zions Bancorporation, N.A. by 76.3% in the 1st quarter. Bessemer Group Inc. now owns 11,637 shares of the bank’s stock valued at $581,000 after purchasing an additional 5,035 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Zions Bancorporation, N.A. in the 1st quarter valued at $1,261,000. New York State Teachers Retirement System boosted its holdings in shares of Zions Bancorporation, N.A. by 2.5% in the 1st quarter. New York State Teachers Retirement System now owns 148,072 shares of the bank’s stock valued at $7,383,000 after purchasing an additional 3,611 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its holdings in shares of Zions Bancorporation, N.A. by 26.3% in the 1st quarter. DAVENPORT & Co LLC now owns 7,200 shares of the bank’s stock valued at $359,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insiders Place Their Bets

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 2,458 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $53.11, for a total transaction of $130,544.38. Following the completion of the sale, the executive vice president owned 27,133 shares in the company, valued at $1,441,033.63. This trade represents a 8.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION stock opened at $51.51 on Thursday. The company’s fifty day simple moving average is $55.71 and its 200-day simple moving average is $52.07. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The company has a market cap of $7.60 billion, a PE ratio of 9.23, a P/E/G ratio of 0.87 and a beta of 0.93.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings data on Monday, June 12th. The bank reported $1.32 EPS for the quarter. The firm had revenue of $705.00 million for the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.84%. As a group, equities research analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were issued a $0.45 dividend. This is an increase from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Thursday, August 14th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is currently 32.26%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ZION. Robert W. Baird upgraded shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a report on Friday, October 17th. Zacks Research lowered shares of Zions Bancorporation, N.A. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. JPMorgan Chase & Co. lifted their price target on shares of Zions Bancorporation, N.A. from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. DA Davidson raised their target price on shares of Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $61.62.

Zions Bancorporation, N.A. 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.