Bessemer Group Inc. Reduces Stake in Zions Bancorporation, N.A. $ZION

Bessemer Group Inc. reduced its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION) by 42.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,755 shares of the bank’s stock after selling 4,882 shares during the quarter. Bessemer Group Inc.’s holdings in Zions Bancorporation, N.A. were worth $350,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in Zions Bancorporation, N.A. by 15.0% in the 2nd quarter. Nordea Investment Management AB now owns 256,710 shares of the bank’s stock worth $13,349,000 after acquiring an additional 33,449 shares during the last quarter. Principal Financial Group Inc. increased its stake in Zions Bancorporation, N.A. by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 340,066 shares of the bank’s stock worth $16,956,000 after acquiring an additional 1,561 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Zions Bancorporation, N.A. by 6.2% during the 1st quarter. Teacher Retirement System of Texas now owns 48,147 shares of the bank’s stock valued at $2,401,000 after purchasing an additional 2,821 shares during the last quarter. Ground Swell Capital LLC bought a new position in shares of Zions Bancorporation, N.A. during the 1st quarter valued at about $312,000. Finally, Cerity Partners LLC increased its position in shares of Zions Bancorporation, N.A. by 46.8% during the 1st quarter. Cerity Partners LLC now owns 44,301 shares of the bank’s stock valued at $2,209,000 after purchasing an additional 14,121 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 2,458 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 27,133 shares in the company, valued at approximately $1,441,033.63. This trade represents a 8.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, N.A. Trading Up 0.3%

Shares of ZION stock opened at $52.11 on Monday. The stock has a market capitalization of $7.69 billion, a PE ratio of 9.34, a P/E/G ratio of 0.85 and a beta of 0.93. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22. The business has a 50-day moving average of $55.61 and a 200 day moving average of $52.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its earnings results on Monday, June 12th. The bank reported $1.32 earnings per share for the quarter. Zions Bancorporation, N.A. had a return on equity of 13.84% and a net margin of 17.22%.The company had revenue of $705.00 million during the quarter. As a group, sell-side analysts anticipate that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be issued a $0.45 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.80 annualized dividend and a yield of 3.5%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 32.26%.

Wall Street Analyst Weigh In

ZION has been the topic of several recent research reports. DA Davidson increased their price objective on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Weiss Ratings lowered Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Wells Fargo & Company increased their price objective on Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 22nd. Bank of America upgraded Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $59.00 to $62.00 in a research report on Thursday, October 23rd. Finally, Evercore ISI increased their price objective on Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.62.

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.