Zions Bancorporation, N.A. $ZION Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 36.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 367,122 shares of the bank’s stock after purchasing an additional 98,140 shares during the quarter. Victory Capital Management Inc. owned about 0.25% of Zions Bancorporation, N.A. worth $20,772,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. DAVENPORT & Co LLC boosted its holdings in Zions Bancorporation, N.A. by 2.7% during the third quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock worth $424,000 after buying an additional 200 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Zions Bancorporation, N.A. by 7.6% in the second quarter. Parkside Financial Bank & Trust now owns 2,926 shares of the bank’s stock valued at $152,000 after buying an additional 206 shares in the last quarter. GAMMA Investing LLC increased its holdings in Zions Bancorporation, N.A. by 2.2% in the third quarter. GAMMA Investing LLC now owns 10,567 shares of the bank’s stock valued at $598,000 after buying an additional 232 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Zions Bancorporation, N.A. by 3.9% during the 2nd quarter. ProShare Advisors LLC now owns 6,543 shares of the bank’s stock valued at $340,000 after acquiring an additional 244 shares during the period. Finally, MainStreet Investment Advisors LLC lifted its position in shares of Zions Bancorporation, N.A. by 2.5% during the 2nd quarter. MainStreet Investment Advisors LLC now owns 10,886 shares of the bank’s stock valued at $565,000 after acquiring an additional 265 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ:ZION opened at $55.78 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 0.86. The business’s fifty day moving average price is $60.19 and its two-hundred day moving average price is $57.02. The stock has a market cap of $8.25 billion, a PE ratio of 9.30 and a beta of 0.83. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $66.18.

Zions Bancorporation, N.A. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 12th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.2%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is presently 30.00%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ZION. Barclays upped their price target on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the stock an “underweight” rating in a report on Monday, January 5th. Piper Sandler boosted their target price on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. TD Cowen upped their target price on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. Weiss Ratings upgraded Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group raised Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $55.00 to $60.00 in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $63.58.

Insider Buying and Selling at Zions Bancorporation, N.A.

In related news, VP Eric Ellingsen sold 1,519 shares of Zions Bancorporation, N.A. stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $61.27, for a total transaction of $93,069.13. Following the completion of the sale, the vice president owned 40,361 shares in the company, valued at approximately $2,472,918.47. This trade represents a 3.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jennifer Anne Smith sold 2,089 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $62.48, for a total transaction of $130,520.72. Following the completion of the transaction, the executive vice president directly owned 22,733 shares of the company’s stock, valued at $1,420,357.84. The trade was a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 55,581 shares of company stock valued at $3,498,774. 1.77% of the stock is owned by company insiders.

Zions Bancorporation, N.A. Profile

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.