Zions Bancorporation, N.A. $ZION Stock Position Lifted by Algert Global LLC

Algert Global LLC grew its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 22.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 142,599 shares of the bank’s stock after purchasing an additional 26,526 shares during the period. Algert Global LLC owned approximately 0.10% of Zions Bancorporation, N.A. worth $8,068,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Traub Capital Management LLC bought a new stake in shares of Zions Bancorporation, N.A. during the 2nd quarter worth about $31,000. Salomon & Ludwin LLC bought a new position in shares of Zions Bancorporation, N.A. in the third quarter valued at approximately $37,000. Steph & Co. bought a new position in shares of Zions Bancorporation, N.A. in the third quarter valued at approximately $37,000. Quent Capital LLC acquired a new position in shares of Zions Bancorporation, N.A. during the third quarter valued at approximately $45,000. Finally, SJS Investment Consulting Inc. increased its stake in shares of Zions Bancorporation, N.A. by 3,950.0% during the third quarter. SJS Investment Consulting Inc. now owns 810 shares of the bank’s stock valued at $46,000 after acquiring an additional 790 shares during the period. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, N.A. Stock Up 0.8%

Shares of NASDAQ:ZION opened at $53.54 on Tuesday. The firm has a 50 day simple moving average of $59.71 and a 200 day simple moving average of $56.93. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $66.18. 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 company has a market cap of $7.92 billion, a PE ratio of 8.92 and a beta of 0.83.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th were issued a $0.45 dividend. The ex-dividend date was Thursday, February 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.4%. Zions Bancorporation, N.A.’s dividend payout ratio is presently 30.00%.

Analyst Upgrades and Downgrades

ZION has been the subject of a number of research analyst reports. Barclays upped their target price on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the stock an “underweight” rating in a research report on Monday, January 5th. Evercore boosted their price objective on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “in-line” rating in a research note on Thursday, February 5th. Citigroup upped their price objective on Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Robert W. Baird raised Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Monday, March 9th. Finally, Royal Bank Of Canada lifted their target price on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Zions Bancorporation, N.A. currently has an average rating of “Hold” and a consensus target price of $63.58.

Insiders Place Their Bets

In related news, EVP Steven Dan Stephens sold 15,476 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $65.90, for a total value of $1,019,868.40. Following the completion of the sale, the executive vice president directly owned 41,127 shares of the company’s stock, valued at approximately $2,710,269.30. This represents a 27.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eric Ellingsen sold 1,519 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $61.27, for a total value of $93,069.13. Following the sale, the vice president owned 40,361 shares of the company’s stock, valued at $2,472,918.47. The trade was a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 55,581 shares of company stock valued at $3,498,774 over the last quarter. 1.77% of the stock is owned by 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.