Bailard Inc. bought a new stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,600 shares of the bank’s stock, valued at approximately $487,000.
Other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB raised its stake in shares of Zions Bancorporation, N.A. by 15.0% during 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Zions Bancorporation, N.A. in the second quarter worth $814,000. LSV Asset Management increased its position in shares of Zions Bancorporation, N.A. by 4.5% during the second quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock worth $205,689,000 after purchasing an additional 169,085 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Zions Bancorporation, N.A. during the 2nd quarter valued at $452,000. Finally, Gateway Investment Advisers LLC boosted its position in shares of Zions Bancorporation, N.A. by 156.5% in the 3rd quarter. Gateway Investment Advisers LLC now owns 85,848 shares of the bank’s stock worth $4,857,000 after purchasing an additional 52,381 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.
Zions Bancorporation, N.A. Stock Down 3.2%
ZION stock opened at $59.08 on Friday. The company has a market capitalization of $8.72 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 1.30 and a beta of 0.85. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $62.26. The firm’s fifty day simple moving average is $57.34 and its 200-day simple moving average is $55.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.81.
Zions Bancorporation, N.A. Announces Dividend
Insider Buying and Selling at Zions Bancorporation, N.A.
In other news, EVP Jennifer Anne Smith sold 2,458 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president owned 27,133 shares of the company’s stock, valued at $1,441,033.63. The trade was a 8.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.22% of the company’s stock.
More Zions Bancorporation, N.A. News
Here are the key news stories impacting Zions Bancorporation, N.A. this week:
- Positive Sentiment: Multiple sell‑side price‑target raises: Stephens and Piper Sandler lifted targets to $65, reflecting stronger earnings momentum and upside to the stock. Stephens increases PT to $65
- Positive Sentiment: Royal Bank of Canada raised its target to $64 and highlighted upside prospects for ZION. RBC raises PT to $64
- Positive Sentiment: Piper Sandler reiteration/boost to $65 reinforces buy‑side interest after Q4 results. Piper Sandler boosts PT
- Positive Sentiment: TD Cowen flagged strong price‑appreciation potential for ZION, adding to bullish analyst tone. TD Cowen forecast
- Positive Sentiment: Company fundamentals: Q4 showed 31% net earnings growth, NII expansion, 2.5% YoY loan growth and improved asset quality (net charge‑offs ~0.05%), supporting earnings durability. Seeking Alpha: Zions strong setup
- Positive Sentiment: Earnings call recap highlighted profitable momentum and management commentary that reinforced the upbeat analyst moves. TipRanks earnings call summary
- Neutral Sentiment: Citigroup and Truist raised price targets (Citigroup to $64, Truist to $63) but kept neutral/hold stances, offering limited near‑term bullish conviction. Benzinga coverage
- Neutral Sentiment: Zacks published a piece on ZION’s dividend appeal — supportive for income investors but less likely to move the stock immediately. Zacks: Zions dividend story
Analysts Set New Price Targets
ZION has been the topic of several recent analyst reports. Barclays upped their target price on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the company an “underweight” rating in a research report on Monday, January 5th. Jefferies Financial Group raised shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and increased their price objective for the company from $55.00 to $60.00 in a research report on Wednesday, November 19th. Piper Sandler lifted their target price on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday. Truist Financial upped their price target on shares of Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday. Finally, TD Cowen lifted their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, N.A. has a consensus rating of “Hold” and a consensus price target of $63.16.
Read Our Latest Analysis on ZION
Zions Bancorporation, N.A. Company 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.
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