Fox Run Management L.L.C. Takes Position in Zions Bancorporation, N.A. $ZION

Fox Run Management L.L.C. acquired a new position in Zions Bancorporation, N.A. (NASDAQ:ZION) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 30,296 shares of the bank’s stock, valued at approximately $1,714,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Traub Capital Management LLC purchased a new stake in shares of Zions Bancorporation, N.A. in the second quarter valued at $31,000. Assetmark Inc. raised its position in Zions Bancorporation, N.A. by 75.3% during the second quarter. Assetmark Inc. now owns 673 shares of the bank’s stock valued at $35,000 after buying an additional 289 shares during the period. Steph & Co. purchased a new stake in Zions Bancorporation, N.A. in the 3rd quarter worth about $37,000. Salomon & Ludwin LLC acquired a new stake in Zions Bancorporation, N.A. during the 3rd quarter worth about $37,000. Finally, Quent Capital LLC purchased a new position in Zions Bancorporation, N.A. during the 3rd quarter valued at about $45,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, N.A. Stock Down 0.2%

Zions Bancorporation, N.A. stock opened at $59.20 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $66.18. The firm’s fifty day simple moving average is $60.46 and its 200-day simple moving average is $56.72. The company has a market capitalization of $8.74 billion, a P/E ratio of 9.87 and a beta of 0.85.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio is 30.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ZION. Barclays increased their price target on shares of 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. Citigroup lifted their target price on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Evercore boosted their price target on shares of Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the company an “in-line” rating in a report on Thursday, February 5th. Weiss Ratings raised shares of Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 3rd. Finally, Royal Bank Of Canada increased their price objective 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, four have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Zions Bancorporation, N.A. has an average rating of “Hold” and an average target price of $63.32.

Insider Activity at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, VP Eric Ellingsen sold 1,519 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $2,472,918.47. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Derek Steward sold 769 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $60.46, for a total value of $46,493.74. Following the transaction, the executive vice president owned 14,307 shares in the company, valued at approximately $865,001.22. This trade represents a 5.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 55,581 shares of company stock worth $3,498,774 in the last 90 days. Insiders own 1.77% of the company’s stock.

About Zions Bancorporation, N.A.

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.