Barclays PLC Has $42.06 Million Stock Holdings in Zions Bancorporation, N.A. $ZION

Barclays PLC increased its position in Zions Bancorporation, N.A. (NASDAQ:ZION) by 20.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 743,378 shares of the bank’s stock after purchasing an additional 125,730 shares during the quarter. Barclays PLC owned approximately 0.50% of Zions Bancorporation, N.A. worth $42,060,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Traub Capital Management LLC bought a new position in Zions Bancorporation, N.A. during the second quarter worth $31,000. Assetmark Inc. raised its position in shares of Zions Bancorporation, N.A. by 75.3% in the second quarter. Assetmark Inc. now owns 673 shares of the bank’s stock valued at $35,000 after purchasing an additional 289 shares during the period. Steph & Co. bought a new position in shares of Zions Bancorporation, N.A. in the third quarter valued at about $37,000. Salomon & Ludwin LLC acquired a new stake in shares of Zions Bancorporation, N.A. during the 3rd quarter worth about $37,000. Finally, Quent Capital LLC acquired a new stake in shares of Zions Bancorporation, N.A. during the 3rd quarter worth about $45,000. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Stock Performance

Shares of NASDAQ:ZION opened at $55.42 on Wednesday. The company’s 50 day moving average price is $60.12 and its two-hundred day moving average price is $57.02. Zions Bancorporation, N.A. has a 12-month low of $39.32 and a 12-month high of $66.18. The firm has a market cap of $8.20 billion, a PE ratio of 9.24 and a beta of 0.83. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.64.

Zions Bancorporation, N.A. Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ZION shares. Stephens upped their price target on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 21st. Morgan Stanley upgraded shares of Zions Bancorporation, N.A. from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $75.00 in a research report on Monday, March 2nd. Robert W. Baird upgraded Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a report on Monday. Jefferies Financial Group raised Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and upped their target price for the company from $55.00 to $60.00 in a research report on Wednesday, November 19th. Finally, Royal Bank Of Canada increased their target price on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 21st. One research 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 issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $63.58.

Insider Activity

In related news, VP Eric Ellingsen sold 1,519 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $61.27, for a total value of $93,069.13. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Derek Steward sold 769 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $60.46, for a total value of $46,493.74. Following the completion of the transaction, the executive vice president directly owned 14,307 shares of the company’s stock, valued at approximately $865,001.22. This trade represents a 5.10% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 55,581 shares of company stock worth $3,498,774. 1.77% of the stock is owned by insiders.

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.