Cresset Asset Management LLC Purchases 9,484 Shares of Zions Bancorporation, N.A. $ZION

Cresset Asset Management LLC grew its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 228.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 13,633 shares of the bank’s stock after acquiring an additional 9,484 shares during the quarter. Cresset Asset Management LLC’s holdings in Zions Bancorporation, N.A. were worth $771,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Royal Bank of Canada raised its stake in Zions Bancorporation, N.A. by 76.3% during the first quarter. Royal Bank of Canada now owns 137,434 shares of the bank’s stock valued at $6,853,000 after purchasing an additional 59,483 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Zions Bancorporation, N.A. by 18.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,960 shares of the bank’s stock valued at $2,042,000 after purchasing an additional 6,393 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Zions Bancorporation, N.A. by 0.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 504,860 shares of the bank’s stock worth $25,172,000 after buying an additional 2,659 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Zions Bancorporation, N.A. by 91.7% in the 1st quarter. Focus Partners Wealth now owns 21,502 shares of the bank’s stock worth $1,072,000 after buying an additional 10,283 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Zions Bancorporation, N.A. by 75.3% in the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank’s stock worth $35,000 after buying an additional 289 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Barclays upped their target price on shares of 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 Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $60.00 in a research note on Wednesday, November 19th. 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. Robert W. Baird raised Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their target price on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, December 16th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.58.

Zions Bancorporation, N.A. Stock Down 0.6%

Shares of NASDAQ ZION opened at $55.42 on Wednesday. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $66.18. The firm has a 50-day simple moving average of $60.12 and a two-hundred day simple moving average of $57.02. The company has a market cap of $8.20 billion, a P/E ratio of 9.24 and a beta of 0.83. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.86 and a quick ratio of 0.85.

Zions Bancorporation, N.A. Dividend Announcement

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

Insider Buying and Selling

In other Zions Bancorporation, N.A. news, CEO Harris H. Simmons acquired 4,500 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were bought at an average price of $59.03 per share, with a total value of $265,635.00. Following the transaction, the chief executive officer directly owned 1,317,493 shares of the company’s stock, valued at $77,771,611.79. The trade was a 0.34% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jennifer Anne Smith sold 6,558 shares of Zions Bancorporation, N.A. stock in a transaction on Friday, February 6th. The stock was sold at an average price of $64.80, for a total value of $424,958.40. Following the sale, the executive vice president owned 18,761 shares of the company’s stock, valued at approximately $1,215,712.80. This trade represents a 25.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 55,581 shares of company stock worth $3,498,774 over the last ninety days. Corporate insiders own 1.77% of the company’s stock.

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.