Zions Bancorporation, National Association (NASDAQ:ZION) Shares Acquired by WBI Investments LLC

WBI Investments LLC lifted its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,591 shares of the bank’s stock after buying an additional 352 shares during the period. WBI Investments LLC’s holdings in Zions Bancorporation, National Association were worth $459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZION. International Assets Investment Management LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter valued at about $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Zions Bancorporation, National Association during the 2nd quarter worth $737,000. Atomi Financial Group Inc. acquired a new position in Zions Bancorporation, National Association in the second quarter valued at $205,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Zions Bancorporation, National Association by 68.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,289 shares of the bank’s stock valued at $56,000 after buying an additional 526 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Zions Bancorporation, National Association by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank’s stock worth $74,784,000 after buying an additional 5,609 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zions Bancorporation, National Association

In related news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the transaction, the vice president now owns 17,857 shares of the company’s stock, valued at $925,528.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of Zions Bancorporation, National Association stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total value of $3,109,800.00. Following the transaction, the president now owns 74,286 shares in the company, valued at approximately $3,850,243.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the sale, the vice president now owns 17,857 shares of the company’s stock, valued at $925,528.31. The disclosure for this sale can be found here. Insiders sold a total of 67,073 shares of company stock worth $3,476,298 over the last ninety days. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association Stock Up 0.7 %

Shares of NASDAQ ZION opened at $49.56 on Friday. The firm’s 50-day moving average is $47.06 and its two-hundred day moving average is $43.49. The company has a market capitalization of $7.32 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 2.96 and a beta of 1.11. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, July 22nd. The bank reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The firm had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $761.61 million. During the same quarter in the prior year, the firm earned $1.11 EPS. Zions Bancorporation, National Association’s quarterly revenue was down .5% on a year-over-year basis. Equities analysts anticipate that Zions Bancorporation, National Association will post 4.53 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were paid a dividend of $0.41 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.31%. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stephens lifted their target price on Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Wedbush boosted their price objective on shares of Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Compass Point lifted their target price on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Morgan Stanley raised their price objective on shares of Zions Bancorporation, National Association from $42.00 to $54.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group boosted their target price on Zions Bancorporation, National Association from $47.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.61.

Zions Bancorporation, National Association Company Profile

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.