22,899 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in Zions Bancorporation, National Association (NASDAQ:ZION) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,899 shares of the bank’s stock, valued at approximately $1,081,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in Zions Bancorporation, National Association by 14.6% during the third quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock valued at $332,515,000 after buying an additional 896,889 shares during the period. Dimensional Fund Advisors LP boosted its position in Zions Bancorporation, National Association by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after acquiring an additional 929,251 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Zions Bancorporation, National Association by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank’s stock valued at $221,367,000 after acquiring an additional 140,084 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Zions Bancorporation, National Association by 25.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock worth $126,762,000 after acquiring an additional 538,049 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Zions Bancorporation, National Association by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank’s stock worth $74,784,000 after purchasing an additional 5,609 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Down 1.1 %

NASDAQ:ZION opened at $58.15 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The company’s fifty day moving average price is $55.42 and its 200-day moving average price is $49.14. Zions Bancorporation, National Association has a 1-year low of $37.76 and a 1-year high of $63.22. The firm has a market capitalization of $8.59 billion, a P/E ratio of 13.25, a PEG ratio of 5.20 and a beta of 1.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same period last year, the firm earned $1.13 EPS. As a group, equities research analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a $0.43 dividend. The ex-dividend date was Thursday, November 14th. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 2.96%. Zions Bancorporation, National Association’s payout ratio is presently 39.18%.

Insiders Place Their Bets

In other news, EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the sale, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at $5,265,325.92. This represents a 9.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total value of $234,422.10. Following the completion of the transaction, the executive vice president now owns 24,714 shares of the company’s stock, valued at approximately $1,321,210.44. This represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,881 shares of company stock worth $1,108,184. Corporate insiders own 2.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wolfe Research upgraded shares of Zions Bancorporation, National Association to a “hold” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. decreased their target price on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Truist Financial lifted their price target on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley increased their price objective on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Evercore ISI boosted their target price on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and an average price target of $55.88.

Zions Bancorporation, National Association 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.