10,799 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. purchased a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,799 shares of the bank’s stock, valued at approximately $510,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in shares of Zions Bancorporation, National Association by 3.5% in the 1st quarter. SG Americas Securities LLC now owns 13,273 shares of the bank’s stock valued at $576,000 after purchasing an additional 453 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Zions Bancorporation, National Association by 0.7% in the 1st quarter. Sei Investments Co. now owns 73,467 shares of the bank’s stock valued at $3,188,000 after purchasing an additional 530 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Zions Bancorporation, National Association by 4.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 191,539 shares of the bank’s stock valued at $8,313,000 after purchasing an additional 7,911 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Zions Bancorporation, National Association in the 1st quarter valued at approximately $770,000. Finally, Trustmark National Bank Trust Department bought a new stake in shares of Zions Bancorporation, National Association during the 1st quarter worth approximately $474,000. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, National Association Stock Down 0.2 %

Shares of ZION stock opened at $59.51 on Friday. The stock’s fifty day moving average price is $50.44 and its 200 day moving average price is $47.09. Zions Bancorporation, National Association has a 1-year low of $33.66 and a 1-year high of $61.80. 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 has a market cap of $8.79 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 5.27 and a beta of 1.07.

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, beating the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. During the same quarter in the previous year, the business earned $1.13 EPS. On average, research analysts expect that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s payout ratio is currently 39.18%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ZION. Barclays raised their price target on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 22nd. Compass Point raised their price target on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Truist Financial raised their price target on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price target on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group raised their price objective on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association presently has an average rating of “Hold” and a consensus target price of $53.59.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the completion of the sale, the vice president now directly owns 35,878 shares in the company, valued at approximately $2,182,817.52. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total value of $234,422.10. Following the sale, the executive vice president now owns 24,714 shares of the company’s stock, valued at approximately $1,321,210.44. This trade represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,228 shares of company stock worth $519,048 in the last 90 days. Corporate insiders own 2.22% of the company’s stock.

About Zions Bancorporation, National Association

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.