Healthcare of Ontario Pension Plan Trust Fund Sells 188,683 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 85.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,317 shares of the bank’s stock after selling 188,683 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Zions Bancorporation, National Association were worth $1,479,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. ORG Wealth Partners LLC bought a new position in Zions Bancorporation, National Association in the third quarter worth approximately $28,000. ORG Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth $33,000. International Assets Investment Management LLC bought a new position in shares of Zions Bancorporation, National Association during the 2nd quarter worth $34,000. Rothschild Investment LLC purchased a new position in shares of Zions Bancorporation, National Association during the second quarter valued at $39,000. Finally, New Millennium Group LLC bought a new stake in shares of Zions Bancorporation, National Association in the second quarter valued at about $55,000. 76.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 24,714 shares in the company, valued at $1,321,210.44. This represents a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric Ellingsen sold 1,238 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 35,878 shares in the company, valued at $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,881 shares of company stock valued at $1,108,184. 2.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ZION shares. Jefferies Financial Group dropped their price objective on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday, September 11th. Compass Point lifted their price target on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Royal Bank of Canada boosted their price target on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Truist Financial raised their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted their target price on shares of Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and an average price target of $55.13.

Zions Bancorporation, National Association Price Performance

ZION stock opened at $60.52 on Monday. The business has a 50 day moving average price of $53.17 and a 200 day moving average price of $48.24. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 5.36 and a beta of 1.07. Zions Bancorporation, National Association has a fifty-two week low of $35.07 and a fifty-two week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the previous year, the firm earned $1.13 EPS. Equities research analysts anticipate that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.84%. The ex-dividend date was Thursday, November 14th. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio is currently 39.18%.

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.