Cibc World Markets Corp Buys 6,440 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Cibc World Markets Corp lifted its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) by 27.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 30,233 shares of the bank’s stock after purchasing an additional 6,440 shares during the period. Cibc World Markets Corp’s holdings in Zions Bancorporation, National Association were worth $1,326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. raised its holdings in shares of Zions Bancorporation, National Association by 105.4% during the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after acquiring an additional 331 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Zions Bancorporation, National Association during the fourth quarter valued at approximately $29,000. Versant Capital Management Inc raised its holdings in shares of Zions Bancorporation, National Association by 4,613.3% during the fourth quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock valued at $93,000 after acquiring an additional 2,076 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Zions Bancorporation, National Association during the fourth quarter valued at approximately $126,000. Finally, EMC Capital Management bought a new position in shares of Zions Bancorporation, National Association during the third quarter valued at approximately $126,000. Institutional investors own 76.84% of the company’s stock.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Rebecca K. Robinson sold 5,291 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the sale, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at $970,911.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the transaction, the executive vice president now owns 22,238 shares of the company’s stock, valued at $970,911.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Alan M. Forney sold 1,500 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the transaction, the chief executive officer now directly owns 22,181 shares in the company, valued at approximately $968,866.08. The disclosure for this sale can be found here. Insiders have sold 7,296 shares of company stock valued at $319,192 over the last ninety days. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Trading Down 0.6 %

Zions Bancorporation, National Association stock opened at $41.28 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82. Zions Bancorporation, National Association has a one year low of $26.35 and a one year high of $46.15. The stock has a market capitalization of $6.09 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 4.77 and a beta of 1.11. The business’s fifty day moving average is $42.37 and its 200 day moving average is $41.47.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last released its quarterly earnings data on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $747.21 million. During the same period last year, the business earned $1.33 earnings per share. On average, sell-side analysts predict that Zions Bancorporation, National Association will post 4.37 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 16th were given a dividend of $0.41 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.97%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ZION shares. StockNews.com cut Zions Bancorporation, National Association from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group reduced their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 23rd. Royal Bank of Canada upped their price target on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 23rd. Evercore ISI upped their price target on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $46.00 price target on shares of Zions Bancorporation, National Association in a research note on Monday, April 1st. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and an average price target of $43.33.

View Our Latest Stock Report on ZION

Zions Bancorporation, National Association Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zions Bancorporation, National Association (NASDAQ:ZION)

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