Dynamic Technology Lab Private Ltd Invests $658,000 in Zions Bancorporation, National Association (NASDAQ:ZION)

Dynamic Technology Lab Private Ltd bought a new stake in Zions Bancorporation, National Association (NASDAQ:ZION) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,926 shares of the bank’s stock, valued at approximately $658,000.

A number of other institutional investors have also made changes to their positions in ZION. Comerica Bank raised its stake in shares of Zions Bancorporation, National Association by 331.1% in the first quarter. Comerica Bank now owns 118,861 shares of the bank’s stock worth $5,159,000 after acquiring an additional 91,289 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Zions Bancorporation, National Association in the 1st quarter worth approximately $1,959,000. Cetera Advisors LLC acquired a new position in Zions Bancorporation, National Association during the 1st quarter worth $878,000. Teachers Retirement System of The State of Kentucky boosted its position in Zions Bancorporation, National Association by 223.4% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 41,401 shares of the bank’s stock valued at $1,797,000 after buying an additional 28,600 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new position in Zions Bancorporation, National Association in the 3rd quarter valued at $510,000. 76.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the sale, the vice president now owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Anne Smith sold 3,605 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $209,306.30. Following the transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at $1,434,894.84. This trade represents a 12.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,375 shares of company stock worth $527,748. Corporate insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ZION shares. Royal Bank of Canada upped their price target on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised their target price on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Jefferies Financial Group dropped their price target on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, September 11th. Wolfe Research raised shares of Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday, September 18th. Finally, Truist Financial upped their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.13.

Zions Bancorporation, National Association Stock Down 0.7 %

Zions Bancorporation, National Association stock opened at $60.68 on Friday. Zions Bancorporation, National Association has a twelve month low of $33.74 and a twelve month high of $63.22. 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 company has a 50 day moving average of $52.67 and a 200-day moving average of $48.01. The stock has a market capitalization of $8.96 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 5.41 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $1.13 EPS. On average, equities research analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was 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 dividend payout ratio (DPR) 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.