KBC Group NV Cuts Stock Holdings in Zions Bancorporation, N.A. $ZION

KBC Group NV cut its stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 34.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,345 shares of the bank’s stock after selling 2,270 shares during the quarter. KBC Group NV’s holdings in Zions Bancorporation, N.A. were worth $226,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its holdings in Zions Bancorporation, N.A. by 7.6% in the second quarter. Parkside Financial Bank & Trust now owns 2,926 shares of the bank’s stock valued at $152,000 after acquiring an additional 206 shares during the last quarter. Lynx Investment Advisory raised its holdings in shares of Zions Bancorporation, N.A. by 3.5% in the 2nd quarter. Lynx Investment Advisory now owns 6,371 shares of the bank’s stock worth $331,000 after purchasing an additional 213 shares during the period. ProShare Advisors LLC lifted its stake in shares of Zions Bancorporation, N.A. by 3.9% in the 2nd quarter. ProShare Advisors LLC now owns 6,543 shares of the bank’s stock valued at $340,000 after purchasing an additional 244 shares in the last quarter. Wedmont Private Capital lifted its stake in shares of Zions Bancorporation, N.A. by 2.6% in the 2nd quarter. Wedmont Private Capital now owns 10,136 shares of the bank’s stock valued at $564,000 after purchasing an additional 256 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Zions Bancorporation, N.A. by 75.3% during the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank’s stock worth $35,000 after purchasing an additional 289 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, N.A. Stock Performance

Zions Bancorporation, N.A. stock opened at $49.34 on Wednesday. Zions Bancorporation, N.A. has a 12-month low of $39.32 and a 12-month high of $63.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 0.85 and a beta of 0.96. The firm’s fifty day moving average price is $54.18 and its 200 day moving average price is $52.82.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its earnings results on Monday, June 12th. The bank reported $1.32 earnings per share for the quarter. Zions Bancorporation, N.A. had a return on equity of 13.84% and a net margin of 17.22%.The company had revenue of $705.00 million during the quarter. On average, research analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.80 annualized dividend and a yield of 3.6%. Zions Bancorporation, N.A.’s payout ratio is currently 32.26%.

Analysts Set New Price Targets

Several research analysts recently commented on ZION shares. Baird R W upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Piper Sandler reduced their target price on shares of Zions Bancorporation, N.A. from $62.00 to $59.00 and set a “neutral” rating on the stock in a report on Thursday, October 16th. Wells Fargo & Company upped their price target on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 22nd. TD Cowen began coverage on Zions Bancorporation, N.A. in a research report on Thursday, September 25th. They issued a “hold” rating and a $64.00 price objective on the stock. Finally, DA Davidson boosted their price objective on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Zions Bancorporation, N.A. currently has an average rating of “Hold” and an average target price of $61.29.

Insider Activity

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 2,458 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $53.11, for a total value of $130,544.38. Following the transaction, the executive vice president directly owned 27,133 shares of the company’s stock, valued at $1,441,033.63. This represents a 8.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.77% of the stock is currently owned by insiders.

Zions Bancorporation, N.A. 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.