Rhumbline Advisers Sells 2,818 Shares of Zions Bancorporation, N.A. $ZION

Rhumbline Advisers cut its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 411,519 shares of the bank’s stock after selling 2,818 shares during the period. Rhumbline Advisers owned 0.28% of Zions Bancorporation, N.A. worth $21,374,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Picton Mahoney Asset Management bought a new position in shares of Zions Bancorporation, N.A. in the 1st quarter worth approximately $25,000. Traub Capital Management LLC purchased a new stake in Zions Bancorporation, N.A. in the second quarter worth $31,000. Assetmark Inc. raised its holdings in Zions Bancorporation, N.A. by 75.3% in the second quarter. Assetmark Inc. now owns 673 shares of the bank’s stock worth $35,000 after purchasing an additional 289 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Zions Bancorporation, N.A. during the first quarter valued at $40,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter valued at $52,000. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, N.A. Trading Up 0.1%

Shares of NASDAQ ZION opened at $53.26 on Friday. The firm’s 50 day moving average price is $53.38 and its 200-day moving average price is $53.01. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $61.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $7.86 billion, a PE ratio of 9.54, a P/E/G ratio of 0.85 and a beta of 0.96.

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

Zions Bancorporation, N.A. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Thursday, November 13th. Zions Bancorporation, N.A.’s dividend payout ratio is presently 32.26%.

Analyst Ratings Changes

Several brokerages recently issued reports on ZION. Piper Sandler decreased their price target on shares of Zions Bancorporation, N.A. from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday, October 16th. 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. UBS Group lowered their target price on shares of Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. TD Cowen assumed coverage on Zions Bancorporation, N.A. in a research report on Thursday, September 25th. They issued a “hold” rating and a $64.00 price target on the stock. Finally, Cantor Fitzgerald initiated coverage on Zions Bancorporation, N.A. in a research report on Wednesday, September 10th. They set an “overweight” rating and a $64.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Zions Bancorporation, N.A. currently has a consensus rating of “Hold” and an average target price of $61.29.

Insider Activity at Zions Bancorporation, N.A.

In related news, EVP Jennifer Anne Smith sold 2,458 shares of Zions Bancorporation, N.A. stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $53.11, for a total value of $130,544.38. Following the completion of the sale, the executive vice president directly owned 27,133 shares in the company, valued at approximately $1,441,033.63. This trade represents a 8.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.22% of the stock is owned by company 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.