SG Americas Securities LLC Sells 34,614 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

SG Americas Securities LLC lowered its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 80.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,238 shares of the bank’s stock after selling 34,614 shares during the quarter. SG Americas Securities LLC’s holdings in Zions Bancorporation, National Association were worth $389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZION. Fidelis Capital Partners LLC bought a new position in shares of Zions Bancorporation, National Association during the first quarter valued at approximately $27,000. ORG Partners LLC bought a new position in shares of Zions Bancorporation, National Association during the second quarter valued at approximately $33,000. International Assets Investment Management LLC bought a new position in shares of Zions Bancorporation, National Association during the second quarter valued at approximately $34,000. Rothschild Investment LLC bought a new position in shares of Zions Bancorporation, National Association during the second quarter valued at approximately $39,000. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of Zions Bancorporation, National Association by 49.7% during the first quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock valued at $49,000 after acquiring an additional 372 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Down 0.1 %

NASDAQ ZION opened at $51.03 on Friday. Zions Bancorporation, National Association has a 12 month low of $28.90 and a 12 month high of $53.32. The stock has a market cap of $7.54 billion, a P/E ratio of 12.30, a P/E/G ratio of 1.87 and a beta of 1.09. The stock’s fifty day moving average price is $47.40 and its 200-day moving average price is $45.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 EPS for the quarter, beating the consensus estimate of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The company had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $761.61 million. During the same period last year, the firm posted $1.11 earnings per share. Zions Bancorporation, National Association’s revenue was down .5% compared to the same quarter last year. As a group, equities analysts forecast that Zions Bancorporation, National Association will post 4.53 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.21%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 39.52%.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $51.83, for a total value of $3,109,800.00. Following the transaction, the president now owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. This represents a 0.00 % 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. In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $51.83, for a total value of $3,109,800.00. Following the transaction, the president now owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. This represents a 0.00 % 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 Terry Alan Shirey sold 1,917 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now directly owns 24,640 shares in the company, valued at approximately $1,275,859.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,073 shares of company stock valued at $3,476,298 over the last ninety days. Insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Evercore ISI decreased their target price on Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Wells Fargo & Company decreased their target price on Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, August 21st. JPMorgan Chase & Co. decreased their target price on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price target on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 23rd. Finally, Argus cut Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $49.28.

Zions Bancorporation, National Association Company 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.