Zions Bancorporation, N.A. $ZION Shares Purchased by Horizon Investments LLC

Horizon Investments LLC lifted its position in Zions Bancorporation, N.A. (NASDAQ:ZION) by 30.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,004 shares of the bank’s stock after acquiring an additional 17,458 shares during the period. Horizon Investments LLC’s holdings in Zions Bancorporation, N.A. were worth $4,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of Zions Bancorporation, N.A. by 17.1% in the fourth quarter. Signaturefd LLC now owns 1,192 shares of the bank’s stock worth $70,000 after acquiring an additional 174 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Zions Bancorporation, N.A. by 3.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 7,886 shares of the bank’s stock worth $462,000 after acquiring an additional 240 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Zions Bancorporation, N.A. by 1.2% in the third quarter. Crossmark Global Holdings Inc. now owns 21,548 shares of the bank’s stock worth $1,219,000 after acquiring an additional 247 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Zions Bancorporation, N.A. by 1.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,940 shares of the bank’s stock worth $902,000 after acquiring an additional 276 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Zions Bancorporation, N.A. by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 48,719 shares of the bank’s stock worth $2,757,000 after acquiring an additional 280 shares during the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Price Performance

NASDAQ:ZION opened at $63.26 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $9.30 billion, a P/E ratio of 9.84, a P/E/G ratio of 2.18 and a beta of 0.83. Zions Bancorporation, N.A. has a 52 week low of $45.24 and a 52 week high of $66.18. The stock’s fifty day moving average is $58.67 and its two-hundred day moving average is $57.49.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings data on Monday, April 20th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.13. The firm had revenue of $849.00 million for the quarter, compared to the consensus estimate of $853.73 million. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.During the same quarter in the previous year, the business earned $1.13 EPS. Equities analysts expect that Zions Bancorporation, N.A. will post 6.38 EPS for the current year.

Zions Bancorporation, N.A. announced that its board has initiated a stock buyback plan on Saturday, May 2nd that permits the company to repurchase $225.00 million in outstanding shares. This repurchase authorization permits the bank to reacquire up to 2.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Robert W. Baird boosted their price objective on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Truist Financial lifted their price target on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. Citigroup boosted their price target on shares of Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Morgan Stanley lowered their price target on shares of Zions Bancorporation, N.A. from $75.00 to $68.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have issued 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 $65.53.

Insider Activity at Zions Bancorporation, N.A.

In other news, CEO Harris H. Simmons acquired 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were purchased at an average price of $59.03 per share, for a total transaction of $265,635.00. Following the acquisition, the chief executive officer owned 1,317,493 shares of the company’s stock, valued at $77,771,611.79. This represents a 0.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Anne Smith sold 2,089 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $62.48, for a total value of $130,520.72. Following the completion of the sale, the executive vice president owned 22,733 shares in the company, valued at $1,420,357.84. This represents a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 24,313 shares of company stock worth $1,587,084. 1.43% of the stock is currently owned by company insiders.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle?market firms and high?net?worth clients. Its service portfolio includes deposit accounts, cash?management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.