Calamos Advisors LLC Cuts Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Calamos Advisors LLC reduced its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,984 shares of the bank’s stock after selling 3,072 shares during the period. Calamos Advisors LLC owned 0.17% of Zions Bancorporation, National Association worth $11,274,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of Zions Bancorporation, National Association by 4.3% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,392 shares of the bank’s stock worth $274,000 after purchasing an additional 221 shares during the period. Creative Planning boosted its holdings in shares of Zions Bancorporation, National Association by 2.5% during the second quarter. Creative Planning now owns 11,260 shares of the bank’s stock worth $573,000 after purchasing an additional 275 shares during the period. Empirical Finance LLC boosted its holdings in shares of Zions Bancorporation, National Association by 7.6% during the fourth quarter. Empirical Finance LLC now owns 4,240 shares of the bank’s stock worth $208,000 after purchasing an additional 301 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of Zions Bancorporation, National Association by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank’s stock worth $2,229,000 after purchasing an additional 330 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of Zions Bancorporation, National Association by 105.4% during the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after purchasing an additional 331 shares during the period. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ZION has been the subject of a number of analyst reports. Truist Financial reiterated a “hold” rating and set a $46.00 target price on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Royal Bank of Canada lifted their price objective on Zions Bancorporation, National Association from $45.00 to $46.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 9th. Jefferies Financial Group cut their price objective on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Stephens lifted their price objective on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 23rd. Finally, Robert W. Baird cut their price objective on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.00.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION opened at $39.92 on Friday. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $46.15. The firm has a market cap of $5.89 billion, a P/E ratio of 9.18 and a beta of 1.13. The company has a 50 day moving average of $40.78 and a 200 day moving average of $39.07. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $754.81 million. During the same quarter in the previous year, the firm earned $1.84 earnings per share. As a group, research analysts expect that Zions Bancorporation, National Association will post 4.27 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were issued a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a yield of 4.11%. Zions Bancorporation, National Association’s payout ratio is currently 37.70%.

Insider Buying and Selling

In other news, CEO Harris H. Simmons acquired 3,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was bought at an average cost of $38.99 per share, for a total transaction of $140,364.00. Following the acquisition, the chief executive officer now directly owns 1,261,866 shares in the company, valued at $49,200,155.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Harris H. Simmons bought 3,600 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was acquired at an average cost of $38.99 per share, for a total transaction of $140,364.00. Following the purchase, the chief executive officer now owns 1,261,866 shares in the company, valued at $49,200,155.34. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, VP A Scott Anderson sold 832 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total transaction of $32,647.68. The disclosure for this sale can be found here. Insiders sold a total of 18,022 shares of company stock worth $744,893 in the last three months. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association 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.