Quantbot Technologies LP Sells 151,519 Shares of Zions Bancorporation, N.A. $ZION

Quantbot Technologies LP lowered its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 94.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,462 shares of the bank’s stock after selling 151,519 shares during the period. Quantbot Technologies LP’s holdings in Zions Bancorporation, N.A. were worth $535,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Choreo LLC lifted its stake in shares of Zions Bancorporation, N.A. by 12.2% during the 3rd quarter. Choreo LLC now owns 14,332 shares of the bank’s stock worth $811,000 after purchasing an additional 1,559 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Zions Bancorporation, N.A. in the third quarter valued at about $1,714,000. Compound Planning Inc. grew its stake in Zions Bancorporation, N.A. by 18.5% in the third quarter. Compound Planning Inc. now owns 5,898 shares of the bank’s stock valued at $334,000 after purchasing an additional 919 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in Zions Bancorporation, N.A. in the third quarter worth about $934,000. Finally, Syon Capital LLC lifted its position in shares of Zions Bancorporation, N.A. by 58.0% during the third quarter. Syon Capital LLC now owns 9,598 shares of the bank’s stock valued at $543,000 after buying an additional 3,525 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

Wall Street Analyst Weigh In

ZION has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and raised their price target for the company from $55.00 to $60.00 in a report on Wednesday, November 19th. Morgan Stanley raised shares of Zions Bancorporation, N.A. from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $70.00 to $75.00 in a research report on Monday, March 2nd. Citigroup raised their target price on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Royal Bank Of Canada lifted their price target on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 21st. Finally, Evercore upped their price target on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Zions Bancorporation, N.A. currently has a consensus rating of “Hold” and an average price target of $63.58.

Insider Activity

In related news, VP Eric Ellingsen sold 1,519 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $61.27, for a total value of $93,069.13. Following the sale, the vice president owned 40,361 shares in the company, valued at $2,472,918.47. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer Anne Smith sold 2,089 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $62.48, for a total transaction of $130,520.72. Following the transaction, the executive vice president directly owned 22,733 shares of the company’s stock, valued at $1,420,357.84. This represents a 8.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 55,581 shares of company stock valued at $3,498,774. 2.22% of the stock is owned by insiders.

Zions Bancorporation, N.A. Price Performance

NASDAQ ZION opened at $55.74 on Monday. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 9.29 and a beta of 0.83. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.86 and a quick ratio of 0.85. The stock’s fifty day moving average price is $60.25 and its 200 day moving average price is $57.01. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $66.18.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 12th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.2%. Zions Bancorporation, N.A.’s payout ratio is 30.00%.

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.