Brevan Howard Capital Management LP Has $4.84 Million Stock Holdings in Zions Bancorporation, N.A. $ZION

Brevan Howard Capital Management LP decreased its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 18.4% during the 3rd quarter, Holdings Channel reports. The firm owned 85,492 shares of the bank’s stock after selling 19,303 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Zions Bancorporation, N.A. were worth $4,837,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC lifted its stake in Zions Bancorporation, N.A. by 2.7% in the third quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock valued at $424,000 after buying an additional 200 shares during the period. GAMMA Investing LLC grew its position in shares of Zions Bancorporation, N.A. by 2.2% during the 3rd quarter. GAMMA Investing LLC now owns 10,567 shares of the bank’s stock worth $598,000 after buying an additional 232 shares during the period. ProShare Advisors LLC grew its position in shares of Zions Bancorporation, N.A. by 3.9% during the 2nd quarter. ProShare Advisors LLC now owns 6,543 shares of the bank’s stock worth $340,000 after buying an additional 244 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Zions Bancorporation, N.A. by 1.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 21,548 shares of the bank’s stock valued at $1,219,000 after acquiring an additional 247 shares in the last quarter. Finally, MainStreet Investment Advisors LLC increased its stake in shares of Zions Bancorporation, N.A. by 2.5% in the 2nd quarter. MainStreet Investment Advisors LLC now owns 10,886 shares of the bank’s stock valued at $565,000 after acquiring an additional 265 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Stock Performance

NASDAQ ZION opened at $53.10 on Monday. The company has a market cap of $7.85 billion, a P/E ratio of 8.85 and a beta of 0.83. The company has a fifty day simple moving average of $59.84 and a 200 day simple moving average of $56.96. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Zions Bancorporation, N.A. has a 12-month low of $39.32 and a 12-month high of $66.18.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th 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 was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is currently 30.00%.

Insider Activity

In related news, CEO Harris H. Simmons purchased 4,500 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $59.03 per share, for a total transaction of $265,635.00. Following the purchase, the chief executive officer owned 1,317,493 shares of the company’s stock, valued at approximately $77,771,611.79. This trade represents a 0.34% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jennifer Anne Smith sold 6,558 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $64.80, for a total value of $424,958.40. Following the sale, the executive vice president directly owned 18,761 shares of the company’s stock, valued at $1,215,712.80. This represents a 25.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 55,581 shares of company stock valued at $3,498,774. 1.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ZION has been the topic of several research analyst reports. Piper Sandler increased their target price on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. Truist Financial lifted their price target on shares of Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and upped their price objective 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 price objective for the stock from $70.00 to $75.00 in a research report on Monday, March 2nd. Finally, Weiss Ratings downgraded Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.58.

Zions Bancorporation, N.A. Profile

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.