Harris Simmons Purchases 4,500 Shares of Zions Bancorporation, N.A. (NASDAQ:ZION) Stock

Zions Bancorporation, N.A. (NASDAQ:ZION) CEO Harris Simmons acquired 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, with a total value of $265,635.00. Following the transaction, the chief executive officer owned 1,317,493 shares in the company, valued at approximately $77,771,611.79. The trade was a 0.34% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Zions Bancorporation, N.A. Price Performance

Shares of ZION stock opened at $61.65 on Friday. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $66.18. The stock has a market capitalization of $9.12 billion, a PE ratio of 10.28 and a beta of 0.85. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 0.86. The stock’s fifty day moving average is $60.52 and its 200-day moving average is $56.78.

Zions Bancorporation, N.A. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is presently 30.00%.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZION. Thrivent Financial for Lutherans grew its holdings in shares of Zions Bancorporation, N.A. by 6.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,041,063 shares of the bank’s stock valued at $115,483,000 after acquiring an additional 122,815 shares in the last quarter. LSV Asset Management boosted its position in Zions Bancorporation, N.A. by 4.5% during the second quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock valued at $205,689,000 after purchasing an additional 169,085 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Zions Bancorporation, N.A. during the third quarter valued at approximately $934,000. Bailard Inc. acquired a new position in shares of Zions Bancorporation, N.A. during the 3rd quarter worth approximately $487,000. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Zions Bancorporation, N.A. during the 2nd quarter worth approximately $452,000. Institutional investors own 76.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ZION shares. Stephens increased their price target on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 21st. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $60.00 in a research report on Wednesday, November 19th. Barclays upped their price objective on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the stock an “underweight” rating in a report on Monday, January 5th. Weiss Ratings raised Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 3rd. Finally, Piper Sandler boosted their target price on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $63.32.

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.