Virginia Retirement Systems ET AL raised its holdings in shares of Zions Bancorporation NA (NASDAQ:ZION) by 620.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,400 shares of the bank’s stock after acquiring an additional 43,400 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Zions Bancorporation NA were worth $2,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Smith Asset Management Group LP bought a new stake in shares of Zions Bancorporation NA in the 4th quarter worth about $27,000. CSat Investment Advisory L.P. boosted its stake in shares of Zions Bancorporation NA by 97.9% during the 4th quarter. CSat Investment Advisory L.P. now owns 754 shares of the bank’s stock worth $31,000 after purchasing an additional 373 shares during the period. Doyle Wealth Management purchased a new position in shares of Zions Bancorporation NA during the 4th quarter worth about $33,000. Pinnacle Bank purchased a new position in shares of Zions Bancorporation NA during the 4th quarter worth about $33,000. Finally, JOYN Advisors Inc. boosted its stake in shares of Zions Bancorporation NA by 2,100.0% during the 4th quarter. JOYN Advisors Inc. now owns 836 shares of the bank’s stock worth $34,000 after purchasing an additional 798 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.
Shares of NASDAQ:ZION traded down $0.36 during trading hours on Wednesday, hitting $45.42. The company’s stock had a trading volume of 1,900,884 shares, compared to its average volume of 2,401,962. Zions Bancorporation NA has a 52 week low of $38.08 and a 52 week high of $58.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $8.28 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.13 and a beta of 1.49.
Zions Bancorporation NA (NASDAQ:ZION) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $1.04 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.01). The firm had revenue of $708.00 million for the quarter, compared to the consensus estimate of $715.64 million. Zions Bancorporation NA had a return on equity of 12.24% and a net margin of 27.58%. During the same quarter last year, the firm earned $1.09 EPS. On average, research analysts predict that Zions Bancorporation NA will post 4.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.64%. Zions Bancorporation NA’s dividend payout ratio (DPR) is presently 29.41%.
Several equities research analysts have issued reports on ZION shares. Vining Sparks reissued a “buy” rating and issued a $63.00 price objective on shares of Zions Bancorporation NA in a research report on Thursday, January 24th. BidaskClub raised shares of Zions Bancorporation NA from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. ValuEngine raised shares of Zions Bancorporation NA from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Wedbush boosted their price objective on shares of Zions Bancorporation NA from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, January 23rd. Finally, JPMorgan Chase & Co. cut shares of Zions Bancorporation NA from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $53.00 to $50.00 in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $54.87.
In related news, insider David E. Blackford sold 2,027 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $50.80, for a total transaction of $102,971.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David E. Blackford sold 4,118 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $50.86, for a total transaction of $209,441.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,040 shares of company stock valued at $1,552,958. 1.70% of the stock is currently owned by company insiders.
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Zions Bancorporation NA Profile
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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