Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. increased its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 1,589.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,669 shares of the bank’s stock after buying an additional 30,735 shares during the period. Ameritas Investment Partners Inc.’s holdings in Zions Bancorporation, National Association were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its stake in shares of Zions Bancorporation, National Association by 18.8% during the third quarter. American Century Companies Inc. now owns 355,622 shares of the bank’s stock worth $12,408,000 after purchasing an additional 56,190 shares in the last quarter. Raymond James Trust N.A. purchased a new position in shares of Zions Bancorporation, National Association during the 4th quarter worth approximately $224,000. HB Wealth Management LLC boosted its position in shares of Zions Bancorporation, National Association by 21.0% during the fourth quarter. HB Wealth Management LLC now owns 8,964 shares of the bank’s stock worth $393,000 after buying an additional 1,555 shares during the period. Raymond James & Associates lifted its stake in Zions Bancorporation, National Association by 38.9% during the 4th quarter. Raymond James & Associates now owns 117,063 shares of the bank’s stock worth $5,136,000 after acquiring an additional 32,778 shares in the last quarter. Finally, Sendero Wealth Management LLC boosted its holdings in Zions Bancorporation, National Association by 11.0% during the 4th quarter. Sendero Wealth Management LLC now owns 11,803 shares of the bank’s stock valued at $518,000 after acquiring an additional 1,165 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Zions Bancorporation, National Association from $39.00 to $42.00 and gave the company an “underweight” rating in a research note on Tuesday. The Goldman Sachs Group raised their price target on shares of Zions Bancorporation, National Association from $47.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday. 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. Truist Financial lifted their target price on Zions Bancorporation, National Association from $45.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price target on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the stock a “market perform” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and a consensus target price of $47.74.

Zions Bancorporation, National Association Price Performance

ZION stock traded down $0.89 during trading on Wednesday, reaching $51.64. 1,067,367 shares of the company were exchanged, compared to its average volume of 2,372,569. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50 day moving average price is $43.78 and its 200 day moving average price is $42.29. Zions Bancorporation, National Association has a 52-week low of $28.90 and a 52-week high of $53.32. The company has a market cap of $7.62 billion, a P/E ratio of 13.20, a PEG ratio of 5.04 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 EPS for the quarter, topping the consensus estimate of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 14.13% and a net margin of 13.53%. The business had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. During the same quarter in the previous year, the company earned $1.11 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. As a group, analysts predict that Zions Bancorporation, National Association will post 4.36 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Wednesday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.66, for a total transaction of $231,005.06. Following the completion of the transaction, the executive vice president now owns 22,238 shares in the company, valued at $970,911.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the sale, the chief executive officer now owns 22,181 shares in the company, valued at approximately $968,866.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the transaction, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at $970,911.08. The disclosure for this sale can be found here. Insiders have sold 7,296 shares of company stock worth $319,192 in the last three months. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Company 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.