Interval Partners LP Invests $3.04 Million in Zions Bancorporation, National Association (NASDAQ:ZION)

Interval Partners LP bought a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 70,000 shares of the bank’s stock, valued at approximately $3,038,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZION. Raymond James & Associates raised its position in shares of Zions Bancorporation, National Association by 38.9% during the fourth 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 during the last quarter. Global Retirement Partners LLC increased its holdings in Zions Bancorporation, National Association by 10.8% in the fourth quarter. Global Retirement Partners LLC now owns 5,857 shares of the bank’s stock valued at $241,000 after purchasing an additional 571 shares during the last quarter. Fifth Third Bancorp increased its holdings in Zions Bancorporation, National Association by 2.0% in the fourth quarter. Fifth Third Bancorp now owns 23,523 shares of the bank’s stock valued at $1,032,000 after purchasing an additional 462 shares during the last quarter. Oak Thistle LLC bought a new stake in Zions Bancorporation, National Association in the fourth quarter valued at about $804,000. Finally, Drive Wealth Management LLC bought a new stake in Zions Bancorporation, National Association in the fourth quarter valued at about $250,000. Institutional investors own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

ZION has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Zions Bancorporation, National Association in a report on Wednesday, April 10th. They issued a “hold” rating and a $47.00 price objective for the company. Robert W. Baird boosted their target price on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Wedbush boosted their target price on Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group boosted their target price on Zions Bancorporation, National Association from $47.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group decreased their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $48.06.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION traded up $0.16 on Wednesday, hitting $52.07. The company’s stock had a trading volume of 900,774 shares, compared to its average volume of 2,351,790. The firm has a market capitalization of $7.69 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 5.09 and a beta of 1.11. Zions Bancorporation, National Association has a one year low of $28.90 and a one year high of $53.32. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average of $44.50 and a two-hundred day moving average of $42.58.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. The firm had revenue of $776.00 million for the quarter, compared to the consensus estimate of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 EPS. Research analysts predict that Zions Bancorporation, National Association will post 4.53 earnings per share for the current year.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the sale, the chief executive officer now owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the sale, the president now owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the transaction, the chief executive officer now directly owns 22,181 shares of the company’s stock, valued at $968,866.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,369 shares of company stock valued at $3,795,490. 2.22% of the stock is currently owned by corporate insiders.

About Zions Bancorporation, National Association

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.