Everence Capital Management Inc. Acquires Shares of 8,440 Zions Bancorporation, National Association (NASDAQ:ZION)

Everence Capital Management Inc. acquired a new stake in Zions Bancorporation, National Association (NASDAQ:ZION) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,440 shares of the bank’s stock, valued at approximately $370,000.

Several other institutional investors have also recently bought and sold shares of the business. Kentucky Retirement Systems Insurance Trust Fund raised its position in Zions Bancorporation, National Association by 4.3% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,392 shares of the bank’s stock valued at $274,000 after purchasing an additional 221 shares during the last quarter. Creative Planning raised its position in shares of Zions Bancorporation, National Association by 2.5% during the second quarter. Creative Planning now owns 11,260 shares of the bank’s stock worth $573,000 after acquiring an additional 275 shares during the last quarter. Empirical Finance LLC raised its position in shares of Zions Bancorporation, National Association by 7.6% during the fourth quarter. Empirical Finance LLC now owns 4,240 shares of the bank’s stock worth $208,000 after acquiring an additional 301 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Zions Bancorporation, National Association by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank’s stock worth $2,229,000 after acquiring an additional 330 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Zions Bancorporation, National Association by 7.5% during the fourth quarter. Mackenzie Financial Corp now owns 4,881 shares of the bank’s stock worth $240,000 after acquiring an additional 340 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

Shares of ZION opened at $39.24 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $46.15. The firm’s 50 day moving average price is $40.78 and its two-hundred day moving average price is $39.02. The firm has a market cap of $5.79 billion, a P/E ratio of 9.02 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $754.81 million. During the same period in the previous year, the firm posted $1.84 EPS. On average, analysts forecast that Zions Bancorporation, National Association will post 4.27 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend was Wednesday, February 14th. Zions Bancorporation, National Association’s payout ratio is currently 37.70%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 4,093 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $44.25, for a total value of $181,115.25. Following the transaction, the vice president now owns 14,665 shares of the company’s stock, valued at $648,926.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Mark Richard Young sold 5,597 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $40.21, for a total value of $225,055.37. Following the sale, the vice president now directly owns 12,133 shares in the company, valued at $487,867.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP A Scott Anderson sold 4,093 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $44.25, for a total transaction of $181,115.25. Following the completion of the sale, the vice president now owns 14,665 shares in the company, valued at $648,926.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,022 shares of company stock valued at $744,893. 2.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ZION. Jefferies Financial Group dropped 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 report on Monday, April 8th. Compass Point restated a “neutral” rating on shares of Zions Bancorporation, National Association in a research report on Monday, January 8th. Barclays boosted their target price on Zions Bancorporation, National Association from $35.00 to $47.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They set a “hold” rating and a $47.00 target price for the company. Finally, Truist Financial reaffirmed a “hold” rating and set a $46.00 price objective on shares of Zions Bancorporation, National Association in a research note on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.00.

Zions Bancorporation, National Association 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.