Bank of New York Mellon Corp Trims Stock Holdings in Zions Bancorporation, N.A. $ZION

Bank of New York Mellon Corp lowered its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 5.5% in the second quarter, Holdings Channel.com reports. The fund owned 1,295,527 shares of the bank’s stock after selling 75,858 shares during the quarter. Bank of New York Mellon Corp’s holdings in Zions Bancorporation, N.A. were worth $67,290,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Lynx Investment Advisory increased its stake in Zions Bancorporation, N.A. by 3.5% in the second quarter. Lynx Investment Advisory now owns 6,371 shares of the bank’s stock worth $331,000 after purchasing an additional 213 shares during the period. Leo Wealth LLC boosted its stake in shares of Zions Bancorporation, N.A. by 1.7% during the first quarter. Leo Wealth LLC now owns 14,917 shares of the bank’s stock valued at $744,000 after purchasing an additional 253 shares during the period. Wedmont Private Capital grew its holdings in shares of Zions Bancorporation, N.A. by 2.6% in the second quarter. Wedmont Private Capital now owns 10,136 shares of the bank’s stock worth $564,000 after purchasing an additional 256 shares during the last quarter. Assetmark Inc. increased its stake in Zions Bancorporation, N.A. by 75.3% in the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank’s stock worth $35,000 after buying an additional 289 shares during the period. Finally, MAI Capital Management lifted its holdings in Zions Bancorporation, N.A. by 1.5% during the 1st quarter. MAI Capital Management now owns 19,591 shares of the bank’s stock valued at $977,000 after buying an additional 293 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling at Zions Bancorporation, N.A.

In other news, EVP Jennifer Anne Smith sold 2,458 shares of Zions Bancorporation, N.A. stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $53.11, for a total value of $130,544.38. Following the transaction, the executive vice president owned 27,133 shares of the company’s stock, valued at $1,441,033.63. The trade was a 8.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, N.A. Stock Up 1.9%

Zions Bancorporation, N.A. stock opened at $52.24 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. The firm has a market cap of $7.71 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.85 and a beta of 0.96. The business has a fifty day moving average of $55.05 and a two-hundred day moving average of $52.53. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its quarterly earnings results on Monday, June 12th. The bank reported $1.32 EPS for the quarter. The firm had revenue of $705.00 million during the quarter. Zions Bancorporation, N.A. had a return on equity of 13.84% and a net margin of 17.22%. On average, analysts forecast that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, November 13th. Zions Bancorporation, N.A.’s dividend payout ratio is presently 32.26%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ZION shares. Zacks Research downgraded shares of Zions Bancorporation, N.A. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Royal Bank Of Canada boosted their price target on Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the company a “sector perform” rating in a report on Tuesday, July 22nd. DA Davidson raised their price objective on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Baird R W upgraded Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Finally, Truist Financial increased their price target on Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $61.29.

About Zions Bancorporation, N.A.

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.