EMC Capital Management Sells 5,143 Shares of Zions Bancorporation, N.A. $ZION

EMC Capital Management decreased its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 50.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,107 shares of the bank’s stock after selling 5,143 shares during the quarter. EMC Capital Management’s holdings in Zions Bancorporation, N.A. were worth $265,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ZION. AQR Capital Management LLC raised its stake in Zions Bancorporation, N.A. by 326.4% in the 1st quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank’s stock valued at $139,927,000 after acquiring an additional 2,194,514 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in shares of Zions Bancorporation, N.A. by 57.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,133,336 shares of the bank’s stock worth $106,368,000 after purchasing an additional 778,861 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Zions Bancorporation, N.A. by 168.4% in the second quarter. Allianz Asset Management GmbH now owns 1,209,455 shares of the bank’s stock valued at $62,819,000 after purchasing an additional 758,855 shares during the period. Vanguard Group Inc. lifted its stake in shares of Zions Bancorporation, N.A. by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 19,308,327 shares of the bank’s stock valued at $1,002,875,000 after buying an additional 582,392 shares in the last quarter. Finally, FJ Capital Management LLC purchased a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter valued at approximately $21,361,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Analyst Ratings Changes

ZION has been the topic of a number of analyst reports. Baird R W raised shares of Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Jefferies Financial Group upgraded Zions Bancorporation, N.A. from an “underperform” rating to a “hold” rating and lifted their price target for the company from $45.00 to $60.00 in a research report on Tuesday, July 22nd. UBS Group dropped their price objective on Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Royal Bank Of Canada lifted their target price 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. Finally, Bank of America upgraded Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and upped their price target for the company from $59.00 to $62.00 in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.29.

Zions Bancorporation, N.A. Price Performance

Zions Bancorporation, N.A. stock opened at $49.34 on Wednesday. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 0.85 and a beta of 0.96. 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 business has a 50-day simple moving average of $54.18 and a 200 day simple moving average of $52.82. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22.

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

Zions Bancorporation, N.A. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Thursday, November 13th. Zions Bancorporation, N.A.’s payout ratio is currently 32.26%.

Insider Activity at Zions Bancorporation, N.A.

In other news, EVP Jennifer Anne Smith sold 2,458 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $53.11, for a total transaction of $130,544.38. Following the sale, the executive vice president owned 27,133 shares in the company, valued at approximately $1,441,033.63. This trade represents a 8.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.77% of the stock is owned by insiders.

Zions Bancorporation, N.A. 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.