Concurrent Investment Advisors LLC Acquires New Stake in Zions Bancorporation, N.A. $ZION

Concurrent Investment Advisors LLC acquired a new stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 20,404 shares of the bank’s stock, valued at approximately $1,194,000.

Several other large investors also recently added to or reduced their stakes in ZION. Royal Bank of Canada boosted its stake in Zions Bancorporation, N.A. by 76.3% during the first quarter. Royal Bank of Canada now owns 137,434 shares of the bank’s stock valued at $6,853,000 after buying an additional 59,483 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Zions Bancorporation, N.A. by 18.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,960 shares of the bank’s stock valued at $2,042,000 after buying an additional 6,393 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Zions Bancorporation, N.A. by 0.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 504,860 shares of the bank’s stock valued at $25,172,000 after buying an additional 2,659 shares during the period. Focus Partners Wealth boosted its stake in Zions Bancorporation, N.A. by 91.7% during the first quarter. Focus Partners Wealth now owns 21,502 shares of the bank’s stock valued at $1,072,000 after buying an additional 10,283 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Zions Bancorporation, N.A. by 52.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,816 shares of the bank’s stock valued at $94,000 after buying an additional 625 shares during the period. Institutional investors own 76.84% of the company’s stock.

Insider Activity at Zions Bancorporation, N.A.

In related news, EVP Steven Dan Stephens sold 15,476 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $65.90, for a total transaction of $1,019,868.40. Following the transaction, the executive vice president owned 41,127 shares in the company, valued at $2,710,269.30. The trade was a 27.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Scott J. Mclean sold 28,980 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $61.15, for a total value of $1,772,127.00. Following the transaction, the president owned 82,250 shares in the company, valued at $5,029,587.50. This trade represents a 26.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 55,581 shares of company stock worth $3,498,774 over the last 90 days. 1.43% of the stock is owned by insiders.

Zions Bancorporation, N.A. Trading Up 1.3%

NASDAQ ZION opened at $63.42 on Friday. Zions Bancorporation, N.A. has a 1-year low of $44.55 and a 1-year high of $66.18. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $58.67 and a 200-day moving average of $57.45. The firm has a market cap of $9.33 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 2.16 and a beta of 0.81.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.The company had revenue of $849.00 million for the quarter, compared to the consensus estimate of $853.73 million. During the same quarter in the previous year, the business earned $1.13 EPS. As a group, sell-side analysts forecast that Zions Bancorporation, N.A. will post 6.38 EPS for the current year.

Wall Street Analysts Forecast Growth

ZION has been the subject of several research analyst reports. Royal Bank Of Canada lifted their price objective on Zions Bancorporation, N.A. from $64.00 to $68.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 21st. Barclays lifted their price objective on Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the company an “underweight” rating in a research note on Wednesday, April 22nd. TD Cowen lifted their price objective on Zions Bancorporation, N.A. from $64.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings raised Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 10th. Finally, Brean Capital started coverage on Zions Bancorporation, N.A. in a research note on Thursday, March 12th. They set a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $65.53.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.