Los Angeles Capital Management LLC holds $5.17 million in shares of Zions Bancorporation, National Association (NASDAQ: ZION)


Los Angeles Capital Management LLC reduced its holdings of shares of Zions Bancorporation, National Association (NASDAQ: ZIONGet a rating) by 0.9% in the first quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The fund held 78,791 shares of the bank after selling 689 shares during the period. Los Angeles Capital Management LLC owned approximately 0.05% of Zions Bancorporation, National Association worth $5,166,000 at the end of last quarter.

A number of other major investors have also recently changed their stakes in the company. Cascade Investment Advisors Inc. increased its stake in the shares of Zions Bancorporation, National Association by 0.5% during the 4th quarter. Cascade Investment Advisors Inc. now owns 28,560 shares of the bank worth $1,804,000 after buying 140 additional shares in the last quarter. Daiwa Securities Group Inc. increased its equity stake in Zions Bancorporation, National Association by 14.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,454 shares of the bank worth $92,000 after buying 185 additional shares in the last quarter. Carolina Wealth Advisors LLC increased its equity stake in Zions Bancorporation, National Association by 9.4% during the 1st quarter. Carolina Wealth Advisors LLC now owns 4,274 shares of the bank worth $280,000 after buying 368 additional shares in the last quarter. UMA Financial Services Inc. increased its equity stake in Zions Bancorporation, National Association by 3.9% during the 1st quarter. UMA Financial Services Inc. now owns 10,052 shares of the bank worth $598,000 after buying 376 additional shares in the last quarter. Finally, Veriti Management LLC increased its stake in shares of Zions Bancorporation, National Association by 13.0% in the 1st quarter. Veriti Management LLC now owns 3,755 shares of the bank valued at $246,000 after purchasing an additional 432 shares during the period. 82.24% of the shares are currently held by institutional investors and hedge funds.

Zions Bancorporation, National Stock Association up 1.3%

Shares of IF WE open at $54.00 on Monday. Zions Bancorporation, National Association has a 12-month low of $47.92 and a 12-month high of $75.44. The company’s 50-day moving average is $52.95 and its 200-day moving average is $60.18. The stock has a market capitalization of $8.17 billion, a PE ratio of 10.09, a P/E/G ratio of 2.33 and a beta of 1.26. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt ratio of 0.13.

Zions Bancorporation, National Association (NASDAQ: ZIONGet a rating) last announced its results on Tuesday, July 26. The bank reported EPS of $1.29 for the quarter, missing the consensus estimate of $1.35 per ($0.06). Zions Bancorporation, National Association achieved a return on equity of 13.53% and a net margin of 29.21%. In the same quarter of the previous year, the company achieved EPS of $2.08. Equity research analysts expect Zions Bancorporation, National Association to post EPS of 5.9 for the current year.

Zions Bancorporation and National Association Increase Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 25. Investors of record on Thursday, August 18 will receive a dividend of $0.41 per share. This is a positive change from Zions Bancorporation, the National Association’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, August 17. This represents an annualized dividend of $1.64 and a dividend yield of 3.04%. Zions Bancorporation, the National Association’s dividend payout ratio (DPR) is currently 28.41%.

Zions Bancorporation, National Association, announced that its Board of Directors launched a stock repurchase program on Friday, April 29 that allows the company to repurchase $50.00 million of outstanding stock. This repurchase authorization allows the bank to repurchase up to 0.6% of its shares through purchases on the open market. Stock buyback programs are often a sign that a company’s management believes its stock is undervalued.

Changes to analyst ratings

ZION has been the subject of a number of research analyst reports. Barclays lowered its price target on shares of Zions Bancorporation, National Association from $81.00 to $71.00 and set an “equal weight” rating on the stock in a Wednesday, July 27 report. Piper Sandler lowered her price target on shares of Zions Bancorporation, National Association to $66.00 in a Monday, July 4 report. Truist Financial lowered its price target on shares of Zions Bancorporation, National Association to $60.00 and set an “outperform” rating on the stock in a Wednesday, July 27 report. B. Riley lowered his price target on shares of Zions Bancorporation, National Association from $60.00 to $55.00 in a Wednesday, July 27 report. Finally, Wedbush raised its price target on shares of Zions Bancorporation, National Association from $59.00 to $65.00 and gave the company an “outperform” rating in a Wednesday, July 27 report. One research analyst rated the stock with a sell rating, eleven gave the company’s stock a hold rating and six gave the company’s stock a buy rating. Based on data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of “Hold” and an average price target of $65.42.

Insider buying and selling

In related news, EVP Law Scott A. sold 713 shares in a trade that took place on Tuesday, May 17. The shares were sold at an average price of $54.16, for a total transaction of $38,616.08. Following the sale, the executive vice president now owns 19,424 shares of the company, valued at approximately $1,052,003.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. 1.81% of the shares are currently held by insiders of the company.

Zions Bancorporation, National Association Profile

(Get a rating)

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The company offers business banking services; commercial banking, including small and medium enterprises; commercial real estate banking services; municipal and public finance departments; retail banking, including residential mortgages; fiduciary services; wealth management and personal banking services; and capital markets products and services.

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Institutional Ownership by Quarter for Zions Bancorporation, National Association (NASDAQ:ZION)



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