GAMMA Investing LLC Makes New $220,000 Investment in Zions Bancorporation, National Association (NASDAQ:ZION)

GAMMA Investing LLC purchased a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 5,252 shares of the bank’s stock, valued at approximately $220,000.

A number of other large investors have also recently bought and sold shares of the business. Treasurer of the State of North Carolina boosted its position in shares of Zions Bancorporation, National Association by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank’s stock worth $2,229,000 after purchasing an additional 330 shares in the last quarter. Federated Hermes Inc. lifted its position in Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after acquiring an additional 331 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in Zions Bancorporation, National Association by 5.5% in the 3rd quarter. New Mexico Educational Retirement Board now owns 7,672 shares of the bank’s stock valued at $268,000 after acquiring an additional 400 shares in the last quarter. Avaii Wealth Management LLC lifted its position in Zions Bancorporation, National Association by 3.7% in the 3rd quarter. Avaii Wealth Management LLC now owns 11,602 shares of the bank’s stock valued at $405,000 after acquiring an additional 415 shares in the last quarter. Finally, Xponance Inc. lifted its position in Zions Bancorporation, National Association by 1.8% in the 3rd quarter. Xponance Inc. now owns 25,164 shares of the bank’s stock valued at $878,000 after acquiring an additional 454 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Down 2.1 %

ZION opened at $41.27 on Friday. The company has a fifty day moving average price of $40.86 and a 200-day moving average price of $39.30. The firm has a market capitalization of $6.09 billion, a P/E ratio of 10.37 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.80. Zions Bancorporation, National Association has a one year low of $18.26 and a one year high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Monday, April 22nd. The bank reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same quarter last year, the firm earned $1.33 earnings per share. Equities research analysts expect that Zions Bancorporation, National Association will post 4.3 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.97%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 41.21%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ZION. Compass Point reaffirmed a “neutral” rating on shares of Zions Bancorporation, National Association in a research report on Monday, January 8th. Morgan Stanley lifted their target price on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 7th. TheStreet raised shares of Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Stephens lifted their target price on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 23rd. Finally, Evercore ISI lifted their target price on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.16.

Insider Activity

In related news, CEO Harris H. Simmons acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the chief executive officer now owns 1,312,987 shares of the company’s stock, valued at approximately $50,602,518.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Harris H. Simmons acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the chief executive officer now owns 1,312,987 shares of the company’s stock, valued at approximately $50,602,518.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark Richard Young sold 5,597 shares of Zions Bancorporation, National Association stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $40.21, for a total transaction of $225,055.37. Following the sale, the vice president now directly owns 12,133 shares of the company’s stock, valued at $487,867.93. The disclosure for this sale can be found here. Insiders sold 13,929 shares of company stock worth $563,778 in the last three months. Corporate insiders own 2.22% of the company’s stock.

About Zions Bancorporation, National Association

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.