Taika Capital LP bought a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,931 shares of the bank's stock, valued at approximately $752,000.
Other hedge funds have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in Zions Bancorporation, National Association during the 3rd quarter valued at $28,000. ORG Partners LLC acquired a new position in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $33,000. International Assets Investment Management LLC acquired a new position in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $34,000. Rothschild Investment LLC acquired a new position in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $39,000. Finally, New Millennium Group LLC acquired a new position in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $55,000. Institutional investors own 76.84% of the company's stock.
Zions Bancorporation, National Association stock opened at $59.13 on Friday. The business has a 50 day moving average price of $54.19 and a two-hundred day moving average price of $48.61. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 5.23 and a beta of 1.10. Zions Bancorporation, National Association has a 12 month low of $37.05 and a 12 month high of $63.22.
Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.16 by $0.21. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same quarter in the prior year, the firm posted $1.13 EPS. As a group, equities analysts forecast that Zions Bancorporation, National Association will post 4.85 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.91%. Zions Bancorporation, National Association's dividend payout ratio is presently 39.18%.
ZION has been the topic of a number of recent research reports. Stephens lifted their target price on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 22nd. Compass Point lifted their target price on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their target price on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Truist Financial lifted their target price on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Finally, Wolfe Research upgraded Zions Bancorporation, National Association to a "hold" rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $55.13.
Check Out Our Latest Analysis on Zions Bancorporation, National Association
In other Zions Bancorporation, National Association news, EVP Paul E. Burdiss sold 9,506 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the transaction, the executive vice president now owns 86,232 shares of the company's stock, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total value of $234,422.10. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,321,210.44. This represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,881 shares of company stock valued at $1,108,184. Corporate insiders own 2.22% of the company's stock.
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.
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