Zions Bancorporation, National Association (NASDAQ:ZION) Stock Holdings Lifted by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC lifted its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 8.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,863 shares of the bank’s stock after buying an additional 1,064 shares during the period. Sierra Summit Advisors LLC’s holdings in Zions Bancorporation, National Association were worth $601,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fidelis Capital Partners LLC bought a new position in shares of Zions Bancorporation, National Association during the first quarter valued at approximately $27,000. Jones Financial Companies Lllp bought a new position in Zions Bancorporation, National Association during the 4th quarter worth $29,000. ORG Partners LLC bought a new stake in Zions Bancorporation, National Association in the second quarter valued at $33,000. International Assets Investment Management LLC acquired a new position in shares of Zions Bancorporation, National Association during the second quarter valued at $34,000. Finally, Rothschild Investment LLC acquired a new position in shares of Zions Bancorporation, National Association during the second quarter valued at $39,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Up 3.1 %

Zions Bancorporation, National Association stock opened at $46.49 on Monday. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 2.73 and a beta of 1.09. Zions Bancorporation, National Association has a 1 year low of $28.90 and a 1 year high of $53.32. The firm’s 50 day moving average price is $47.78 and its two-hundred day moving average price is $44.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The company had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. During the same period in the previous year, the firm earned $1.11 earnings per share. Zions Bancorporation, National Association’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts predict that Zions Bancorporation, National Association will post 4.52 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.41 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.53%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ZION. Robert W. Baird lifted their price objective on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Compass Point boosted their price objective on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Argus cut Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Stephens boosted their price target on Zions Bancorporation, National Association from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Morgan Stanley increased their price target on Zions Bancorporation, National Association from $42.00 to $54.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $48.83.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the sale, the vice president now directly owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the completion of the sale, the president now directly owns 74,286 shares in the company, valued at approximately $3,850,243.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares in the company, valued at approximately $925,528.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,073 shares of company stock valued at $3,476,298. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association 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.