Assenagon Asset Management S.A. Purchases Shares of 129,047 Zions Bancorporation, National Association (NASDAQ:ZION)

Assenagon Asset Management S.A. acquired a new position in Zions Bancorporation, National Association (NASDAQ:ZION) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 129,047 shares of the bank’s stock, valued at approximately $5,597,000. Assenagon Asset Management S.A. owned 0.09% of Zions Bancorporation, National Association at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZION. Fidelis Capital Partners LLC purchased a new position in Zions Bancorporation, National Association in the 1st quarter worth approximately $27,000. Federated Hermes Inc. boosted its position in Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after buying an additional 331 shares during the period. Jones Financial Companies Lllp bought a new stake in Zions Bancorporation, National Association in the 4th quarter worth $29,000. ORG Partners LLC purchased a new position in shares of Zions Bancorporation, National Association in the second quarter valued at about $33,000. Finally, Quarry LP bought a new position in shares of Zions Bancorporation, National Association during the fourth quarter valued at about $49,000. Institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the transaction, the executive vice president now directly owns 24,640 shares in the company, valued at approximately $1,275,859.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the sale, the vice president now directly owns 17,857 shares in the company, valued at approximately $925,528.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction on Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the transaction, the executive vice president now owns 24,640 shares in the company, valued at $1,275,859.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,073 shares of company stock worth $3,476,298. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Up 1.0 %

ZION stock opened at $46.59 on Monday. The stock has a market capitalization of $6.88 billion, a P/E ratio of 11.71, a P/E/G ratio of 2.74 and a beta of 1.11. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. Zions Bancorporation, National Association has a 1-year low of $28.90 and a 1-year high of $53.32. The business has a fifty day moving average price of $45.64 and a 200-day moving average price of $42.93.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The business had revenue of $776.00 million during the quarter, compared to analyst estimates of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. Zions Bancorporation, National Association’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 EPS. Equities analysts forecast that Zions Bancorporation, National Association will post 4.53 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ZION shares. Truist Financial boosted their price target on Zions Bancorporation, National Association from $45.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Morgan Stanley upped their target price on Zions Bancorporation, National Association from $42.00 to $54.00 and gave the company an “underweight” rating in a report on Monday, August 5th. Royal Bank of Canada raised their price target on Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 23rd. Stephens upped their price objective on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Finally, Compass Point raised their target price on shares of 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. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $48.72.

Zions Bancorporation, National Association Company 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.